Intelligent Systems (INS) Trading Down 10.7%

Intelligent Systems Co. (NYSEAMERICAN:INS) shares dropped 10.7% during mid-day trading on Friday . The stock traded as low as $33.03 and last traded at $34.93. Approximately 691,065 shares were traded during mid-day trading, an increase of 487% from the average daily volume of 117,791 shares. The stock had previously closed at $39.11.

Intelligent Systems (NYSEAMERICAN:INS) last posted its earnings results on Friday, May 3rd. The industrial products company reported $0.23 earnings per share for the quarter. The firm had revenue of $6.97 million during the quarter.

Institutional investors have recently bought and sold shares of the business. Citigroup Inc. acquired a new stake in shares of Intelligent Systems during the first quarter valued at $96,000. Advisor Group Inc. acquired a new stake in shares of Intelligent Systems during the first quarter valued at $117,000. BlackRock Inc. boosted its stake in shares of Intelligent Systems by 84.8% during the third quarter. BlackRock Inc. now owns 9,387 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 4,307 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Intelligent Systems during the first quarter valued at $144,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Intelligent Systems during the first quarter valued at $365,000.

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About Intelligent Systems (NYSEAMERICAN:INS)

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.

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