Innodata Inc. $INOD Shares Sold by Rathbones Group PLC

Rathbones Group PLC lowered its stake in shares of Innodata Inc. (NASDAQ:INOD) by 17.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,410 shares of the technology company’s stock after selling 25,174 shares during the quarter. Rathbones Group PLC’s holdings in Innodata were worth $6,084,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of INOD. Global Retirement Partners LLC acquired a new position in shares of Innodata during the third quarter valued at about $50,000. IFP Advisors Inc increased its holdings in shares of Innodata by 1,567.5% during the third quarter. IFP Advisors Inc now owns 667 shares of the technology company’s stock valued at $51,000 after acquiring an additional 627 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in shares of Innodata during the third quarter valued at about $52,000. FNY Investment Advisers LLC increased its holdings in shares of Innodata by 2,675.0% during the fourth quarter. FNY Investment Advisers LLC now owns 1,030 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,070 shares in the last quarter. Finally, Silver Oak Securities Incorporated acquired a new position in shares of Innodata during the third quarter valued at about $60,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INOD. Weiss Ratings downgraded shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Wedbush restated an “outperform” rating and set a $90.00 price objective on shares of Innodata in a report on Friday, January 30th. BWS Financial reiterated a “top pick” rating and issued a $110.00 target price on shares of Innodata in a research report on Friday, January 30th. Wall Street Zen upgraded Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Zacks Research lowered Innodata from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

Innodata Price Performance

Shares of NASDAQ INOD opened at $39.10 on Tuesday. The business’s 50 day moving average price is $45.26 and its 200 day moving average price is $57.87. The firm has a market cap of $1.27 billion, a P/E ratio of 42.97 and a beta of 2.50. Innodata Inc. has a 52 week low of $26.41 and a 52 week high of $93.85. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.07.

Innodata (NASDAQ:INOD) last issued its earnings results on Thursday, February 26th. The technology company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $72.38 million for the quarter, compared to analyst estimates of $69.47 million. Innodata had a return on equity of 35.12% and a net margin of 12.79%.Innodata’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share. On average, sell-side analysts expect that Innodata Inc. will post 0.81 earnings per share for the current year.

About Innodata

Innodata Inc (NASDAQ: INOD) is a digital services and technology company that specializes in data engineering and artificial intelligence solutions. Founded in 1988 and headquartered in East Brunswick, New Jersey, the company provides structured content and digital transformation services to publishers, media companies, legal and compliance organizations, and other information-intensive industries. Innodata’s platform enables clients to convert unstructured text, images and multimedia into high‐quality, machine‐readable formats that support search, analytics and AI model training.

The firm’s offerings include content enrichment, metadata management, taxonomy development, digital asset management and data annotation services.