Zacks Investment Research cut shares of I.D. Systems, Inc. (NASDAQ:IDSY) from a buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “I.D. Systems Inc is a leading provider of wireless solutions for corporate asset management. I.D. Systems’ customers include 3M Company, American Axle, Archer Daniels Midland, Daimler Chrysler, Deere & Co., Ford Motor Company, General Dynamics, Hallmark Cards, Northrop Grumman, Target Corporation, Walgreen Co., the U.S. Navy, the U.S. Postal Service, and the U.S. Transportation Security Administration, among others. The company’s systems enable management to control and track the location and status of their assets in real time. “

IDSY has been the topic of several other reports. ValuEngine upgraded I.D. Systems from a sell rating to a hold rating in a report on Friday, June 2nd. B. Riley reissued a buy rating and issued a $8.00 price target on shares of I.D. Systems in a research note on Thursday, August 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. I.D. Systems has an average rating of Hold and an average price target of $7.63.

Shares of I.D. Systems (IDSY) traded up 1.49% during mid-day trading on Wednesday, reaching $7.51. 83,667 shares of the company’s stock traded hands. The company has a 50 day moving average of $6.54 and a 200 day moving average of $6.45. I.D. Systems has a 12 month low of $4.63 and a 12 month high of $7.56. The company’s market cap is $102.05 million.

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In other I.D. Systems news, major shareholder Lloyd I. Miller III purchased 260,000 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were purchased at an average cost of $5.75 per share, with a total value of $1,495,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.17% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC raised its position in shares of 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 purchasing an additional 300 shares during the period. Berson & Corrado Investment Advisors LLC raised its position in shares of 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 purchasing an additional 1,990 shares during the period. Emancipation Management LLC raised its position in shares of I.D. Systems by 6.3% during the first quarter. Emancipation Management LLC now owns 1,893,848 shares of the communications equipment provider’s stock worth $11,988,000 after purchasing an additional 111,556 shares during the period. American Capital Management Inc. raised its position in shares of 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 purchasing an additional 34,500 shares during the period. Finally, Ardsley Advisory Partners raised its position in shares of I.D. Systems by 86.9% during the second quarter. Ardsley Advisory Partners now owns 264,021 shares of the communications equipment provider’s stock worth $1,636,000 after purchasing an additional 122,779 shares during the period. 36.90% of the stock is currently owned by hedge funds and other institutional investors.

About I.D. Systems

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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