Nomura Asset Management Co. Ltd. Sells 10,600 Shares of Innodata Inc. $INOD

Nomura Asset Management Co. Ltd. reduced its stake in Innodata Inc. (NASDAQ:INOD) by 7.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 126,900 shares of the technology company’s stock after selling 10,600 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Innodata were worth $6,466,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Texas Yale Capital Corp. raised its holdings in Innodata by 5.5% in the 4th quarter. Texas Yale Capital Corp. now owns 8,440 shares of the technology company’s stock worth $430,000 after purchasing an additional 440 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Innodata during the fourth quarter valued at about $26,000. Intech Investment Management LLC raised its holdings in Innodata by 96.5% during the fourth quarter. Intech Investment Management LLC now owns 13,447 shares of the technology company’s stock valued at $685,000 after acquiring an additional 6,604 shares during the period. Geode Capital Management LLC raised its holdings in Innodata by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 752,795 shares of the technology company’s stock valued at $38,362,000 after acquiring an additional 2,407 shares during the period. Finally, Bleakley Financial Group LLC bought a new stake in Innodata during the fourth quarter valued at about $900,000. 30.75% of the stock is owned by institutional investors.

Insider Transactions at Innodata

In other news, CFO Marissa B. Espineli sold 19,667 shares of Innodata stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $105.88, for a total value of $2,082,341.96. Following the sale, the chief financial officer directly owned 28,014 shares of the company’s stock, valued at approximately $2,966,122.32. The trade was a 41.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Ashok Mishra sold 38,666 shares of Innodata stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $114.34, for a total value of $4,421,070.44. Following the completion of the sale, the chief operating officer directly owned 83,179 shares in the company, valued at $9,510,686.86. This trade represents a 31.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,178,826 shares of company stock valued at $112,016,456. 11.80% of the stock is owned by company insiders.

Innodata Price Performance

NASDAQ:INOD opened at $108.27 on Thursday. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The business’s 50-day simple moving average is $62.81 and its two-hundred day simple moving average is $55.98. The stock has a market cap of $3.54 billion, a PE ratio of 97.54 and a beta of 2.83. Innodata Inc. has a 52 week low of $34.23 and a 52 week high of $118.45.

Innodata (NASDAQ:INOD) last issued its 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 return on equity of 37.49% and a net margin of 13.86%.The firm had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $76.47 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The business’s revenue was up 54.5% compared to the same quarter last year. As a group, analysts forecast that Innodata Inc. will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on INOD shares. Wall Street Zen raised Innodata from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Wedbush raised their price target on Innodata from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. BWS Financial reissued a “top pick” rating and set a $110.00 price target on shares of Innodata in a report on Friday, April 10th. Finally, Weiss Ratings cut Innodata from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. One equities 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 stock. According to data from MarketBeat, Innodata presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

Innodata 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.