Intech Investment Management LLC Has $685,000 Position in Innodata Inc. $INOD

Intech Investment Management LLC raised its stake in Innodata Inc. (NASDAQ:INOD) by 96.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,447 shares of the technology company’s stock after buying an additional 6,604 shares during the period. Intech Investment Management LLC’s holdings in Innodata were worth $685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of INOD. AQR Capital Management LLC increased its holdings in shares of Innodata by 446.4% in the first quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company’s stock valued at $3,266,000 after purchasing an additional 74,320 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Innodata by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company’s stock valued at $577,000 after purchasing an additional 711 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Innodata by 30.7% in the first quarter. Millennium Management LLC now owns 142,608 shares of the technology company’s stock valued at $5,120,000 after purchasing an additional 33,473 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Innodata by 16.0% in the second quarter. JPMorgan Chase & Co. now owns 20,375 shares of the technology company’s stock valued at $1,044,000 after purchasing an additional 2,816 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Innodata by 1,527.3% in the second quarter. Russell Investments Group Ltd. now owns 9,422 shares of the technology company’s stock valued at $483,000 after purchasing an additional 8,843 shares during the last quarter. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INOD has been the topic of several research reports. Wedbush upped their price objective on shares of Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Weiss Ratings upgraded shares of Innodata from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. BWS Financial restated a “top pick” rating and issued a $110.00 price target on shares of Innodata in a research note on Friday, April 10th. Finally, Wall Street Zen upgraded shares of Innodata from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Innodata Trading Up 0.8%

Shares of Innodata stock opened at $102.79 on Tuesday. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 92.60 and a beta of 2.82. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. Innodata Inc. has a 12-month low of $34.23 and a 12-month high of $125.14. The firm’s 50-day moving average price is $66.76 and its two-hundred day moving average price is $57.09.

Innodata (NASDAQ:INOD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.34. The firm had revenue of $90.10 million for the quarter, compared to the consensus estimate of $76.47 million. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The business’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. On average, analysts forecast that Innodata Inc. will post 1.14 earnings per share for the current fiscal year.

Insider Transactions at Innodata

In other news, COO Ashok Mishra sold 242,901 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $90.15, for a total value of $21,897,525.15. Following the completion of the transaction, the chief operating officer owned 95,179 shares of the company’s stock, valued at approximately $8,580,386.85. This represents a 71.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Abuhoff sold 150,000 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $94.39, for a total transaction of $14,158,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,340,456 shares of the company’s stock, valued at $126,525,641.84. This trade represents a 10.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,178,826 shares of company stock valued at $112,016,456 in the last three months. Company insiders own 11.80% of the company’s stock.

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.