Mercer Global Advisors Inc. ADV acquired a new stake in Intelligent Systems Co. (NYSEAMERICAN:INS) during the first quarter, HoldingsChannel reports. The fund acquired 11,108 shares of the industrial products company’s stock, valued at approximately $144,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. grew its holdings in Intelligent Systems by 15.3% in the 4th quarter. BlackRock Inc. now owns 10,825 shares of the industrial products company’s stock valued at $140,000 after buying an additional 1,438 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in shares of Intelligent Systems by 1.9% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 306,673 shares of the industrial products company’s stock worth $3,962,000 after purchasing an additional 5,667 shares in the last quarter. Vanguard Group Inc acquired a new stake in shares of Intelligent Systems during the 3rd quarter worth $430,000. Finally, Vanguard Group Inc. acquired a new stake in shares of Intelligent Systems during the 3rd quarter worth $430,000.
INS opened at $44.50 on Friday. Intelligent Systems Co. has a 52-week low of $6.52 and a 52-week high of $48.93.
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Intelligent Systems 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.
Further Reading: Can systematic risk be avoided?
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