Charles Schwab Investment Management Inc. Lowers Holdings in Innodata Inc. (NASDAQ:INOD)

Charles Schwab Investment Management Inc. lowered its position in shares of Innodata Inc. (NASDAQ:INOD) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,011 shares of the technology company’s stock after selling 943 shares during the period. Charles Schwab Investment Management Inc. owned about 0.26% of Innodata worth $3,004,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in INOD. Allworth Financial LP bought a new stake in shares of Innodata in the 4th quarter valued at about $29,000. USA Financial Formulas purchased a new position in Innodata during the fourth quarter valued at approximately $36,000. Principal Financial Group Inc. raised its stake in Innodata by 9.9% in the fourth quarter. Principal Financial Group Inc. now owns 20,386 shares of the technology company’s stock worth $806,000 after buying an additional 1,828 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Innodata by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 14,408 shares of the technology company’s stock worth $242,000 after buying an additional 2,099 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Innodata by 38.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock valued at $225,000 after acquiring an additional 3,739 shares in the last quarter. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Insiders Place Their Bets

In other Innodata news, CFO Marissa B. Espineli sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.09, for a total value of $1,952,700.00. Following the completion of the transaction, the chief financial officer now owns 18,000 shares of the company’s stock, valued at $1,171,620. This trade represents a 62.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Nauman Sabeeh Toor sold 196,777 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $64.40, for a total value of $12,672,438.80. Following the transaction, the director now directly owns 12,417 shares of the company’s stock, valued at $799,654.80. The trade was a 94.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 275,427 shares of company stock valued at $17,790,794 over the last ninety days. Company insiders own 15.23% of the company’s stock.

Innodata Trading Down 3.4 %

Shares of NASDAQ:INOD opened at $39.83 on Friday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 46.86 and a beta of 2.59. Innodata Inc. has a 1 year low of $5.46 and a 1 year high of $71.00. The business’s 50 day moving average price is $45.45 and its 200-day moving average price is $35.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84.

Innodata (NASDAQ:INOD) last issued its earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.20. Innodata had a return on equity of 66.36% and a net margin of 16.81%. The business had revenue of $59.18 million for the quarter, compared to analysts’ expectations of $53.01 million. On average, equities research analysts forecast that Innodata Inc. will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on INOD. Chardan Capital reiterated a “buy” rating and issued a $45.00 target price on shares of Innodata in a report on Friday, December 13th. BWS Financial boosted their price target on Innodata from $45.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Maxim Group increased their price objective on shares of Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Wedbush assumed coverage on Innodata in a research report on Thursday, December 19th. They set an “outperform” rating and a $48.00 price target for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Innodata has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

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.