Axiom Investors LLC DE Purchases Shares of 42,671 Innodata Inc. $INOD

Key Points

• Axiom Investors LLC DE has made a new investment of approximately $1.53 million in Innodata Inc. by acquiring 42,671 shares in the first quarter of the year.
• Innodata reported earnings per share of $0.20 for its latest quarter, exceeding analyst expectations, with a revenue increase of 79.7% year-over-year.
• The company's stock has a market capitalization of $1.23 billion and has a consensus rating of "Buy" from analysts, with an average target price of $55.00.

Axiom Investors LLC DE acquired a new position in shares of Innodata Inc. (NASDAQ:INOD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 42,671 shares of the technology company's stock, valued at approximately $1,532,000. Axiom Investors LLC DE owned approximately 0.13% of Innodata at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INOD. Creative Financial Designs Inc. ADV bought a new stake in Innodata in the first quarter valued at about $29,000. KBC Group NV bought a new stake in Innodata in the first quarter valued at about $52,000. Motco bought a new stake in Innodata in the first quarter valued at about $72,000. AlphaQuest LLC increased its holdings in Innodata by 137.2% in the first quarter. AlphaQuest LLC now owns 2,443 shares of the technology company's stock valued at $88,000 after buying an additional 1,413 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Innodata in the first quarter valued at about $90,000. Hedge funds and other institutional investors own 30.75% of the company's stock.

Innodata Stock Performance

Shares of NASDAQ INOD traded up $0.44 during midday trading on Thursday, hitting $39.51. 1,144,656 shares of the company's stock were exchanged, compared to its average volume of 2,161,853. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.87 and a quick ratio of 2.87. The stock's 50 day moving average price is $45.95 and its 200-day moving average price is $43.34. The firm has a market cap of $1.26 billion, a P/E ratio of 31.86 and a beta of 2.75. Innodata Inc. has a twelve month low of $13.02 and a twelve month high of $71.00.

Innodata (NASDAQ:INOD - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.09. Innodata had a net margin of 18.71% and a return on equity of 54.27%. The business had revenue of $58.39 million during the quarter, compared to analysts' expectations of $56.35 million. Innodata's revenue for the quarter was up 79.7% compared to the same quarter last year. Equities research analysts anticipate that Innodata Inc. will post 0.81 EPS for the current year.

Analysts Set New Price Targets

INOD has been the subject of several research analyst reports. BWS Financial reissued a "buy" rating and issued a $74.00 price objective on shares of Innodata in a report on Monday, June 16th. Wedbush lowered their price objective on Innodata from $75.00 to $58.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $55.00.

Innodata Company 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.