Intelligent Systems Co. (NYSEAMERICAN:INS) CEO J Leland Strange sold 4,326 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $45.14, for a total transaction of $195,275.64. Following the sale, the chief executive officer now directly owns 1,883,188 shares in the company, valued at $85,007,106.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of INS opened at $45.01 on Tuesday. Intelligent Systems Co. has a 1-year low of $9.53 and a 1-year high of $56.24.
Intelligent Systems (NYSEAMERICAN:INS) last announced its quarterly earnings data on Monday, August 5th. The industrial products company reported $0.23 earnings per share for the quarter. The company had revenue of $7.51 million for the quarter.
Separately, Sidoti assumed coverage on shares of Intelligent Systems in a report on Wednesday, October 9th. They set a “buy” rating on the stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of Intelligent Systems during the second quarter valued at $49,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Intelligent Systems by 313.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,751 shares of the industrial products company’s stock valued at $79,000 after buying an additional 2,085 shares during the last quarter. Wells Fargo & Company MN purchased a new stake in shares of Intelligent Systems during the second quarter valued at $101,000. Rhumbline Advisers purchased a new stake in shares of Intelligent Systems during the third quarter valued at $261,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Intelligent Systems during the second quarter valued at $221,000.
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 Story: How to Invest in a Bull Market
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.