Aviva PLC Buys Shares of 10,444 Innodata Inc. (NASDAQ:INOD)

Aviva PLC purchased a new position in shares of Innodata Inc. (NASDAQ:INOD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,444 shares of the technology company's stock, valued at approximately $413,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in Innodata during the fourth quarter worth about $29,000. USA Financial Formulas acquired a new position in shares of Innodata in the 4th quarter worth approximately $36,000. Meeder Asset Management Inc. bought a new stake in Innodata during the 4th quarter worth approximately $36,000. AlphaQuest LLC increased its holdings in Innodata by 79.4% during the 4th quarter. AlphaQuest LLC now owns 1,030 shares of the technology company's stock valued at $41,000 after purchasing an additional 456 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Innodata in the fourth quarter worth $150,000. Institutional investors own 30.75% of the company's stock.

Innodata Trading Up 1.5 %

Shares of INOD traded up $0.54 on Tuesday, reaching $35.70. 1,306,214 shares of the company's stock were exchanged, compared to its average volume of 1,274,321. The business has a 50 day moving average price of $44.85 and a two-hundred day moving average price of $37.31. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. Innodata Inc. has a 12 month low of $5.46 and a 12 month high of $71.00. The stock has a market capitalization of $1.12 billion, a P/E ratio of 42.00 and a beta of 2.66.

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Innodata (NASDAQ:INOD - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share 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 company had revenue of $59.18 million for the quarter, compared to the consensus estimate of $53.01 million. Research analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on INOD. BWS Financial lifted their price target on Innodata from $45.00 to $74.00 and gave the company a "buy" rating in a report on Friday, February 21st. Maxim Group increased their price target on shares of Innodata from $54.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Wedbush assumed coverage on Innodata in a research report on Thursday, December 19th. They issued an "outperform" rating and a $48.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.

Insiders Place Their Bets

In other Innodata news, CFO Marissa B. Espineli sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total value of $1,952,700.00. Following the completion of the sale, the chief financial officer now owns 18,000 shares of the company's stock, valued at approximately $1,171,620. This represents a 62.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nauman Sabeeh Toor sold 196,777 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total transaction of $12,672,438.80. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 275,427 shares of company stock worth $17,790,794. Insiders own 15.23% of the company's stock.

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.