XTX Topco Ltd Acquires New Holdings in Innodata Inc. (NASDAQ:INOD)

Key Points

• XTX Topco Ltd has acquired a new stake in Innodata Inc., purchasing 19,658 shares valued at approximately $706,000, representing a 0.06% ownership interest.
• Innodata reported an earnings per share (EPS) of $0.20 for the last quarter, exceeding analyst expectations, and saw a 79.7% increase in quarterly revenue year-over-year.
• Several analysts have given Innodata a moderate buy rating, with an average price target of $55.00, although Wedbush has reduced its target from $75.00 to $58.00.

XTX Topco Ltd acquired a new stake in shares of Innodata Inc. (NASDAQ:INOD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,658 shares of the technology company's stock, valued at approximately $706,000. XTX Topco Ltd owned 0.06% of Innodata as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of INOD. Creative Financial Designs Inc. ADV acquired a new position in shares of Innodata in the first quarter valued at approximately $29,000. KBC Group NV acquired a new position in shares of Innodata in the first quarter valued at approximately $52,000. Motco acquired a new position in shares of Innodata in the first quarter valued at approximately $72,000. USA Financial Formulas boosted its holdings in shares of Innodata by 180.5% in the first quarter. USA Financial Formulas now owns 2,533 shares of the technology company's stock valued at $91,000 after buying an additional 1,630 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Innodata in the first quarter valued at approximately $177,000. Institutional investors and hedge funds own 30.75% of the company's stock.

Innodata Stock Performance

Shares of INOD stock opened at $44.84 on Tuesday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The company's fifty day simple moving average is $46.87 and its 200-day simple moving average is $43.07. The firm has a market cap of $1.43 billion, a PE ratio of 36.16 and a beta of 2.75. Innodata Inc. has a 12 month low of $13.02 and a 12 month high of $71.00.

Innodata (NASDAQ:INOD - Get Free Report) last released its earnings results on Thursday, July 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.09. The business had revenue of $58.39 million for the quarter, compared to the consensus estimate of $56.35 million. Innodata had a return on equity of 59.61% and a net margin of 18.71%. The company's quarterly revenue was up 79.7% on a year-over-year basis. Equities research analysts expect that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wedbush reduced their price target on shares of Innodata from $75.00 to $58.00 and set an "outperform" rating for the company in a report on Friday, May 9th. BWS Financial reiterated a "buy" rating and issued a $74.00 price target on shares of Innodata in a report on Monday, June 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate 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.

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