Elk Creek Partners LLC lowered its position in shares of InnerWorkings, Inc. (NASDAQ:INWK) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,201,818 shares of the business services provider’s stock after selling 14,995 shares during the quarter. Elk Creek Partners LLC owned 2.22% of InnerWorkings worth $13,520,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of InnerWorkings by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 3,669,795 shares of the business services provider’s stock worth $42,570,000 after purchasing an additional 160,330 shares in the last quarter. American Century Companies Inc. raised its stake in shares of InnerWorkings by 31.4% during the 3rd quarter. American Century Companies Inc. now owns 1,377,614 shares of the business services provider’s stock worth $15,498,000 after purchasing an additional 329,304 shares in the last quarter. Eagle Boston Investment Management Inc. raised its stake in shares of InnerWorkings by 2.3% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 1,099,398 shares of the business services provider’s stock worth $12,753,000 after purchasing an additional 24,889 shares in the last quarter. Boston Partners raised its stake in shares of InnerWorkings by 7.2% during the 3rd quarter. Boston Partners now owns 1,065,420 shares of the business services provider’s stock worth $11,986,000 after purchasing an additional 71,210 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of InnerWorkings by 75.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,055,500 shares of the business services provider’s stock worth $12,244,000 after purchasing an additional 453,200 shares in the last quarter. Institutional investors own 81.03% of the company’s stock.

Shares of InnerWorkings, Inc. (NASDAQ:INWK) opened at $10.52 on Friday. InnerWorkings, Inc. has a 12 month low of $8.84 and a 12 month high of $12.03. The company has a quick ratio of 1.63, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $569.36, a price-to-earnings ratio of 22.38, a P/E/G ratio of 1.61 and a beta of 1.68.

InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. InnerWorkings had a return on equity of 9.53% and a net margin of 2.04%. The business had revenue of $288.40 million for the quarter, compared to analysts’ expectations of $289.82 million. During the same quarter in the prior year, the business earned $0.11 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. equities analysts expect that InnerWorkings, Inc. will post 0.49 earnings per share for the current year.

A number of brokerages have recently issued reports on INWK. Zacks Investment Research cut InnerWorkings from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. BidaskClub cut InnerWorkings from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Lake Street Capital began coverage on InnerWorkings in a research note on Monday, October 2nd. They set a “buy” rating and a $14.00 price objective on the stock. Finally, Dougherty & Co began coverage on InnerWorkings in a research note on Tuesday, October 31st. They set a “buy” rating and a $14.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $13.60.

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About InnerWorkings

InnerWorkings, Inc is a marketing execution company. The Company’s software applications and databases create an integrated solution that stores, analyzes and tracks the production capabilities of its supplier network, as well as detailed pricing data. The Company’s segments include North America and International.

Institutional Ownership by Quarter for InnerWorkings (NASDAQ:INWK)

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