10,444 Shares in Innodata Inc. (NASDAQ:INOD) Purchased by Aviva PLC

Aviva PLC purchased a new position in shares of Innodata Inc. (NASDAQ:INOD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,444 shares of the technology company's stock, valued at approximately $413,000.

A number of other hedge funds have also bought and sold shares of the company. Allworth Financial LP bought a new position in shares of Innodata in the 4th quarter worth about $29,000. USA Financial Formulas bought a new position in Innodata in the fourth quarter worth about $36,000. Meeder Asset Management Inc. bought a new position in Innodata in the fourth quarter worth about $36,000. AlphaQuest LLC boosted its stake in Innodata by 79.4% in the fourth quarter. AlphaQuest LLC now owns 1,030 shares of the technology company's stock valued at $41,000 after acquiring an additional 456 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Innodata during the 4th quarter worth approximately $150,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Innodata

In other news, CFO Marissa B. Espineli sold 30,000 shares of Innodata stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $65.09, for a total transaction of $1,952,700.00. Following the sale, the chief financial officer now owns 18,000 shares of the company's stock, valued at approximately $1,171,620. This trade represents a 62.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nauman Sabeeh Toor sold 196,777 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total value of $12,672,438.80. Following the completion of the transaction, the director now directly owns 12,417 shares of the company's stock, valued at approximately $799,654.80. This trade represents a 94.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,427 shares of company stock worth $17,790,794 in the last 90 days. 15.23% of the stock is owned by company insiders.

Innodata Trading Down 4.3 %

INOD traded down $1.49 during trading on Thursday, reaching $33.29. The company had a trading volume of 321,741 shares, compared to its average volume of 1,276,935. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 39.24 and a beta of 2.66. Innodata Inc. has a 12-month low of $5.46 and a 12-month high of $71.00. The firm's 50-day simple moving average is $44.60 and its 200 day simple moving average is $37.28.

Innodata (NASDAQ:INOD - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.20. The firm had revenue of $59.18 million for the quarter, compared to the consensus estimate of $53.01 million. Innodata had a net margin of 16.81% and a return on equity of 66.36%. Equities research analysts anticipate that Innodata Inc. will post 0.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INOD. BWS Financial boosted their target price on shares of Innodata from $45.00 to $74.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Wedbush began coverage on shares of Innodata in a research report on Thursday, December 19th. They issued an "outperform" rating and a $48.00 target price for the company. Finally, Maxim Group increased their price objective on shares of Innodata from $54.00 to $75.00 and gave the company a "buy" rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Innodata has an average rating of "Moderate Buy" and an average target price of $53.00.

Innodata Profile

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.