Intech Investment Management LLC Purchases New Shares in Innodata Inc. (NASDAQ:INOD)

Intech Investment Management LLC purchased a new position in Innodata Inc. (NASDAQ:INOD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,068 shares of the technology company's stock, valued at approximately $398,000.

Several other hedge funds have also recently added to or reduced their stakes in INOD. Allworth Financial LP bought a new stake in shares of Innodata during the 4th quarter worth $29,000. USA Financial Formulas acquired a new position in shares of Innodata in the 4th quarter valued at $36,000. AlphaQuest LLC increased its stake in Innodata by 79.4% in the 4th quarter. AlphaQuest LLC now owns 1,030 shares of the technology company's stock worth $41,000 after purchasing an additional 456 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Innodata during the fourth quarter valued at about $150,000. Finally, Spire Wealth Management purchased a new stake in Innodata during the fourth quarter valued at about $166,000. Institutional investors and hedge funds own 30.75% of the company's stock.

Insider Activity

In other Innodata news, CFO Marissa B. Espineli sold 30,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 18,000 shares in the company, valued at $1,171,620. This represents a 62.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Ashok Mishra sold 48,650 shares of Innodata stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $65.07, for a total value of $3,165,655.50. Following the completion of the transaction, the chief operating officer now directly owns 60,000 shares in the company, valued at approximately $3,904,200. This represents a 44.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,427 shares of company stock valued at $17,790,794. Insiders own 15.23% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on INOD shares. Wedbush assumed coverage on shares of Innodata in a report on Thursday, December 19th. They set an "outperform" rating and a $48.00 price target on the stock. Maxim Group increased 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. 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. Finally, Chardan Capital reissued a "buy" rating and issued a $45.00 price objective on shares of Innodata in a research note on Friday, December 13th. One 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, the company presently has an average rating of "Moderate Buy" and an average price target of $53.00.

Innodata Stock Down 6.1 %

Shares of NASDAQ:INOD traded down $2.44 during midday trading on Friday, hitting $37.39. 1,140,573 shares of the stock were exchanged, compared to its average volume of 1,202,447. The company has a market capitalization of $1.17 billion, a PE ratio of 43.99 and a beta of 2.59. Innodata Inc. has a 52-week low of $5.46 and a 52-week high of $71.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. The business's fifty day simple moving average is $45.47 and its two-hundred day simple moving average is $35.52.

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, topping analysts' consensus estimates of $0.11 by $0.20. The company had revenue of $59.18 million during the quarter, compared to the consensus estimate of $53.01 million. Innodata had a return on equity of 66.36% and a net margin of 16.81%. As a group, research analysts predict that Innodata Inc. will post 0.81 earnings per share 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.