Azzad Asset Management Inc. ADV Has $165,000 Stock Holdings in Iteris, Inc. (NASDAQ:ITI)

Azzad Asset Management Inc. ADV decreased its position in Iteris, Inc. (NASDAQ:ITI) by 27.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,169 shares of the technology company’s stock after selling 8,848 shares during the period. Azzad Asset Management Inc. ADV owned about 0.05% of Iteris worth $165,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Bfsg LLC increased its position in shares of Iteris by 31.4% during the second quarter. Bfsg LLC now owns 12,720 shares of the technology company’s stock valued at $55,000 after purchasing an additional 3,038 shares during the period. Bouvel Investment Partners LLC increased its holdings in Iteris by 2.3% in the 1st quarter. Bouvel Investment Partners LLC now owns 301,740 shares of the technology company’s stock valued at $1,491,000 after buying an additional 6,850 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Iteris in the 1st quarter valued at $43,000. Bank of New York Mellon Corp lifted 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 worth $583,000 after acquiring an additional 10,208 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of Iteris by 6.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 184,464 shares of the technology company’s stock valued at $799,000 after acquiring an additional 11,247 shares in the last quarter. Institutional investors own 51.16% of the company’s stock.

Iteris Stock Up 0.1 %

NASDAQ:ITI opened at $7.17 on Wednesday. The firm has a market cap of $308.13 million, a PE ratio of 102.43 and a beta of 0.86. The company’s 50-day moving average price is $6.66 and its two-hundred day moving average price is $5.30. Iteris, Inc. has a 12 month low of $3.97 and a 12 month high of $7.19.

Iteris (NASDAQ:ITI) 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). Iteris had a return on equity of 2.02% and a net margin of 0.80%. The business had revenue of $45.78 million for the quarter, compared to the consensus estimate of $44.02 million. On average, research analysts expect that Iteris, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

ITI has been the subject of several recent research reports. StockNews.com started coverage on shares of Iteris in a research report on Monday. They issued a “buy” rating for the company. Northland Capmk cut Iteris from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. B. Riley restated a “neutral” rating and set a $7.20 target price (down previously from $8.00) on shares of Iteris in a research report on Wednesday, August 21st. Finally, Maxim Group reiterated a “hold” rating on shares of Iteris in a research report on Monday, August 12th.

Insiders Place Their Bets

In other Iteris news, major shareholder Samjo Management, Llc sold 848,300 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $6.99, for a total transaction of $5,929,617.00. Following the transaction, the insider now owns 4,165,000 shares of the company’s stock, valued at approximately $29,113,350. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.40% of the company’s stock.

Iteris Profile

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.