Marshall Wace LLP Raises Stock Position in Innodata Inc. (NASDAQ:INOD)

Marshall Wace LLP boosted its holdings in Innodata Inc. (NASDAQ:INOD - Free Report) by 83.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 85,395 shares of the technology company's stock after buying an additional 38,954 shares during the period. Marshall Wace LLP owned 0.30% of Innodata worth $1,266,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of INOD. nVerses Capital LLC bought a new position in shares of Innodata during the 2nd quarter valued at about $27,000. Elkhorn Partners Limited Partnership bought a new position in shares of Innodata during the 1st quarter valued at about $94,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Innodata by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company's stock valued at $102,000 after purchasing an additional 982 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Innodata by 11.2% during the 1st quarter. BNP Paribas Financial Markets now owns 22,208 shares of the technology company's stock valued at $147,000 after purchasing an additional 2,230 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Innodata during the 2nd quarter valued at about $285,000. Hedge funds and other institutional investors own 30.75% of the company's stock.

Innodata Trading Down 0.8 %

NASDAQ INOD traded down $0.12 during trading on Monday, hitting $15.45. The stock had a trading volume of 303,258 shares, compared to its average volume of 628,895. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market capitalization of $444.23 million, a price-to-earnings ratio of 257.50 and a beta of 2.31. Innodata Inc. has a one year low of $5.46 and a one year high of $21.58. The stock has a 50 day simple moving average of $16.44 and a 200 day simple moving average of $13.43.

Analysts Set New Price Targets

Several research analysts have commented on INOD shares. BWS Financial increased their price objective on shares of Innodata from $24.00 to $30.00 and gave the company a "buy" rating in a report on Friday, August 9th. StockNews.com raised shares of Innodata to a "sell" rating in a report on Friday, September 27th. Craig Hallum began coverage on shares of Innodata in a report on Tuesday, September 17th. They issued a "buy" rating and a $23.00 price target for the company. Finally, Maxim Group began coverage on shares of Innodata in a report on Monday, July 15th. They issued a "buy" rating and a $30.00 price target for the company. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Innodata has an average rating of "Moderate Buy" and an average target price of $27.67.

Innodata Company 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.