Victory Capital Management Inc. Has $139.08 Million Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

Victory Capital Management Inc. cut its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,203,819 shares of the company's stock after selling 191,208 shares during the quarter. Victory Capital Management Inc. owned approximately 4.45% of Cushman & Wakefield worth $139,078,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CWK. Blue Trust Inc. boosted its position in Cushman & Wakefield by 137.5% during the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company's stock worth $48,000 after acquiring an additional 2,027 shares during the period. CWM LLC raised its holdings in Cushman & Wakefield by 61.4% during the 2nd quarter. CWM LLC now owns 5,468 shares of the company's stock worth $57,000 after buying an additional 2,080 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Cushman & Wakefield by 45.8% in the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock worth $71,000 after buying an additional 1,629 shares during the period. Profund Advisors LLC purchased a new position in shares of Cushman & Wakefield in the second quarter worth approximately $105,000. Finally, nVerses Capital LLC purchased a new position in Cushman & Wakefield during the 2nd quarter worth approximately $116,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on CWK. JPMorgan Chase & Co. lifted their price objective on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, July 30th. Raymond James lifted their target price on Cushman & Wakefield from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.80.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock traded up $0.01 during midday trading on Wednesday, reaching $14.63. 416,578 shares of the company's stock were exchanged, compared to its average volume of 2,208,037. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. Cushman & Wakefield plc has a 52 week low of $7.99 and a 52 week high of $16.11. The stock's 50-day simple moving average is $13.32 and its 200 day simple moving average is $12.12. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 39.65 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The business's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. On average, analysts expect that Cushman & Wakefield plc will post 0.86 earnings per share for the current fiscal year.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.