Dimensional Fund Advisors LP Has $11.08 Million Stock Position in Innodata Inc. (NASDAQ:INOD)

Dimensional Fund Advisors LP increased its position in Innodata Inc. (NASDAQ:INOD - Free Report) by 58.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 280,297 shares of the technology company's stock after buying an additional 103,431 shares during the quarter. Dimensional Fund Advisors LP owned about 0.97% of Innodata worth $11,080,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in shares of Innodata in the 4th quarter worth about $29,000. USA Financial Formulas purchased a new position in Innodata in the fourth quarter valued at approximately $36,000. Meeder Asset Management Inc. acquired a new position in Innodata during the fourth quarter valued at approximately $36,000. AlphaQuest LLC increased its position in shares of Innodata by 79.4% in the fourth quarter. AlphaQuest LLC now owns 1,030 shares of the technology company's stock worth $41,000 after acquiring an additional 456 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Innodata in the fourth quarter worth $150,000. Institutional investors and hedge funds own 30.75% of the company's stock.

Innodata Stock Performance

Innodata stock traded up $0.24 during mid-day trading on Thursday, reaching $35.11. The company's stock had a trading volume of 573,537 shares, compared to its average volume of 1,314,039. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $37.92 and a 200-day moving average price of $39.92. Innodata Inc. has a twelve month low of $11.02 and a twelve month high of $71.00. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 41.06 and a beta of 2.75.

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 for the quarter, beating the consensus estimate of $0.17 by $0.05. Innodata had a net margin of 16.81% and a return on equity of 66.36%. The firm had revenue of $58.34 million for the quarter, compared to the consensus estimate of $57.64 million. The firm's quarterly revenue was up 120.1% on a year-over-year basis. Sell-side analysts predict that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Insider Activity at Innodata

In related news, CFO Marissa B. Espineli sold 30,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $65.09, for a total transaction of $1,952,700.00. Following the transaction, the chief financial officer now directly owns 18,000 shares of the company's stock, valued at approximately $1,171,620. The trade was a 62.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nauman Sabeeh Toor sold 196,777 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total transaction of $12,672,438.80. Following the completion of the sale, the director now directly owns 12,417 shares of the company's stock, valued at $799,654.80. This trade represents a 94.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,427 shares of company stock worth $17,790,794 in the last 90 days. Corporate insiders own 12.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on INOD. Maxim Group raised their target price on Innodata from $54.00 to $75.00 and gave the company a "buy" rating in a report on Friday, February 21st. Wedbush reduced their target price on Innodata from $75.00 to $58.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, BWS Financial upped their target price on shares of Innodata from $45.00 to $74.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.00.

Innodata 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.