Here’s What Makes Intelligent Systems Corporation (INS) A Smart Long-Term Buy

Weitz Investment Management, an investment management firm, published its “Partners III Opportunity Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. A return of -0.06% was recorded by the fund in the third quarter of 2021, compared to +0.58% for the S&P 500 and -0.10% for the Russell 3000 for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Weitz Investment Management Partners III Opportunity Fund, in its Q3 2021 investor letter, mentioned Intelligent Systems Corporation (NYSE: INS) and discussed its stance on the firm. Intelligent Systems Corporation is a Norcross, Georgia-based software company with a $405.6 million market capitalization. INS delivered a 16.23% return since the beginning of the year, while its 12-month returns are up by 21.79%. The stock closed at $46.62 per share on November 12, 2021.

Here is what Weitz Investment Management Partners III Opportunity Fund has to say about Intelligent Systems Corporation  in its Q3 2021 investor letter:

“As for contributors – Intelligent Systems (INS) clawed back all of its declines from the first half of the year as the company explained to investors that the rapid adoption of “Buy Now, Pay Later” (BNPL) payment options would not disrupt the company’s CoreCard payment software opportunities.”

Photo by Danial Igdery on Unsplash

Based on our calculations, Intelligent Systems Corporation (NYSE: INS) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. INS was in 9 hedge fund portfolios at the end of the first half of 2021, compared to 7 funds in the previous quarter. Intelligent Systems Corporation (NYSE: INS) delivered a 23.53% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.