Intech Investment Management LLC Has $685,000 Holdings in Innodata Inc. $INOD

Intech Investment Management LLC grew its stake in Innodata Inc. (NASDAQ:INOD) by 96.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,447 shares of the technology company’s stock after buying an additional 6,604 shares during the quarter. Intech Investment Management LLC’s holdings in Innodata were worth $685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Arizona State Retirement System lifted its position in shares of Innodata by 2.4% in the third quarter. Arizona State Retirement System now owns 9,386 shares of the technology company’s stock worth $723,000 after purchasing an additional 217 shares in the last quarter. Prosperity Wealth Management Inc. lifted its position in shares of Innodata by 4.0% in the third quarter. Prosperity Wealth Management Inc. now owns 10,500 shares of the technology company’s stock worth $809,000 after purchasing an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Innodata by 5.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,703 shares of the technology company’s stock worth $392,000 after purchasing an additional 418 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Innodata by 74.8% in the fourth quarter. IFP Advisors Inc now owns 1,166 shares of the technology company’s stock worth $59,000 after purchasing an additional 499 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Innodata by 3.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,613 shares of the technology company’s stock worth $851,000 after purchasing an additional 528 shares in the last quarter. Institutional investors and hedge funds own 30.75% of the company’s stock.

Insider Activity

In other Innodata news, Director Louise C. Forlenza sold 18,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $94.47, for a total transaction of $1,700,460.00. Following the sale, the director directly owned 3,943 shares of the company’s stock, valued at approximately $372,495.21. This represents a 82.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Marissa B. Espineli sold 19,667 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $105.88, for a total transaction of $2,082,341.96. Following the sale, the chief financial officer directly owned 28,014 shares in the company, valued at $2,966,122.32. This trade represents a 41.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,178,826 shares of company stock valued at $112,016,456. 11.80% of the stock is owned by insiders.

Analyst Ratings Changes

INOD has been the topic of a number of research reports. Wedbush boosted their price objective on shares of Innodata from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings raised shares of Innodata from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Finally, BWS Financial reissued a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Innodata Stock Performance

NASDAQ INOD opened at $102.79 on Tuesday. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average price is $66.76 and its two-hundred day moving average price is $57.09. Innodata Inc. has a 1 year low of $34.23 and a 1 year high of $125.14. The firm has a market capitalization of $3.36 billion, a P/E ratio of 92.60 and a beta of 2.82.

Innodata (NASDAQ:INOD) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.34. Innodata had a net margin of 13.86% and a return on equity of 37.49%. The firm had revenue of $90.10 million for the quarter, compared to analyst estimates of $76.47 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 54.5% compared to the same quarter last year. As a group, research analysts anticipate that Innodata Inc. will post 1.14 EPS 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.