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

Vanguard Group Inc. raised its holdings in Innodata Inc. (NASDAQ:INOD) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 about 5.78% of Innodata worth $141,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new stake in shares of Innodata during the 3rd quarter valued at approximately $50,000. Silver Oak Securities Incorporated bought a new stake in shares of Innodata during the third quarter worth $60,000. Hollencrest Capital Management acquired a new position in shares of Innodata during the third quarter worth $60,000. Bessemer Group Inc. acquired a new position in shares of Innodata during the third quarter worth $62,000. Finally, Private Wealth Asset Management LLC bought a new position in shares of Innodata in the 3rd quarter valued at $77,000. Institutional investors own 30.75% of the company’s stock.

Innodata Price Performance

INOD stock opened at $43.72 on Wednesday. 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 company’s 50-day moving average is $53.07 and its 200-day moving average is $58.70. The stock has a market capitalization of $1.43 billion, a PE ratio of 48.04 and a beta of 2.46. Innodata Inc. has a 1 year low of $26.41 and a 1 year high of $93.85.

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, topping analysts’ consensus estimates of $0.21 by $0.04. Innodata had a return on equity of 37.21% and a net margin of 12.79%.The business had revenue of $72.38 million for the quarter, compared to the consensus estimate of $69.47 million. During the same period in the prior year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities research analysts expect that Innodata Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on INOD shares. Zacks Research cut Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. BWS Financial reaffirmed 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 downgraded shares of Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Wedbush reissued an “outperform” rating and set a $90.00 target price on shares of Innodata in a report on Friday, January 30th. One investment 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.