Vanguard Group Inc. Acquires 15,036 Shares of Innodata Inc. $INOD

Vanguard Group Inc. lifted its holdings in shares of Innodata Inc. (NASDAQ:INOD) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,840,491 shares of the technology company’s stock after acquiring an additional 15,036 shares during the period. Vanguard Group Inc. owned approximately 0.06% of Innodata worth $141,847,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in Innodata by 446.4% during the 1st quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company’s stock valued at $3,266,000 after purchasing an additional 74,320 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Innodata by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company’s stock worth $577,000 after purchasing an additional 711 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Innodata by 30.7% in the first quarter. Millennium Management LLC now owns 142,608 shares of the technology company’s stock valued at $5,120,000 after purchasing an additional 33,473 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Innodata by 87.1% during the second quarter. Envestnet Asset Management Inc. now owns 32,460 shares of the technology company’s stock valued at $1,663,000 after buying an additional 15,115 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Innodata during the second quarter worth $243,000. Institutional investors own 30.75% of the company’s stock.

Innodata Stock Performance

Shares of INOD opened at $43.72 on Wednesday. Innodata Inc. has a 1 year low of $26.41 and a 1 year high of $93.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.69 and a quick ratio of 2.69. The stock’s fifty day moving average price is $53.07 and its two-hundred day moving average price is $58.70. The firm has a market cap of $1.43 billion, a PE ratio of 48.04 and a beta of 2.46.

Innodata (NASDAQ:INOD) last released its quarterly earnings data on Thursday, February 26th. The technology company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The company had revenue of $72.38 million during 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 37.21%. Innodata’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. On average, equities research analysts forecast that Innodata Inc. will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on INOD. Weiss Ratings cut Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. BWS Financial reiterated a “top pick” rating and issued a $110.00 target price on shares of Innodata in a report on Friday, January 30th. Wedbush restated an “outperform” rating and set a $90.00 price target on shares of Innodata in a report on Friday, January 30th. Finally, Zacks Research lowered shares of Innodata from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.00.

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.