New York State Common Retirement Fund Sells 142,400 Shares of Innodata Inc. $INOD

New York State Common Retirement Fund lessened its stake in shares of Innodata Inc. (NASDAQ:INOD) by 93.3% during the third quarter, Holdings Channel.com reports. The fund owned 10,222 shares of the technology company’s stock after selling 142,400 shares during the period. New York State Common Retirement Fund’s holdings in Innodata were worth $788,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of INOD. Global Retirement Partners LLC bought a new stake in Innodata during the third quarter worth about $50,000. Silver Oak Securities Incorporated bought a new position in shares of Innodata in the 3rd quarter valued at $60,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Innodata by 137.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,900 shares of the technology company’s stock worth $97,000 after buying an additional 1,100 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Innodata by 1,168.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,157 shares of the technology company’s stock worth $110,000 after buying an additional 1,987 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in Innodata in the second quarter valued at about $127,000. Institutional investors own 30.75% of the company’s stock.

Innodata Price Performance

INOD stock opened at $47.55 on Wednesday. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 49.02 and a beta of 2.42. The company’s fifty day simple moving average is $55.83 and its 200 day simple moving average is $58.71. Innodata Inc. has a 12-month low of $26.41 and a 12-month high of $93.85.

Analysts Set New Price Targets

INOD has been the subject of several research reports. BWS Financial reissued a “top pick” rating and issued a $110.00 price objective on shares of Innodata in a research note on Friday, January 30th. Weiss Ratings cut Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Zacks Research lowered Innodata from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Innodata in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.67.

Innodata Company Profile

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.