Bank of New York Mellon Corp Buys 10,208 Shares of Iteris, Inc. (NASDAQ:ITI)

Bank of New York Mellon Corp increased its position in Iteris, Inc. (NASDAQ:ITI) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,539 shares of the technology company’s stock after buying an additional 10,208 shares during the quarter. Bank of New York Mellon Corp owned 0.31% of Iteris worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in Iteris during the 1st quarter valued at $43,000. EntryPoint Capital LLC bought a new stake in Iteris during the 1st quarter valued at approximately $66,000. Perritt Capital Management Inc. grew its holdings 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 worth $124,000 after acquiring an additional 15,000 shares during the period. Natixis bought a new position in shares of Iteris in the 1st quarter worth approximately $642,000. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of Iteris by 6.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 184,464 shares of the technology company’s stock valued at $799,000 after purchasing an additional 11,247 shares in the last quarter. 51.16% of the stock is owned by institutional investors.

Insider Buying and Selling at Iteris

In other news, major shareholder Samjo Management, Llc sold 1,200,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $7.00, for a total transaction of $8,400,000.00. Following the completion of the sale, the insider now owns 5,013,300 shares in the company, valued at approximately $35,093,100. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.40% of the stock is owned by insiders.

Iteris Stock Performance

Shares of NASDAQ ITI opened at $7.15 on Tuesday. Iteris, Inc. has a 52-week low of $3.97 and a 52-week high of $7.15. The firm has a market capitalization of $307.27 million, a price-to-earnings ratio of 102.14 and a beta of 0.86. The stock has a 50 day moving average price of $6.19 and a 200 day moving average price of $5.14.

Iteris (NASDAQ:ITI) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.01 earnings per share 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 during the quarter, compared to analysts’ expectations of $44.02 million. Analysts forecast that Iteris, Inc. will post 0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ITI shares. B. Riley reissued a “neutral” rating and issued a $7.20 target price (down from $8.00) on shares of Iteris in a research note on Wednesday, August 21st. Maxim Group reaffirmed a “hold” rating on shares of Iteris in a report on Monday, August 12th. StockNews.com started coverage on Iteris in a research note on Saturday. They issued a “buy” rating for the company. Finally, Northland Capmk downgraded shares of Iteris from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th.

Iteris Company 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.