Sidoti Begins Coverage on Intelligent Systems (NYSEAMERICAN:INS)

Sidoti began coverage on shares of Intelligent Systems (NYSEAMERICAN:INS) in a research note issued to investors on Wednesday morning, The Fly reports. The brokerage issued a buy rating on the industrial products company’s stock.

NYSEAMERICAN:INS opened at $48.76 on Wednesday. Intelligent Systems has a 1 year low of $9.35 and a 1 year high of $56.24.

Intelligent Systems (NYSEAMERICAN:INS) last released its earnings results on Monday, August 5th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $7.51 million during the quarter.

A number of large investors have recently added to or reduced their stakes in INS. BlackRock Inc. increased its position in Intelligent Systems by 1,169.5% in the second quarter. BlackRock Inc. now owns 436,463 shares of the industrial products company’s stock worth $12,565,000 after buying an additional 402,082 shares during the last quarter. Renaissance Technologies LLC increased its position in Intelligent Systems by 225.6% in the second quarter. Renaissance Technologies LLC now owns 104,497 shares of the industrial products company’s stock worth $3,008,000 after buying an additional 72,400 shares during the last quarter. Vanguard Group Inc. increased its position in Intelligent Systems by 68.4% in the second quarter. Vanguard Group Inc. now owns 175,690 shares of the industrial products company’s stock worth $5,058,000 after buying an additional 71,385 shares during the last quarter. CMC Financial Group purchased a new stake in Intelligent Systems in the second quarter worth $1,029,000. Finally, Bank of New York Mellon Corp increased its position in Intelligent Systems by 187.8% in the second quarter. Bank of New York Mellon Corp now owns 40,843 shares of the industrial products company’s stock worth $1,176,000 after buying an additional 26,651 shares during the last quarter.

About Intelligent Systems

Intelligent Systems Corporation, through its subsidiary, CoreCard Software, Inc, provides technology solutions and processing services to the financial technology and services market in the United States and European Union. The company designs, develops, and markets a suite of software solutions to accounts receivable businesses, financial institutions, retailers, and processors.

Read More: Retained Earnings

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