Integrated Quantitative Investments LLC Purchases New Position in Innodata Inc. (NASDAQ:INOD)

Integrated Quantitative Investments LLC purchased a new stake in shares of Innodata Inc. (NASDAQ:INOD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 9,048 shares of the technology company's stock, valued at approximately $358,000.

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

Innodata Stock Down 2.1 %

Shares of NASDAQ:INOD traded down $0.79 during trading on Thursday, reaching $36.32. 966,471 shares of the stock traded hands, compared to its average volume of 1,258,960. The stock has a market cap of $1.14 billion, a P/E ratio of 42.49 and a beta of 2.66. 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 stock has a 50-day moving average of $44.96 and a two-hundred day moving average of $36.73. Innodata Inc. has a 52-week low of $5.46 and a 52-week high of $71.00.

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Innodata (NASDAQ:INOD - Get Free Report) last posted its earnings results on Thursday, February 20th. The technology company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.20. Innodata had a net margin of 16.81% and a return on equity of 66.36%. The business had revenue of $59.18 million during the quarter, compared to the consensus estimate of $53.01 million. As a group, sell-side analysts expect that Innodata Inc. will post 0.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INOD has been the subject of several recent research reports. BWS Financial boosted their price objective on Innodata from $45.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Chardan Capital restated a "buy" rating and set a $45.00 target price on shares of Innodata in a report on Friday, December 13th. Wedbush initiated coverage on shares of Innodata in a report on Thursday, December 19th. They issued an "outperform" rating and a $48.00 price objective for the company. Finally, Maxim Group boosted their price target on shares of Innodata from $54.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $53.00.

Insider Buying and Selling

In other news, CFO Marissa B. Espineli sold 30,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 18,000 shares of the company's stock, 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 SEC, which is available at this hyperlink. Also, Director Nauman Sabeeh Toor sold 196,777 shares of the stock in a transaction dated 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 sale, the director now owns 12,417 shares of the company's stock, valued at $799,654.80. This represents a 94.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 275,427 shares of company stock valued at $17,790,794. 15.23% of the stock is owned by company 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.