Ardsley Advisory Partners purchased a new stake in shares of Iteris Inc (NASDAQ:ITI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 175,000 shares of the technology company’s stock, valued at approximately $1,220,000. Ardsley Advisory Partners owned approximately 0.53% of Iteris as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Iteris by 28.0% in the second quarter. Vanguard Group Inc. now owns 813,850 shares of the technology company’s stock worth $5,062,000 after purchasing an additional 177,980 shares in the last quarter. Cowen Prime Services LLC boosted its holdings in Iteris by 38.0% in the fourth quarter. Cowen Prime Services LLC now owns 777,492 shares of the technology company’s stock worth $5,419,000 after purchasing an additional 214,097 shares in the last quarter. Royce & Associates LP boosted its holdings in Iteris by 9.5% in the fourth quarter. Royce & Associates LP now owns 576,000 shares of the technology company’s stock worth $4,015,000 after purchasing an additional 50,000 shares in the last quarter. Northern Trust Corp boosted its holdings in Iteris by 256.5% in the second quarter. Northern Trust Corp now owns 306,623 shares of the technology company’s stock worth $1,907,000 after purchasing an additional 220,625 shares in the last quarter. Finally, State Street Corp bought a new stake in Iteris in the second quarter worth $1,606,000. Institutional investors and hedge funds own 33.21% of the company’s stock.
A number of brokerages recently issued reports on ITI. B. Riley set a $9.00 price objective on shares of Iteris and gave the stock a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research cut shares of Iteris from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Northland Securities set a $9.00 price target on shares of Iteris and gave the company a “buy” rating in a report on Monday, November 13th. Finally, JMP Securities assumed coverage on shares of Iteris in a report on Thursday, January 25th. They set an “outperform” rating and a $10.50 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $8.75.
Iteris (NASDAQ:ITI) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.01. Iteris had a negative net margin of 4.32% and a negative return on equity of 10.05%. The company had revenue of $26.03 million during the quarter, compared to analysts’ expectations of $23.28 million. equities analysts forecast that Iteris Inc will post -0.07 EPS for the current fiscal year.
In other news, major shareholder Neil S. Subin sold 113,523 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $6.07, for a total transaction of $689,084.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Neil S. Subin sold 99,141 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $7.54, for a total transaction of $747,523.14. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.
Iteris Company Profile
Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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