Rathbones Group PLC Has $4.86 Million Stock Position in Innodata Inc. (NASDAQ:INOD)

Rathbones Group PLC increased its stake in shares of Innodata Inc. (NASDAQ:INOD) by 42.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 123,014 shares of the technology company’s stock after acquiring an additional 36,605 shares during the period. Rathbones Group PLC’s holdings in Innodata were worth $4,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Jennison Associates LLC acquired a new position in Innodata during the fourth quarter worth $402,000. Principal Financial Group Inc. bought a new stake in shares of Innodata in the 3rd quarter worth about $311,000. Geode Capital Management LLC increased its position in shares of Innodata by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company’s stock worth $10,294,000 after purchasing an additional 13,609 shares in the last quarter. Silverleafe Capital Partners LLC bought a new position in Innodata during the 4th quarter valued at about $913,000. Finally, Calamos Advisors LLC acquired a new position in Innodata in the fourth quarter valued at about $283,000. Institutional investors own 30.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INOD. BWS Financial raised their price objective on shares of Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Wedbush started coverage on Innodata in a research report on Thursday, December 19th. They issued an “outperform” rating and a $48.00 price objective for the company. Chardan Capital reissued a “buy” rating and issued a $45.00 price objective on shares of Innodata in a research note on Friday, December 13th. Finally, Maxim Group raised their target price on Innodata from $54.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

Insiders Place Their Bets

In related news, CFO Marissa B. Espineli sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $65.09, for a total value of $1,952,700.00. Following the completion of the sale, the chief financial officer now owns 18,000 shares in the company, valued at approximately $1,171,620. This represents a 62.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Ashok Mishra sold 48,650 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $65.07, for a total value of $3,165,655.50. Following the transaction, the chief operating officer now owns 60,000 shares in the company, valued at approximately $3,904,200. This trade represents a 44.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 275,427 shares of company stock valued at $17,790,794. Company insiders own 15.23% of the company’s stock.

Innodata Trading Up 6.2 %

Shares of INOD opened at $31.83 on Tuesday. The stock’s fifty day simple moving average is $45.02 and its 200-day simple moving average is $36.48. The firm has a market capitalization of $996.28 million, a PE ratio of 37.45 and a beta of 2.66. Innodata Inc. has a 12-month low of $5.46 and a 12-month high of $71.00. 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 (NASDAQ:INOD) last issued its earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.20. The company had revenue of $59.18 million for the quarter, compared to analyst estimates of $53.01 million. Innodata had a net margin of 16.81% and a return on equity of 66.36%. As a group, research analysts predict that Innodata Inc. will post 0.81 earnings per share for the current year.

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.