Rathbones Group PLC lifted its stake in shares of Innodata Inc. (NASDAQ:INOD - Free Report) by 42.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,014 shares of the technology company's stock after purchasing an additional 36,605 shares during the period. Rathbones Group PLC owned 0.42% of Innodata worth $4,862,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in Innodata by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company's stock worth $1,291,000 after acquiring an additional 1,843 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Innodata by 38.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company's stock worth $225,000 after purchasing an additional 3,739 shares during the last quarter. Centiva Capital LP bought a new stake in shares of Innodata in the 3rd quarter valued at about $318,000. Point72 Asset Management L.P. bought a new stake in shares of Innodata in the 3rd quarter valued at about $206,000. Finally, State Street Corp lifted its stake in Innodata by 1.8% in the 3rd quarter. State Street Corp now owns 537,301 shares of the technology company's stock valued at $9,011,000 after purchasing an additional 9,408 shares during the last quarter. Institutional investors and hedge funds own 30.75% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on INOD shares. Wedbush started coverage on Innodata in a research report on Thursday, December 19th. They set an "outperform" rating and a $48.00 price target on the stock. Maxim Group boosted their target price on Innodata from $54.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, BWS Financial raised 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Innodata currently has an average rating of "Moderate Buy" and a consensus target price of $53.00.
View Our Latest Stock Report on INOD
Innodata Stock Performance
Shares of NASDAQ:INOD traded up $0.11 during trading on Friday, reaching $37.09. 950,212 shares of the stock were exchanged, compared to its average volume of 1,273,927. The firm has a market cap of $1.16 billion, a PE ratio of 43.64 and a beta of 2.66. 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 50-day moving average price of $44.93 and a 200-day moving average price of $37.18.
Innodata (NASDAQ:INOD - Get Free Report) 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. The firm had revenue of $59.18 million for the quarter, compared to analyst estimates of $53.01 million. Innodata had a return on equity of 66.36% and a net margin of 16.81%. Research analysts expect that Innodata Inc. will post 0.81 EPS for the current fiscal year.
Insider Buying and Selling at Innodata
In other Innodata news, Director Nauman Sabeeh Toor sold 196,777 shares of Innodata stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total value of $12,672,438.80. Following the completion of the transaction, the director now directly owns 12,417 shares of the company's stock, valued at $799,654.80. The trade was a 94.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marissa B. Espineli sold 30,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $65.09, for a total value of $1,952,700.00. Following the sale, the chief financial officer now directly owns 18,000 shares in the company, valued at approximately $1,171,620. This trade represents a 62.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,427 shares of company stock valued at $17,790,794 in the last quarter. Company insiders own 15.23% of the company's stock.
Innodata Company Profile
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Free Report)
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.
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