Weitz Investment Management Inc. Has $19.82 Million Position in Intelligent Systems Co. (NYSEAMERICAN:INS)

Weitz Investment Management Inc. cut its holdings in shares of Intelligent Systems Co. (NYSEAMERICAN:INS) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 630,000 shares of the industrial products company’s stock after selling 15,000 shares during the quarter. Weitz Investment Management Inc. owned about 0.07% of Intelligent Systems worth $19,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Olstein Capital Management L.P. grew its holdings in Intelligent Systems by 34.1% in the 2nd quarter. Olstein Capital Management L.P. now owns 114,000 shares of the industrial products company’s stock valued at $3,586,000 after buying an additional 29,000 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of Intelligent Systems by 20.4% during the 2nd quarter. WINTON GROUP Ltd now owns 13,781 shares of the industrial products company’s stock worth $434,000 after buying an additional 2,331 shares during the last quarter. JCSD Capital LLC raised its position in Intelligent Systems by 38.6% in the second quarter. JCSD Capital LLC now owns 43,052 shares of the industrial products company’s stock valued at $1,354,000 after purchasing an additional 12,000 shares during the last quarter. Victory Capital Management Inc. bought a new position in Intelligent Systems in the second quarter valued at about $215,000. Finally, Monarch Capital Management Inc. raised its position in Intelligent Systems by 64.1% in the second quarter. Monarch Capital Management Inc. now owns 33,658 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 13,143 shares during the last quarter. 47.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of INS stock traded down $0.06 on Wednesday, hitting $36.23. The company had a trading volume of 81 shares, compared to its average volume of 55,209. The stock has a market cap of $316.76 million, a price-to-earnings ratio of 36.66 and a beta of 0.98. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.07. Intelligent Systems Co. has a twelve month low of $30.52 and a twelve month high of $54.58.

Intelligent Systems (NYSEAMERICAN:INS) last announced its quarterly earnings data on Thursday, August 5th. The industrial products company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. Intelligent Systems had a return on equity of 20.49% and a net margin of 20.76%.

Intelligent Systems Company Profile

Intelligent Systems Corp. engages in the management of emerging technology companies. It operates through the CoreCard Software, Inc and affiliate companies, which involves in the design, development, and marketing of software solutions to corporations, financial institutions, retailers, and processors to manage credit and debit cards, prepaid cards, private label cards, fleet cards, loyalty programs, and accounts receivable and small loan transactions.

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Institutional Ownership by Quarter for Intelligent Systems (NYSEAMERICAN:INS)

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