Rathbones Group PLC Purchases 8,691 Shares of Innodata Inc. $INOD

Rathbones Group PLC grew its position in Innodata Inc. (NASDAQ:INOD) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,401 shares of the technology company’s stock after purchasing an additional 8,691 shares during the quarter. Rathbones Group PLC owned approximately 0.43% of Innodata worth $6,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in Innodata in the 2nd quarter worth $36,000. Toth Financial Advisory Corp boosted its position in shares of Innodata by 40.2% during the second quarter. Toth Financial Advisory Corp now owns 1,150 shares of the technology company’s stock worth $59,000 after acquiring an additional 330 shares during the last quarter. Pinnacle Investment Management Ltd purchased a new position in shares of Innodata during the second quarter valued at about $77,000. Creative Financial Designs Inc. ADV grew its holdings in Innodata by 137.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,900 shares of the technology company’s stock valued at $97,000 after buying an additional 1,100 shares in the last quarter. Finally, Motco bought a new stake in Innodata in the first quarter worth $72,000. 30.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on INOD. BWS Financial raised their price target on Innodata from $74.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innodata in a report on Wednesday. Zacks Research raised shares of Innodata from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Finally, Wedbush boosted their target price on shares of Innodata from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Innodata currently has a consensus rating of “Buy” and an average price target of $80.00.

Innodata Price Performance

Shares of Innodata stock opened at $65.10 on Monday. The business has a 50 day simple moving average of $70.26 and a two-hundred day simple moving average of $52.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.87 and a quick ratio of 2.87. The stock has a market capitalization of $2.07 billion, a P/E ratio of 52.50 and a beta of 2.90. Innodata Inc. has a 12 month low of $26.41 and a 12 month high of $93.85.

Innodata (NASDAQ:INOD) last released its earnings results on Thursday, November 6th. The technology company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Innodata had a net margin of 18.71% and a return on equity of 54.27%. The business had revenue of $62.55 million for the quarter, compared to analyst estimates of $59.78 million. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, analysts predict that Innodata Inc. will post 0.81 EPS for the current fiscal year.

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.