SG Americas Securities LLC Decreases Position in Innodata Inc. (NASDAQ:INOD)

SG Americas Securities LLC lessened its stake in shares of Innodata Inc. (NASDAQ:INOD - Free Report) by 30.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,640 shares of the technology company's stock after selling 5,966 shares during the quarter. SG Americas Securities LLC's holdings in Innodata were worth $490,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Northern Trust Corp increased its holdings in shares of Innodata by 9.9% during the fourth quarter. Northern Trust Corp now owns 252,753 shares of the technology company's stock valued at $9,989,000 after acquiring an additional 22,808 shares in the last quarter. Strong Tower Advisory Services acquired a new stake in Innodata in the 1st quarter valued at $835,000. Palisades Investment Partners LLC increased its stake in Innodata by 6.1% during the 4th quarter. Palisades Investment Partners LLC now owns 368,651 shares of the technology company's stock valued at $14,569,000 after purchasing an additional 21,093 shares in the last quarter. Deutsche Bank AG raised its holdings in Innodata by 47.6% during the fourth quarter. Deutsche Bank AG now owns 25,018 shares of the technology company's stock worth $989,000 after buying an additional 8,063 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Innodata by 7.7% during the fourth quarter. Vanguard Group Inc. now owns 1,639,724 shares of the technology company's stock worth $64,802,000 after buying an additional 117,000 shares during the last quarter. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on INOD. BWS Financial reissued a "buy" rating and set a $74.00 target price on shares of Innodata in a research report on Monday, June 16th. Wedbush cut their price target on Innodata from $75.00 to $58.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $55.00.

Innodata Stock Down 0.6%

Shares of INOD stock traded down $0.30 on Tuesday, hitting $46.96. The stock had a trading volume of 2,806,362 shares, compared to its average volume of 1,527,031. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 2.36. The business has a 50 day moving average of $39.59 and a 200 day moving average of $41.11. Innodata Inc. has a 12-month low of $13.02 and a 12-month high of $71.00. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 45.15 and a beta of 2.65.

Innodata (NASDAQ:INOD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.05. Innodata had a net margin of 17.53% and a return on equity of 55.38%. The business had revenue of $58.34 million during the quarter, compared to the consensus estimate of $57.64 million. The firm's revenue was up 120.1% compared to the same quarter last year. As a group, analysts expect that Innodata Inc. will post 0.81 EPS for the current year.

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.