Dimensional Fund Advisors LP lifted its holdings in shares of Inovalon Holdings Inc (NASDAQ:INOV) by 5.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,204 shares of the technology company’s stock after acquiring an additional 3,831 shares during the quarter. Dimensional Fund Advisors LP owned 0.05% of Inovalon worth $1,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Advisor Group Inc. increased its position in shares of Inovalon by 24.8% during the second quarter. Advisor Group Inc. now owns 10,191 shares of the technology company’s stock valued at $134,000 after acquiring an additional 2,023 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Inovalon by 18.7% during the second quarter. Voya Investment Management LLC now owns 28,393 shares of the technology company’s stock valued at $373,000 after acquiring an additional 4,469 shares during the last quarter. Prentiss Smith & Co. Inc. increased its position in shares of Inovalon by 2.3% during the third quarter. Prentiss Smith & Co. Inc. now owns 438,545 shares of the technology company’s stock valued at $7,477,000 after acquiring an additional 9,768 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Inovalon during the second quarter valued at approximately $154,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Inovalon during the second quarter valued at approximately $157,000. 27.95% of the stock is owned by institutional investors.

Shares of Inovalon Holdings Inc (INOV) opened at $12.50 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.62 and a quick ratio of 5.62. Inovalon Holdings Inc has a 52-week low of $10.45 and a 52-week high of $17.80. The stock has a market capitalization of $1,820.00 and a price-to-earnings ratio of 104.17.

In other Inovalon news, President Robert A. Wychulis sold 85,828 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $15.54, for a total value of $1,333,767.12. Following the completion of the sale, the president now directly owns 466,286 shares of the company’s stock, valued at $7,246,084.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shauna L. Vernal sold 44,270 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $14.00, for a total value of $619,780.00. The disclosure for this sale can be found here. Insiders sold 136,006 shares of company stock valued at $2,048,134 over the last three months. Company insiders own 48.28% of the company’s stock.

A number of analysts recently commented on the company. BidaskClub downgraded Inovalon from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 14th. Zacks Investment Research downgraded Inovalon from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $12.00.

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Inovalon Profile

Inovalon Holdings, Inc (Inovalon) is a technology company. The Company provides cloud-based platforms empowering a data-driven transformation from volume-based to value-based models to the healthcare industry. Leveraging large-scale data interconnectivity capabilities, unparalleled proprietary data sets, advanced analytics, data-driven intervention systems, and subject matter expertise, Inovalon enables the assessment and improvement of clinical and quality outcomes and financial performance across the healthcare ecosystem.

Institutional Ownership by Quarter for Inovalon (NASDAQ:INOV)

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