Quantitative Investment Management LLC Invests $1.49 Million in Innodata Inc. $INOD

Quantitative Investment Management LLC purchased a new stake in Innodata Inc. (NASDAQ:INOD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,377 shares of the technology company’s stock, valued at approximately $1,493,000.

Several other hedge funds also recently modified their holdings of INOD. Vanguard Group Inc. grew its position in Innodata by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,840,491 shares of the technology company’s stock worth $141,847,000 after acquiring an additional 15,036 shares during the last quarter. Geode Capital Management LLC raised its position in Innodata by 11.0% in the second quarter. Geode Capital Management LLC now owns 700,217 shares of the technology company’s stock valued at $35,869,000 after purchasing an additional 69,475 shares during the last quarter. Jump Financial LLC boosted its stake in shares of Innodata by 1,058.5% during the second quarter. Jump Financial LLC now owns 391,200 shares of the technology company’s stock valued at $20,037,000 after purchasing an additional 357,433 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Innodata by 51.7% during the third quarter. First Trust Advisors LP now owns 231,740 shares of the technology company’s stock valued at $17,860,000 after purchasing an additional 78,963 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Innodata by 33.0% during the second quarter. Ameriprise Financial Inc. now owns 222,374 shares of the technology company’s stock worth $11,392,000 after purchasing an additional 55,168 shares during the last quarter. Institutional investors and hedge funds own 30.75% of the company’s stock.

Innodata Price Performance

Shares of INOD opened at $42.75 on Friday. Innodata Inc. has a 1 year low of $26.41 and a 1 year high of $93.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.68 and a quick ratio of 2.68. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 46.98 and a beta of 2.46. The business has a 50-day moving average of $52.00 and a 200-day moving average of $58.71.

Innodata (NASDAQ:INOD) last announced its earnings results on Thursday, February 26th. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. Innodata had a return on equity of 35.12% and a net margin of 12.79%.The business had revenue of $72.38 million for the quarter, compared to analysts’ expectations of $69.47 million. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue was up 22.3% on a year-over-year basis. As a group, equities research analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on INOD shares. Weiss Ratings downgraded Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. BWS Financial reissued a “top pick” rating and set a $110.00 target price on shares of Innodata in a report on Friday, January 30th. Wall Street Zen cut shares of Innodata from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Wedbush reaffirmed an “outperform” rating and set a $90.00 price target on shares of Innodata in a research note on Friday, January 30th. Finally, Zacks Research lowered shares of Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $100.00.

About Innodata

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.