UBS Group AG boosted its holdings in shares of Innodata Inc. (NASDAQ:INOD – Free Report) by 37.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 350,928 shares of the technology company’s stock after acquiring an additional 95,002 shares during the period. UBS Group AG’s holdings in Innodata were worth $17,880,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Innodata by 0.8% during the third quarter. Vanguard Group Inc. now owns 1,840,491 shares of the technology company’s stock worth $141,847,000 after purchasing an additional 15,036 shares during the period. Plustick Management LLC grew its position in shares of Innodata by 1.4% in the 3rd quarter. Plustick Management LLC now owns 360,000 shares of the technology company’s stock valued at $27,745,000 after purchasing an additional 5,000 shares during the period. First Trust Advisors LP grew its position in shares of Innodata by 51.7% in the 3rd quarter. First Trust Advisors LP now owns 231,740 shares of the technology company’s stock valued at $17,860,000 after purchasing an additional 78,963 shares during the period. Ameriprise Financial Inc. increased its stake in Innodata by 33.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 222,374 shares of the technology company’s stock worth $11,392,000 after purchasing an additional 55,168 shares in the last quarter. Finally, HRT Financial LP increased its stake in Innodata by 746.1% during the 2nd quarter. HRT Financial LP now owns 218,635 shares of the technology company’s stock worth $11,198,000 after purchasing an additional 192,794 shares in the last quarter. 30.75% of the stock is owned by institutional investors and hedge funds.
More Innodata News
Here are the key news stories impacting Innodata this week:
- Positive Sentiment: Innodata’s Q1 results were described as “blowout” earnings, with the company highlighting strong demand and upbeat commentary on its earnings call. The stock also got a lift from reports that profits nearly doubled and revenue jumped 54% to a record $90.1 million, reinforcing the idea that AI-related data demand is driving growth. Article Title
- Positive Sentiment: Management raised full-year growth guidance again, which suggests momentum is continuing and may support further upside if execution stays strong. Article Title
- Neutral Sentiment: Trading activity has been elevated, with unusual call buying earlier in the week and heavy put buying more recently. That points to very high investor interest and disagreement about how much of the rally is already priced in.
- Neutral Sentiment: Maxim Group trimmed its 2027 EPS estimates for several quarters, which could temper enthusiasm somewhat, but the cuts do not appear to have outweighed the strong near-term operating results so far.
- Negative Sentiment: The stock may be seeing some profit-taking after a sharp run-up, and bearish options activity suggests some traders are positioning for a pullback after the recent surge. Article Title
Innodata Stock Down 11.3%
Innodata (NASDAQ:INOD – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $76.47 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The business’s revenue was up 54.5% on a year-over-year basis. On average, sell-side analysts expect that Innodata Inc. will post 0.93 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on INOD. BWS Financial reaffirmed a “top pick” rating and issued a $110.00 price target on shares of Innodata in a research note on Friday, April 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Innodata in a research report on Friday, April 10th. Wedbush raised their price objective on shares of Innodata from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Wall Street Zen raised shares of Innodata from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.
Get Our Latest Stock Analysis on INOD
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.
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