Teachers Retirement System of The State of Kentucky Decreases Stock Position in Innodata Inc. $INOD

Teachers Retirement System of The State of Kentucky cut its position in Innodata Inc. (NASDAQ:INOD) by 55.3% during the third quarter, HoldingsChannel.com reports. The fund owned 15,117 shares of the technology company’s stock after selling 18,731 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Innodata were worth $1,165,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in INOD. Global Retirement Partners LLC purchased a new position in Innodata in the 3rd quarter valued at $50,000. Silver Oak Securities Incorporated purchased a new stake in shares of Innodata during the third quarter worth $60,000. Hollencrest Capital Management purchased a new stake in shares of Innodata during the third quarter worth $60,000. Bessemer Group Inc. acquired a new stake in shares of Innodata in the third quarter valued at about $62,000. Finally, Private Wealth Asset Management LLC purchased a new position in shares of Innodata in the third quarter worth about $77,000. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen downgraded shares of Innodata from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings cut Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. BWS Financial restated a “top pick” rating and issued a $110.00 price target on shares of Innodata in a research report on Friday, January 30th. Zacks Research cut Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Wedbush reiterated an “outperform” rating and set a $90.00 price objective on shares of Innodata in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

Innodata Price Performance

Innodata stock opened at $45.15 on Friday. Innodata Inc. has a 12-month low of $26.41 and a 12-month high of $93.85. The stock has a market cap of $1.47 billion, a P/E ratio of 49.62 and a beta of 2.46. The company has a 50-day moving average price of $52.57 and a 200 day moving average price of $58.54. The company has a current ratio of 2.68, a quick ratio of 2.69 and a debt-to-equity ratio of 0.07.

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

Innodata Company Profile

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.