112,859 Shares in Innodata Inc. $INOD Acquired by RFG Advisory LLC

Key Points

• RFG Advisory LLC opened a new position in Innodata, buying 112,859 shares worth about $5.75 million and representing roughly 0.35% of the company, per its SEC filing.
• Several institutions also boosted stakes—AQR Capital increased holdings by 446.4% to 90,968 shares and Millennium Management added 33,473 shares—leaving institutional investors with about 30.75% ownership.
• Analysts have a consensus rating of "Moderate Buy" with a $100 target, and Innodata recently beat quarterly EPS estimates ($0.25 vs. $0.21) while revenue rose ~22.3% year‑over‑year.

RFG Advisory LLC purchased a new position in shares of Innodata Inc. (NASDAQ:INOD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 112,859 shares of the technology company's stock, valued at approximately $5,750,000. RFG Advisory LLC owned 0.35% of Innodata as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in INOD. AQR Capital Management LLC boosted its holdings in 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 acquiring an additional 74,320 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Innodata by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company's stock worth $577,000 after acquiring an additional 711 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Innodata by 30.7% in the 1st quarter. Millennium Management LLC now owns 142,608 shares of the technology company's stock worth $5,120,000 after purchasing an additional 33,473 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Innodata by 16.0% in the 2nd 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 in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Innodata by 1,527.3% in the 2nd 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 in the last quarter. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on INOD. Wall Street Zen raised shares of Innodata from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Innodata in a research note on Friday, April 10th. BWS Financial reissued a "top pick" rating and issued a $110.00 price objective on shares of Innodata in a research report on Friday, April 10th. Finally, Wedbush reissued an "outperform" rating and issued a $90.00 target price on shares of Innodata in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Innodata has a consensus rating of "Moderate Buy" and a consensus target price of $100.00.

Innodata Trading Down 0.2%

Shares of INOD opened at $45.64 on Wednesday. Innodata Inc. has a one year low of $31.90 and a one year high of $93.85. The stock has a 50-day moving average price of $42.64 and a 200 day moving average price of $52.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.68 and a current ratio of 2.68. The company has a market capitalization of $1.49 billion, a P/E ratio of 50.15 and a beta of 2.40.

Innodata (NASDAQ:INOD - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. Innodata had a return on equity of 35.12% and a net margin of 12.79%.The company had revenue of $72.38 million for the quarter, compared to the consensus estimate of $69.47 million. During the same period in the previous year, the business earned $0.34 EPS. Innodata's revenue for the quarter was up 22.3% compared to the same quarter last year. Sell-side analysts forecast that Innodata Inc. will post 1.01 EPS for the current fiscal year.

Innodata 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.

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