Quantitative Investment Management LLC Makes New $1.49 Million Investment in Innodata Inc. $INOD

Quantitative Investment Management LLC acquired a new stake in Innodata Inc. (NASDAQ:INOD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 19,377 shares of the technology company’s stock, valued at approximately $1,493,000. Quantitative Investment Management LLC owned 0.06% of Innodata as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sei Investments Co. raised its position in shares of Innodata by 8.4% in the third quarter. Sei Investments Co. now owns 9,919 shares of the technology company’s stock valued at $764,000 after buying an additional 772 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Innodata by 102.7% in the third quarter. BNP Paribas Financial Markets now owns 6,171 shares of the technology company’s stock valued at $476,000 after buying an additional 3,126 shares during the period. Franklin Resources Inc. grew its position in Innodata by 10.2% during the third quarter. Franklin Resources Inc. now owns 21,958 shares of the technology company’s stock worth $1,692,000 after buying an additional 2,036 shares in the last quarter. FourThought Financial Partners LLC bought a new position in Innodata during the 3rd quarter worth $478,000. Finally, Swiss National Bank increased its stake in Innodata by 2.7% during the 3rd quarter. Swiss National Bank now owns 61,600 shares of the technology company’s stock worth $4,748,000 after acquiring an additional 1,600 shares during the period. Institutional investors and hedge funds own 30.75% of the company’s stock.

Wall Street Analyst Weigh In

INOD has been the subject of several analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Innodata in a report on Friday, January 30th. Zacks Research cut Innodata from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Wall Street Zen downgraded Innodata from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. BWS Financial reaffirmed a “top pick” rating and set a $110.00 price objective on shares of Innodata in a research report on Friday, January 30th. Finally, Weiss Ratings downgraded shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Innodata has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Innodata Stock Down 4.7%

Shares of NASDAQ INOD opened at $42.75 on Friday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 46.98 and a beta of 2.46. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.07. Innodata Inc. has a 12 month low of $26.41 and a 12 month high of $93.85. The stock has a 50-day moving average price of $52.00 and a two-hundred day moving average price of $58.71.

Innodata (NASDAQ:INOD) last posted its quarterly earnings results on Thursday, February 26th. The technology company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The company had revenue of $72.38 million for the quarter, compared to the consensus estimate of $69.47 million. Innodata had a net margin of 12.79% and a return on equity of 35.12%. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last year, the company posted $0.34 EPS. As a group, analysts forecast that Innodata Inc. will post 0.81 earnings per share for the current fiscal year.

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.