InnerWorkings, Inc. (INWK) Holdings Increased by Eagle Boston Investment Management Inc.

Eagle Boston Investment Management Inc. grew its stake in shares of InnerWorkings, Inc. (NASDAQ:INWK) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,148,746 shares of the business services provider’s stock after buying an additional 50,225 shares during the quarter. InnerWorkings comprises 1.2% of Eagle Boston Investment Management Inc.’s holdings, making the stock its 29th biggest position. Eagle Boston Investment Management Inc. owned about 2.12% of InnerWorkings worth $11,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INWK. Legal & General Group Plc raised its holdings in shares of InnerWorkings by 10.4% in the 2nd quarter. Legal & General Group Plc now owns 10,713 shares of the business services provider’s stock worth $124,000 after purchasing an additional 1,007 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of InnerWorkings in the 2nd quarter worth approximately $127,000. Teacher Retirement System of Texas bought a new stake in shares of InnerWorkings in the 4th quarter worth approximately $167,000. Victory Capital Management Inc. bought a new stake in shares of InnerWorkings in the 3rd quarter worth approximately $198,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of InnerWorkings by 464.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,974 shares of the business services provider’s stock worth $205,000 after purchasing an additional 14,791 shares in the last quarter. Institutional investors and hedge funds own 75.30% of the company’s stock.

Shares of InnerWorkings, Inc. (NASDAQ:INWK) opened at $8.87 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. InnerWorkings, Inc. has a fifty-two week low of $8.19 and a fifty-two week high of $12.03. The company has a market cap of $476.82, a P/E ratio of 21.63, a P/E/G ratio of 1.14 and a beta of 1.65.

INWK has been the topic of a number of research reports. Zacks Investment Research upgraded shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Thursday, November 9th. Dougherty & Co initiated coverage on shares of InnerWorkings in a report on Tuesday, October 31st. They issued a “buy” rating and a $14.00 target price on the stock. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $13.40.

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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.

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Institutional Ownership by Quarter for InnerWorkings (NASDAQ:INWK)

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