Vanguard Group Inc. increased its holdings in shares of Innodata Inc. (NASDAQ:INOD - Free Report) by 7.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,760,354 shares of the technology company's stock after buying an additional 120,630 shares during the quarter. Vanguard Group Inc. owned 5.55% of Innodata worth $63,197,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of INOD. D. E. Shaw & Co. Inc. raised its holdings in shares of Innodata by 1,718.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 944,611 shares of the technology company's stock worth $37,331,000 after acquiring an additional 892,663 shares in the last quarter. Yong Rong HK Asset Management Ltd bought a new stake in Innodata in the first quarter worth $28,548,000. Driehaus Capital Management LLC acquired a new position in Innodata during the fourth quarter valued at approximately $16,713,000. Wellington Management Group LLP acquired a new position in Innodata during the fourth quarter valued at approximately $11,283,000. Finally, Ameriprise Financial Inc. grew its holdings in Innodata by 322.9% during the fourth quarter. Ameriprise Financial Inc. now owns 318,096 shares of the technology company's stock valued at $13,649,000 after purchasing an additional 242,871 shares during the last quarter. 30.75% of the stock is owned by institutional investors and hedge funds.
Innodata Price Performance
NASDAQ:INOD traded down $1.53 during mid-day trading on Friday, hitting $37.98. The company's stock had a trading volume of 1,309,900 shares, compared to its average volume of 2,336,393. Innodata Inc. has a fifty-two week low of $13.02 and a fifty-two week high of $71.00. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 30.63 and a beta of 2.75. The stock has a fifty day moving average of $45.72 and a 200-day moving average of $43.31.
Innodata (NASDAQ:INOD - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The technology company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.09. The firm had revenue of $58.39 million for the quarter, compared to analyst estimates of $56.35 million. Innodata had a net margin of 18.71% and a return on equity of 54.27%. The firm's revenue for the quarter was up 79.7% on a year-over-year basis. As a group, equities analysts forecast that Innodata Inc. will post 0.81 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on INOD shares. BWS Financial reaffirmed a "buy" rating and issued a $74.00 price target on shares of Innodata in a research report on Monday, June 16th. Wedbush lowered their price target on Innodata from $75.00 to $58.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Innodata currently has a consensus rating of "Buy" and an average price target of $55.00.
Get Our Latest Stock Analysis on Innodata
Innodata Company Profile
(
Free Report)
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.
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