Janus Henderson Group PLC Lowers Position in Innodata Inc. (NASDAQ:INOD)

Janus Henderson Group PLC lessened its stake in Innodata Inc. (NASDAQ:INOD - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 652,860 shares of the technology company's stock after selling 127,376 shares during the quarter. Janus Henderson Group PLC owned about 2.25% of Innodata worth $25,801,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. D. E. Shaw & Co. Inc. raised its position in Innodata by 1,718.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 944,611 shares of the technology company's stock valued at $37,331,000 after purchasing an additional 892,663 shares during the period. Driehaus Capital Management LLC purchased a new position in Innodata during the fourth quarter worth about $16,713,000. JPMorgan Chase & Co. increased its position in shares of Innodata by 2,038.4% during the fourth quarter. JPMorgan Chase & Co. now owns 308,095 shares of the technology company's stock valued at $12,176,000 after acquiring an additional 293,687 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Innodata in the 4th quarter valued at approximately $11,283,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Innodata by 322.9% in the 4th quarter. Ameriprise Financial Inc. now owns 318,096 shares of the technology company's stock worth $13,649,000 after acquiring an additional 242,871 shares during the last quarter. 30.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on INOD shares. Maxim Group increased their price objective on shares of Innodata from $54.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. BWS Financial raised their price target on Innodata from $45.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Wedbush dropped their price objective 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 investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.00.

Innodata Stock Up 4.8%

Innodata stock traded up $1.76 during mid-day trading on Monday, reaching $38.49. 1,708,193 shares of the company's stock were exchanged, compared to its average volume of 1,325,862. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. Innodata Inc. has a twelve month low of $11.87 and a twelve month high of $71.00. The company has a market cap of $1.22 billion, a P/E ratio of 45.28 and a beta of 2.75. The company has a fifty day moving average of $37.70 and a 200-day moving average of $40.40.

Innodata (NASDAQ:INOD - Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $57.64 million. The firm's revenue was up 120.1% compared to the same quarter last year. Sell-side analysts expect that Innodata Inc. will post 0.81 EPS for the current year.

Insider Activity at Innodata

In other Innodata news, CFO Marissa B. Espineli sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total value of $1,952,700.00. Following the transaction, the chief financial officer now directly owns 18,000 shares in the company, valued at $1,171,620. This represents a 62.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nauman Sabeeh Toor sold 196,777 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were 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 owns 12,417 shares of the company's stock, valued at approximately $799,654.80. This trade represents a 94.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,427 shares of company stock valued at $17,790,794 over the last quarter. 12.20% of the stock is owned by insiders.

About Innodata

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.