79,280 Shares in InnerWorkings, Inc. (INWK) Purchased by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan bought a new position in shares of InnerWorkings, Inc. (NASDAQ:INWK) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 79,280 shares of the business services provider’s stock, valued at approximately $795,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Millennium Management LLC bought a new position in InnerWorkings during the 4th quarter worth about $3,857,000. Raymond James & Associates acquired a new position in shares of InnerWorkings during the 4th quarter worth about $411,000. Two Sigma Investments LP boosted its stake in shares of InnerWorkings by 728.4% during the 4th quarter. Two Sigma Investments LP now owns 227,099 shares of the business services provider’s stock worth $2,278,000 after buying an additional 199,685 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of InnerWorkings by 54.6% during the 4th quarter. Two Sigma Advisers LP now owns 258,799 shares of the business services provider’s stock worth $2,596,000 after buying an additional 91,400 shares during the last quarter. Finally, Ellington Management Group LLC acquired a new position in shares of InnerWorkings during the 4th quarter worth about $173,000. Hedge funds and other institutional investors own 81.04% of the company’s stock.

How to Become a New Pot Stock Millionaire

INWK stock opened at $8.80 on Friday. InnerWorkings, Inc. has a one year low of $8.19 and a one year high of $12.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.63 and a current ratio of 1.84. The company has a market cap of $479.60, a PE ratio of 25.14, a PEG ratio of 1.16 and a beta of 1.65.

InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings data on Monday, March 12th. The business services provider reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). InnerWorkings had a return on equity of 8.01% and a net margin of 1.67%. The business had revenue of $301.00 million for the quarter, compared to analyst estimates of $304.90 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. research analysts anticipate that InnerWorkings, Inc. will post 0.57 earnings per share for the current year.

A number of equities analysts have recently commented on INWK shares. Lake Street Capital restated a “buy” rating and set a $13.00 price objective (down from $14.00) on shares of InnerWorkings in a research note on Tuesday, March 13th. Zacks Investment Research upgraded shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Friday, January 12th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $13.20.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3297045/79280-shares-in-innerworkings-inc-inwk-purchased-by-municipal-employees-retirement-system-of-michigan.html.

InnerWorkings Company 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.

Want to see what other hedge funds are holding INWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InnerWorkings, Inc. (NASDAQ:INWK).

Institutional Ownership by Quarter for InnerWorkings (NASDAQ:INWK)

Receive News & Ratings for InnerWorkings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InnerWorkings and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Karmacoin Price Up 16% Over Last 7 Days
Karmacoin Price Up 16% Over Last 7 Days
Compcoin Hits Market Capitalization of $0.00
Compcoin Hits Market Capitalization of $0.00
United Bitcoin Market Cap Hits $0.00
United Bitcoin Market Cap Hits $0.00
$0.70 EPS Expected for Lakeland Financial Co.  This Quarter
$0.70 EPS Expected for Lakeland Financial Co. This Quarter
New Jersey Resources Co.  Receives Consensus Rating of “Buy” from Brokerages
New Jersey Resources Co. Receives Consensus Rating of “Buy” from Brokerages
Brokerages Set Chico’s  Target Price at $11.10
Brokerages Set Chico’s Target Price at $11.10


© 2006-2018 Ticker Report. Google+.