David Koning Analyst Performance

Senior Research Analyst Associate Director of Research at Robert W. Baird

David Koning is a stock analyst at Robert W. Baird across a range of sectors, covering 33 publicly traded companies. Over the past year, David Koning has issued 34 stock ratings, including buy and hold recommendations. While full access to David Koning's proprietary MarketBeat Analyst Rating is reserved for MarketBeat All Access subscribers, the rating is updated daily to reflect the most recent analyst activity. This profile highlights David Koning's coverage history, rating activity, and performance tendencies — helping individual investors make more informed trading decisions.

Analyst Ratings, Coverage, and Performance Statistics

Analyst Rating

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Average Return

00.00% 12-Month ROI

Success Rate

00.00% Profitable Ratings

Total Ratings

104 Last 9 Years

Buy Recommendations

60.78% 62 Buy Ratings

Companies Covered

33 Unique Companies

Ratings Distribution

Rating	Percentage	Count
Strong Buy	0.0%	0 ratings
Buy	60.8%	61 ratings
Hold	39.2%	40 ratings
Sell	0.0%	0 ratings

Out of 102 total stock ratings issued by David Koning at Robert W. Baird, the majority (60.8%) have been Buy recommendations, followed by 39.2% Hold.

Best & Worst Calls

• Best Call

  000.0%

  WEX

  May 2020

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• Worst Call

  000.0%

  TASK

  Aug 2021

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Exchange Coverage

Exchange	Percentage	Count
NYSE	66.7% of companies on NYSE	22 companies
NASDAQ	33.3% of companies on NASDAQ	11 companies

David Koning, an analyst at Robert W. Baird, currently covers 33 companies listed on NYSE and NASDAQ, with the majority traded on NYSE.

Coverage Focus

Sector Icon	Sector	Percentage
	Business Services 16 companies	48.5%
	Computer and Technology 14 companies	42.4%
	Finance 1 company	3.0%
	Construction 1 company	3.0%
	Industrials 1 company	3.0%

David Koning of Robert W. Baird specializes in stock coverage within the Business Services sector, with additional focus on Computer and Technology and Finance companies.

Coverage Industries

Industry	Percentage
FINANCIAL TRANSACTION SERVICES 8 companies	24.2%
IT SERVICES 7 companies	21.2%
INTERNET SOFTWARE 5 companies	15.2%
BUSINESS SVCS 3 companies	9.1%
BUSINESS SERVICES 2 companies	6.1%
COMPUTER INTEGRATED SYSTEMS DESIGN 2 companies	6.1%
FIN - MISC SVCS 1 company	3.0%
BLDG&CONST - MISC 1 company	3.0%
CUSTOM COMPUTER PROGRAMMING SERVICES 1 company	3.0%
DATA PROCESSING & PREPARATION 1 company	3.0%
HELP SUPPLY SERVICES 1 company	3.0%
FUNCTIONS RELATED TO DEPOSITORY BANKING 1 company	3.0%

About David Koning

David Koning is Baird’s Senior Research Analyst covering Financial Technology, Payments, and Services, as well as Associate Director of Research. Prior to joining Baird in 2002, he was an equity analyst at Holland Capital Management and a commercial lender and commercial credit analyst at Comerica Bank. David was ranked by TipRanks as No. 12 on the Top 25 Wall Street analysts of the decade list. He was ranked by TipRanks as No. 25 on the Top 100 Wall Street analysts of 2019 list. In 2016, he was ranked by Thomson Reuters Analyst Awards (StarMine) as the No. 2 earnings estimator in IT Services. David received a BA in Mathematics and Business from Calvin College and an MBA, with a concentration in Finance, from the University of Chicago.

David Koning's Ratings History at Robert W. Baird

Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 2 Years 3 Years 4 Years 5 Years All Time Timeframe

Start Date

End Date

All Ratings Strong Buy Buy Hold Sell Rating

Recommendation ROI is the percentage between the price on the Report Date to the price 12 months after the report date.
Available with a MarketBeat All Access Subscription

12-Month ROIUpgrade to All Access to use the All ROI Filter

Export to Excel

Company	Report Date	Action	Report Date Price	12-Month Price Target	Rating	12-Month Price & ROI	Details
VRRM Verra Mobility	8/21/2025	Boost Price Target	$24.92	$30.00	Outperform	$0.00 00.00% ROI
JKHY Jack Henry & Associates	8/20/2025	Lower Price Target	$160.63	$185.00	Neutral	$0.00 00.00% ROI
CRCL Circle Internet Group	8/13/2025	Lower Price Target	$163.24	$185.00	Neutral	$0.00 00.00% ROI
WEX WEX	7/24/2025	Boost Price Target	$163.47	$198.00	Outperform	$0.00 00.00% ROI
FI Fiserv	7/24/2025	Lower Price Target	$143.07	$185.00	Outperform	$0.00 00.00% ROI
XYZ Block	7/21/2025	Boost Price Target	$72.86	$84.00	Outperform	$0.00 00.00% ROI
BILL BILL	7/18/2025	Lower Price Target	$47.36	$52.00	Neutral	$0.00 00.00% ROI
FIS Fidelity National Information Services	7/16/2025	Boost Price Target	$78.83	$86.00	Neutral	$0.00 00.00% ROI
CRCL Circle Internet Group	7/11/2025	Initiated Coverage	$201.96	$210.00	Neutral	$0.00 00.00% ROI
CNXC Concentrix	6/26/2025	Boost Price Target	$54.17	$72.00	Outperform	$0.00 00.00% ROI
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FI Fiserv	6/18/2025	Lower Price Target	$161.75	$225.00	Outperform	$0.00 00.00% ROI
CPAY Corpay	6/10/2025	Set Price Target	$350.74	$440.00		$0.00 00.00% ROI
PAY Paymentus	6/4/2025	Boost Price Target	$38.59	$40.00	Outperform	$0.00 00.00% ROI
IBEX IBEX	5/12/2025	Downgrade	$30.55	$30.00	Neutral	$0.00 00.00% ROI
TASK TaskUs	5/12/2025	Downgrade	$16.85	$16.50	Neutral	$0.00 00.00% ROI
AVDX AvidXchange	5/8/2025	Reiterated Rating	$9.74	$10.00	Neutral	$0.00 00.00% ROI
VRRM Verra Mobility	5/8/2025	Boost Price Target	$24.00	$28.00	Outperform	$0.00 00.00% ROI
G Genpact	5/8/2025	Lower Price Target	$40.65	$50.00	Neutral	$0.00 00.00% ROI
PAY Paymentus	5/6/2025	Boost Price Target	$34.29	$36.00	Outperform	$0.00 00.00% ROI
CTSH Cognizant Technology Solutions	5/1/2025	Boost Price Target	$73.57	$82.00	Neutral	$0.00 00.00% ROI
VRRM Verra Mobility	4/22/2025	Upgrade	$20.99	$27.00	Outperform	$0.00 00.00% ROI
GPN Global Payments	4/21/2025	Lower Price Target	$69.50	$100.00	Outperform	$0.00 00.00% ROI
CTSH Cognizant Technology Solutions	4/8/2025	Lower Price Target	$67.38	$78.00	Neutral	$0.00 00.00% ROI
XYZ Block	4/8/2025	Lower Price Target	$50.48	$80.00	Outperform	$0.00 00.00% ROI
BILL BILL	4/4/2025	Lower Price Target	$42.65	$55.00	Neutral	$0.00 00.00% ROI
PAY Paymentus	4/4/2025	Lower Price Target	$25.53	$30.00	Outperform	$0.00 00.00% ROI
FIS Fidelity National Information Services	4/4/2025	Boost Price Target	$74.46	$82.00	Neutral	$0.00 00.00% ROI
ACN Accenture	3/17/2025	Upgrade	$318.28	$390.00	Outperform	$0.00 00.00% ROI
PAY Paymentus	3/11/2025	Lower Price Target	$24.92	$36.00	Outperform	$0.00 00.00% ROI
AVDX AvidXchange	2/27/2025	Lower Price Target	$7.26	$12.00	Outperform	$0.00 00.00% ROI
TOST Toast	2/20/2025	Boost Price Target	$39.58	$40.00	Neutral	$0.00 00.00% ROI
WNS WNS	1/24/2025	Boost Price Target	$60.84	$66.00	Outperform	$0.00 00.00% ROI
V Visa	10/17/2024	Boost Price Target	$287.51	$330.00	Outperform	$0.00 00.00% ROI
JKHY Jack Henry & Associates	10/17/2024	Boost Price Target	$185.67	$195.00	Neutral	$0.00 00.00% ROI

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