Glassman Wealth Services buys $289,789 stake in InnerWorkings (INWK)

InnerWorkings (INWK) : Glassman Wealth Services scooped up 4,668 additional shares in InnerWorkings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 35,865 shares of InnerWorkings which is valued at $289,789.InnerWorkings makes up approximately 0.26% of Glassman Wealth Services’s portfolio.

Other Hedge Funds, Including , I.g. Investment Management Ltd. boosted its stake in INWK in the latest quarter, The investment management firm added 8,635 additional shares and now holds a total of 170,793 shares of InnerWorkings which is valued at $1.4 Million. InnerWorkings makes up approx 0.01% of I.g. Investment Management Ltd.’s portfolio. Whv Investments sold out all of its stake in INWK during the most recent quarter. The investment firm sold 78,805 shares of INWK which is valued $636,744.Finemark National Bank Trust reduced its stake in INWK by selling 248 shares or 3.87% in the most recent quarter. The Hedge Fund company now holds 6,153 shares of INWK which is valued at $49,716. InnerWorkings makes up approx 0.01% of Finemark National Bank Trust’s portfolio.American Century Companies Inc boosted its stake in INWK in the latest quarter, The investment management firm added 442,374 additional shares and now holds a total of 1,557,005 shares of InnerWorkings which is valued at $12.5 Million. InnerWorkings makes up approx 0.01% of American Century Companies Inc’s portfolio.Thompson Davis reduced its stake in INWK by selling 6,100 shares or 68.93% in the most recent quarter. The Hedge Fund company now holds 2,750 shares of INWK which is valued at $22,083. InnerWorkings makes up approx 0.03% of Thompson Davis’s portfolio.

InnerWorkings closed down -0.23 points or -2.72% at $8.24 with 1,36,958 shares getting traded on Wednesday. Post opening the session at $8.46, the shares hit an intraday low of $8.22 and an intraday high of $8.5937 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, InnerWorkings reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.03. The company had revenue of $271.10 million for the quarter, compared to analysts expectations of $248.54 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

InnerWorkings Inc. is global marketing execution company. The Company offers services for Fortune 500 brands across a range of industries. The Company leverages a range of technology supplier network and domain expertise to streamline the creation production and distribution of marketing and promotional materials signage and displays retail experiences events and promotions and product packaging across the world. 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 business of providing marketing execution solutions primarily includes the procurement of marketing materials branded merchandise and retail displays. The Company’s network of more than 10000 global suppliers offers a variety of products and a range of print fulfillment and logistics services.

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