Hsbc Holdings PLC Sells 9,919 Shares of Innodata Inc. $INOD

Hsbc Holdings PLC decreased its holdings in Innodata Inc. (NASDAQ:INOD) by 44.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,352 shares of the technology company’s stock after selling 9,919 shares during the period. Hsbc Holdings PLC’s holdings in Innodata were worth $629,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of INOD. Prosperity Wealth Management Inc. boosted its holdings in Innodata by 4.0% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company’s stock worth $809,000 after buying an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Innodata by 5.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,703 shares of the technology company’s stock valued at $392,000 after acquiring an additional 418 shares during the period. Texas Yale Capital Corp. lifted its position in shares of Innodata by 5.5% during the fourth quarter. Texas Yale Capital Corp. now owns 8,440 shares of the technology company’s stock worth $430,000 after acquiring an additional 440 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Innodata by 74.8% during the fourth quarter. IFP Advisors Inc now owns 1,166 shares of the technology company’s stock worth $59,000 after acquiring an additional 499 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Innodata in the fourth quarter worth $26,000. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INOD has been the subject of several recent research reports. BWS Financial reiterated a “buy” rating on shares of Innodata in a research report on Monday, June 15th. Weiss Ratings upgraded Innodata from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Wedbush upped their price target on Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Finally, Zacks Research raised shares of Innodata from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $130.00.

Insiders Place Their Bets

In other news, CFO Marissa B. Espineli sold 19,667 shares of Innodata stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $105.88, for a total transaction of $2,082,341.96. Following the completion of the sale, the chief financial officer owned 28,014 shares in the company, valued at approximately $2,966,122.32. This trade represents a 41.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jack Abuhoff sold 200,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $110.20, for a total value of $22,040,000.00. Following the transaction, the chief executive officer directly owned 1,340,456 shares of the company’s stock, valued at $147,718,251.20. The trade was a 12.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,472,885 shares of company stock worth $143,998,492. 11.80% of the stock is currently owned by insiders.

Innodata Trading Down 2.7%

Innodata stock opened at $65.31 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.49 and a current ratio of 2.49. Innodata Inc. has a fifty-two week low of $34.23 and a fifty-two week high of $125.14. The stock has a market cap of $2.13 billion, a P/E ratio of 58.84 and a beta of 2.89. The firm’s fifty day moving average price is $88.93 and its 200-day moving average price is $62.38.

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