Punch & Associates Investment Management Inc. acquired a new position in shares of I.D. Systems, Inc. (NASDAQ:IDSY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 136,605 shares of the communications equipment provider’s stock, valued at approximately $837,000. Punch & Associates Investment Management Inc. owned about 0.97% of I.D. Systems at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IDSY. HighTower Advisors LLC raised its holdings in I.D. Systems by 1.5% during the first quarter. HighTower Advisors LLC now owns 19,900 shares of the communications equipment provider’s stock worth $126,000 after buying an additional 300 shares during the last quarter. Northern Trust Corp raised its holdings in I.D. Systems by 2.6% during the second quarter. Northern Trust Corp now owns 30,613 shares of the communications equipment provider’s stock worth $188,000 after buying an additional 784 shares during the last quarter. Berson & Corrado Investment Advisors LLC raised its holdings in I.D. Systems by 6.8% during the second quarter. Berson & Corrado Investment Advisors LLC now owns 31,460 shares of the communications equipment provider’s stock worth $193,000 after buying an additional 1,990 shares during the last quarter. American Capital Management Inc. raised its holdings in I.D. Systems by 50.1% during the second quarter. American Capital Management Inc. now owns 103,300 shares of the communications equipment provider’s stock worth $633,000 after buying an additional 34,500 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in I.D. Systems by 2.0% during the second quarter. Vanguard Group Inc. now owns 369,627 shares of the communications equipment provider’s stock worth $2,266,000 after buying an additional 7,200 shares during the last quarter. Hedge funds and other institutional investors own 38.42% of the company’s stock.

Several research firms have weighed in on IDSY. Zacks Investment Research downgraded shares of I.D. Systems from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. B. Riley restated a “buy” rating and set a $8.00 price objective on shares of I.D. Systems in a report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. I.D. Systems has a consensus rating of “Hold” and an average target price of $7.63.

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In other I.D. Systems news, major shareholder Lloyd I. Miller III bought 260,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were purchased at an average price of $5.75 per share, for a total transaction of $1,495,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 12.17% of the company’s stock.

I.D. Systems, Inc. (NASDAQ:IDSY) traded up 1.76% on Thursday, reaching $7.50. 2,335 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $6.55 and its 200 day moving average price is $6.50. The company’s market cap is $101.91 million. I.D. Systems, Inc. has a 12 month low of $4.63 and a 12 month high of $7.75.

I.D. Systems Profile

I.D. Systems, Inc (I.D. Systems) develops, markets and sells wireless machine-to-machine solutions for managing and securing enterprise assets, which include industrial vehicles, such as forklifts and airport ground support equipment, rental vehicles, and transportation assets, such as dry van trailers, refrigerated trailers, railcars and containers.

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Institutional Ownership by Quarter for I.D. Systems (NASDAQ:IDSY)

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