Dimensional Fund Advisors LP Has $22.52 Million Stock Holdings in Innodata Inc. $INOD

Dimensional Fund Advisors LP raised its holdings in shares of Innodata Inc. (NASDAQ:INOD) by 32.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 583,239 shares of the technology company’s stock after buying an additional 142,192 shares during the period. Dimensional Fund Advisors LP’s holdings in Innodata were worth $22,517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INOD. Parallel Advisors LLC raised its stake in Innodata by 51.4% in the first quarter. Parallel Advisors LLC now owns 2,413 shares of the technology company’s stock valued at $93,000 after buying an additional 819 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Innodata by 10.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,262 shares of the technology company’s stock worth $248,000 after acquiring an additional 587 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Innodata by 64.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 24,273 shares of the technology company’s stock worth $937,000 after acquiring an additional 9,483 shares during the period. Fifth Third Bancorp acquired a new position in shares of Innodata during the 1st quarter worth approximately $45,000. Finally, Quantum Portfolio Management LLC raised its stake in Innodata by 7.6% in the 1st quarter. Quantum Portfolio Management LLC now owns 7,192 shares of the technology company’s stock valued at $278,000 after acquiring an additional 505 shares during the period. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Innodata Price Performance

Innodata stock opened at $65.48 on Friday. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 58.99 and a beta of 2.92. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.07. Innodata Inc. has a 12 month low of $34.23 and a 12 month high of $125.14. The stock’s 50 day moving average is $79.62 and its 200-day moving average is $62.74.

Innodata (NASDAQ:INOD) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.20. The business had revenue of $92.14 million during the quarter, compared to analysts’ expectations of $86.31 million. Innodata had a return on equity of 37.49% and a net margin of 13.86%.The firm’s revenue for the quarter was up 57.8% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. Equities research analysts expect that Innodata Inc. will post 1.08 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Weiss Ratings downgraded Innodata from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Wedbush upped their price objective on shares of Innodata from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Zacks Research raised shares of Innodata from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, BWS Financial restated a “buy” rating on shares of Innodata in a research note on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $130.00.

Insider Buying and Selling at Innodata

In other news, COO Ashok Mishra sold 242,901 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $90.15, for a total value of $21,897,525.15. Following the completion of the sale, the chief operating officer owned 95,179 shares of the company’s stock, valued at approximately $8,580,386.85. The trade was a 71.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jack Abuhoff sold 200,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $110.20, for a total transaction of $22,040,000.00. Following the completion of the transaction, the chief executive officer owned 1,340,456 shares in the company, valued at $147,718,251.20. This trade represents a 12.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,472,885 shares of company stock worth $143,998,492 in the last quarter. Company insiders own 11.80% of the company’s stock.

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.