Nuveen Asset Management LLC Raises Stake in Intelligent Systems Co. (NYSEAMERICAN:INS)

Nuveen Asset Management LLC boosted its holdings in shares of Intelligent Systems Co. (NYSEAMERICAN:INS) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,690 shares of the industrial products company’s stock after acquiring an additional 2,601 shares during the period. Nuveen Asset Management LLC’s holdings in Intelligent Systems were worth $3,048,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its stake in Intelligent Systems by 119.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,103 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 1,146 shares in the last quarter. Federated Hermes Inc. increased its stake in Intelligent Systems by 154.8% during the 1st quarter. Federated Hermes Inc. now owns 41,480 shares of the industrial products company’s stock valued at $1,410,000 after purchasing an additional 25,199 shares in the last quarter. Citigroup Inc. increased its stake in Intelligent Systems by 34.2% during the 1st quarter. Citigroup Inc. now owns 1,994 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 508 shares in the last quarter. Victory Capital Management Inc. increased its stake in Intelligent Systems by 31.7% during the 1st quarter. Victory Capital Management Inc. now owns 1,547 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 372 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its stake in Intelligent Systems by 12.5% during the 1st quarter. Ensign Peak Advisors Inc now owns 45,000 shares of the industrial products company’s stock valued at $1,530,000 after purchasing an additional 5,000 shares in the last quarter.

Separately, BTIG Research restated a “buy” rating and set a $51.00 price objective on shares of Intelligent Systems in a research note on Tuesday, May 5th.

Shares of INS stock opened at $34.08 on Wednesday. Intelligent Systems Co. has a 52 week low of $23.26 and a 52 week high of $56.24.

Intelligent Systems (NYSEAMERICAN:INS) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). The firm had revenue of $7.89 million for the quarter.

Intelligent Systems Company Profile

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.

Featured Article: How to Use the New Google Finance Tool

Want to see what other hedge funds are holding INS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intelligent Systems Co. (NYSEAMERICAN:INS).

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

Receive News & Ratings for Intelligent Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intelligent Systems and related companies with MarketBeat.com's FREE daily email newsletter.