Rathbones Group PLC Increases Stock Holdings in Innodata Inc. $INOD

Rathbones Group PLC boosted its holdings in Innodata Inc. (NASDAQ:INOD) by 20.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,247 shares of the technology company’s stock after purchasing an additional 24,837 shares during the quarter. Rathbones Group PLC’s holdings in Innodata were worth $5,571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Glenmede Trust Co. NA boosted its stake in Innodata by 3.5% in the 1st quarter. Glenmede Trust Co. NA now owns 7,336 shares of the technology company’s stock worth $283,000 after buying an additional 248 shares during the last quarter. Prosperity Wealth Management Inc. increased its stake in shares of Innodata by 4.0% during the 3rd quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company’s stock valued at $809,000 after acquiring an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Innodata by 5.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,703 shares of the technology company’s stock worth $392,000 after acquiring an additional 418 shares during the period. Texas Yale Capital Corp. lifted its holdings in shares of Innodata by 5.5% during the 4th 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 during the period. Finally, IFP Advisors Inc boosted its position in shares of Innodata by 74.8% in 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 during the last quarter. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on INOD. Wedbush upped their price target on shares of Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Weiss Ratings lowered shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. BWS Financial reissued a “buy” rating on shares of Innodata in a research note on Monday, June 15th. Finally, Zacks Research upgraded Innodata from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $130.00.

Innodata Trading Up 0.7%

Shares of INOD stock opened at $63.26 on Tuesday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 56.99 and a beta of 2.89. 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 fifty-two week low of $34.23 and a fifty-two week high of $125.14. The firm’s 50 day moving average price is $81.20 and its two-hundred day moving average price is $62.58.

Innodata (NASDAQ:INOD) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.34. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The company had revenue of $90.10 million during the quarter, compared to analyst estimates of $76.47 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The business’s quarterly revenue was up 54.5% compared to the same quarter last year. On average, analysts anticipate that Innodata Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling

In other Innodata news, CEO Jack Abuhoff sold 200,000 shares of the firm’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. This trade represents a 12.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Ashok Mishra sold 38,666 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $114.34, for a total value of $4,421,070.44. Following the completion of the transaction, the chief operating officer directly owned 83,179 shares in the company, valued at $9,510,686.86. This trade represents a 31.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,472,885 shares of company stock valued at $143,998,492 in the last 90 days. 11.80% of the stock is currently owned by company insiders.

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.