American Century Companies Inc. Buys 13,518 Shares of Innodata Inc. (NASDAQ:INOD)

American Century Companies Inc. raised its stake in Innodata Inc. (NASDAQ:INOD) by 41.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,307 shares of the technology company’s stock after acquiring an additional 13,518 shares during the quarter. American Century Companies Inc. owned about 0.16% of Innodata worth $1,830,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Innodata in the fourth quarter valued at approximately $569,000. Intech Investment Management LLC bought a new stake in Innodata in the 4th quarter valued at $398,000. Commonwealth Equity Services LLC acquired a new position in Innodata in the 4th quarter valued at $239,000. Prosperity Wealth Management Inc. bought a new position in Innodata during the 4th quarter worth $318,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Innodata during the fourth quarter worth $2,328,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Innodata

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 sale, the chief financial officer now owns 18,000 shares in the company, valued at $1,171,620. This trade represents a 62.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Ashok Mishra sold 48,650 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $65.07, for a total transaction of $3,165,655.50. Following the sale, the chief operating officer now directly owns 60,000 shares in the company, valued at approximately $3,904,200. The trade was a 44.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,427 shares of company stock worth $17,790,794 over the last 90 days. Insiders own 15.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Chardan Capital restated a “buy” rating and issued a $45.00 price target on shares of Innodata in a research note on Friday, December 13th. BWS Financial increased their target price on shares of Innodata from $45.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Wedbush started coverage on shares of Innodata in a research report on Thursday, December 19th. They issued an “outperform” rating and a $48.00 price target for the company. Finally, Maxim Group increased their price target on Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Innodata Stock Performance

Shares of Innodata stock opened at $32.09 on Wednesday. The company has a 50 day moving average of $44.94 and a 200-day moving average of $36.57. The company has a market cap of $1.00 billion, a PE ratio of 37.75 and a beta of 2.66. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.15. Innodata Inc. has a 1-year low of $5.46 and a 1-year high of $71.00.

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

Innodata Company Profile

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.