Access Investment Management LLC Buys 1,845 Shares of Iteris, Inc. (NASDAQ:ITI)

Access Investment Management LLC boosted its holdings in Iteris, Inc. (NASDAQ:ITI) by 67.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,570 shares of the technology company’s stock after buying an additional 1,845 shares during the quarter. Access Investment Management LLC’s holdings in Iteris were worth $33,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. lifted its stake in shares of Iteris by 4.7% in the third quarter. Whittier Trust Co. now owns 42,552 shares of the technology company’s stock worth $304,000 after acquiring an additional 1,897 shares during the period. Bfsg LLC increased its holdings in Iteris by 31.4% in 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Iteris during the first quarter valued at approximately $43,000. Bank of New York Mellon Corp increased its holdings in shares of Iteris by 8.2% during the second quarter. Bank of New York Mellon Corp now owns 134,539 shares of the technology company’s stock valued at $583,000 after acquiring an additional 10,208 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings 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 acquiring an additional 11,247 shares in the last quarter. 51.16% of the stock is owned by institutional investors and hedge funds.

Iteris Stock Performance

Shares of NASDAQ:ITI remained flat at $7.19 during mid-day trading on Monday. The company had a trading volume of 4,543 shares, compared to its average volume of 329,061. The firm’s 50-day moving average price is $7.15 and its 200-day moving average price is $5.70. Iteris, Inc. has a one year low of $4.00 and a one year high of $7.20. The stock has a market cap of $307.88 million, a PE ratio of 239.75 and a beta of 0.87.

Iteris (NASDAQ:ITI) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.01 earnings per share for the quarter, missing the consensus estimate 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. As a group, research analysts forecast that Iteris, Inc. will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

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

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.