Innodata Inc. (NASDAQ:INOD) Stock Holdings Lifted by Rathbones Group PLC

Rathbones Group PLC increased its stake in Innodata Inc. (NASDAQ:INOD) by 42.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 123,014 shares of the technology company’s stock after acquiring an additional 36,605 shares during the quarter. Rathbones Group PLC owned approximately 0.42% of Innodata worth $4,862,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Jennison Associates LLC acquired a new stake in Innodata during the 4th quarter worth about $402,000. Principal Financial Group Inc. acquired a new stake in shares of Innodata during the third quarter valued at approximately $311,000. Geode Capital Management LLC boosted its stake in Innodata by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock worth $10,294,000 after purchasing an additional 13,609 shares during the period. Silverleafe Capital Partners LLC purchased a new position in Innodata during the 4th quarter worth approximately $913,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Innodata in the fourth quarter valued at $283,000. 30.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on INOD shares. Maxim Group upped their target price on Innodata from $54.00 to $75.00 and gave the company a “buy” rating in a report on Friday, February 21st. Chardan Capital reissued a “buy” rating and set a $45.00 target price on shares of Innodata in a research note on Friday, December 13th. BWS Financial increased their price objective on Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Wedbush began coverage on Innodata in a research note on Thursday, December 19th. They issued an “outperform” rating and a $48.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $53.00.

Innodata Trading Up 6.2 %

Innodata stock opened at $31.83 on Tuesday. Innodata Inc. has a one year low of $5.46 and a one year high of $71.00. The company’s fifty day moving average price is $45.02 and its two-hundred day moving average price is $36.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $996.28 million, a price-to-earnings ratio of 37.45 and a beta of 2.66.

Innodata (NASDAQ:INOD) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.20. Innodata had a return on equity of 66.36% and a net margin of 16.81%. The business had revenue of $59.18 million for the quarter, compared to analyst estimates of $53.01 million. On average, analysts forecast that Innodata Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Transactions at Innodata

In other news, Director Nauman Sabeeh Toor sold 196,777 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $64.40, for a total value of $12,672,438.80. Following the sale, the director now owns 12,417 shares in the company, valued at approximately $799,654.80. This trade represents a 94.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Marissa B. Espineli sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total transaction of $1,952,700.00. Following the transaction, the chief financial officer now owns 18,000 shares of the company’s stock, valued at approximately $1,171,620. The trade was a 62.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 275,427 shares of company stock worth $17,790,794. 15.23% of the stock is owned by insiders.

Innodata Profile

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.