TIAA CREF Investment Management LLC grew its stake in InnerWorkings, Inc. (NASDAQ:INWK) by 22.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,315 shares of the business services provider’s stock after acquiring an additional 22,074 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.23% of InnerWorkings worth $1,407,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of InnerWorkings by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,603,057 shares of the business services provider’s stock valued at $45,846,000 after acquiring an additional 26,438 shares during the period. Vanguard Group Inc. increased its holdings in shares of InnerWorkings by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 3,509,465 shares of the business services provider’s stock valued at $34,955,000 after acquiring an additional 173,364 shares during the period. AMI Asset Management Corp increased its holdings in shares of InnerWorkings by 2.9% in the 2nd quarter. AMI Asset Management Corp now owns 1,178,285 shares of the business services provider’s stock valued at $13,668,000 after acquiring an additional 33,274 shares during the period. Eagle Boston Investment Management Inc. increased its holdings in shares of InnerWorkings by 2.3% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 1,099,398 shares of the business services provider’s stock valued at $12,753,000 after acquiring an additional 24,889 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of InnerWorkings by 4.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 694,030 shares of the business services provider’s stock valued at $8,050,000 after acquiring an additional 30,355 shares during the period. Institutional investors and hedge funds own 79.57% of the company’s stock.

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

Shares of InnerWorkings, Inc. (INWK) opened at $10.45 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.63 and a quick ratio of 1.50. The firm has a market capitalization of $579.39, a price-to-earnings ratio of 24.72, a PEG ratio of 1.68 and a beta of 1.70. InnerWorkings, Inc. has a 52-week low of $8.07 and a 52-week high of $12.03.

InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings data on Monday, August 7th. The business services provider reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. The firm had revenue of $279.53 million during the quarter, compared to analysts’ expectations of $282.62 million. InnerWorkings had a return on equity of 8.84% and a net margin of 1.76%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. research analysts expect that InnerWorkings, Inc. will post 0.47 earnings per share for the current fiscal year.

InnerWorkings Profile

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.

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Institutional Ownership by Quarter for InnerWorkings (NASDAQ:INWK)

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