Rathbones Group PLC Buys Shares of 61,759 Innodata Inc. (NASDAQ:INOD)

Rathbones Group PLC purchased a new position in shares of Innodata Inc. (NASDAQ:INOD) in the second quarter, Holdings Channel reports. The fund purchased 61,759 shares of the technology company’s stock, valued at approximately $916,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Innodata by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock worth $9,639,000 after purchasing an additional 28,173 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Innodata in the 1st quarter worth approximately $8,142,000. Plustick Management LLC boosted its holdings in shares of Innodata by 2.6% in the fourth quarter. Plustick Management LLC now owns 400,000 shares of the technology company’s stock valued at $3,256,000 after acquiring an additional 10,000 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Innodata by 128.5% in the first quarter. GSA Capital Partners LLP now owns 137,664 shares of the technology company’s stock valued at $909,000 after acquiring an additional 77,410 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Innodata by 19.1% during the second quarter. Bank of New York Mellon Corp now owns 78,057 shares of the technology company’s stock valued at $1,158,000 after acquiring an additional 12,515 shares during the period. Institutional investors own 30.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on INOD. StockNews.com downgraded Innodata from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Maxim Group assumed coverage on Innodata in a research note on Monday, July 15th. They set a “buy” rating and a $30.00 target price for the company. Finally, BWS Financial lifted their target price on Innodata from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 9th.

Innodata Trading Down 4.6 %

Shares of NASDAQ:INOD opened at $14.98 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market capitalization of $430.72 million, a price-to-earnings ratio of 249.67 and a beta of 2.32. Innodata Inc. has a 1-year low of $5.46 and a 1-year high of $21.58. The company has a 50 day moving average price of $17.32 and a 200 day moving average price of $12.53.

About Innodata

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.