Renaissance Technologies LLC raised its holdings in shares of Iteris, Inc. (NASDAQ:ITI - Free Report) by 24.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 375,885 shares of the technology company's stock after buying an additional 73,300 shares during the quarter. Renaissance Technologies LLC owned about 0.87% of Iteris worth $1,628,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Iteris during the 1st quarter worth $43,000. Bfsg LLC lifted its stake in Iteris by 31.4% during the second quarter. Bfsg LLC now owns 12,720 shares of the technology company's stock worth $55,000 after purchasing an additional 3,038 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Iteris in the 1st quarter worth about $66,000. Perritt Capital Management Inc. increased its position in shares of Iteris by 150.0% during the 1st quarter. Perritt Capital Management Inc. now owns 25,000 shares of the technology company's stock valued at $124,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Iteris by 8.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 134,539 shares of the technology company's stock valued at $583,000 after buying an additional 10,208 shares in the last quarter. 51.16% of the stock is currently owned by institutional investors.
Iteris Price Performance
Shares of ITI stock remained flat at $7.16 during mid-day trading on Friday. 348,210 shares of the company's stock were exchanged, compared to its average volume of 333,274. The company has a 50-day moving average price of $6.56 and a 200-day moving average price of $5.26. The company has a market capitalization of $307.70 million, a price-to-earnings ratio of 102.29 and a beta of 0.86. Iteris, Inc. has a 12-month low of $3.97 and a 12-month high of $7.18.
Iteris (NASDAQ:ITI - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). The business had revenue of $45.78 million for the quarter, compared to the consensus estimate of $44.02 million. Iteris had a net margin of 0.80% and a return on equity of 2.02%. Equities analysts forecast that Iteris, Inc. will post 0.18 earnings per share for the current year.
Analyst Ratings Changes
Several analysts have issued reports on ITI shares. StockNews.com started coverage on Iteris in a research note on Sunday, September 29th. They issued a "buy" rating for the company. B. Riley reaffirmed a "neutral" rating and set a $7.20 target price (down previously from $8.00) on shares of Iteris in a report on Wednesday, August 21st. Northland Capmk downgraded shares of Iteris from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 9th. Finally, Maxim Group reissued a "hold" rating on shares of Iteris in a research note on Monday, August 12th.
Check Out Our Latest Stock Analysis on ITI
Insider Buying and Selling at Iteris
In related news, major shareholder Samjo Management, Llc sold 848,300 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $6.99, for a total value of $5,929,617.00. Following the completion of the transaction, the insider now directly owns 4,165,000 shares of the company's stock, valued at $29,113,350. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.40% of the company's stock.
Iteris Company Profile
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Free Report)
Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.
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