Bfsg LLC Takes $50,000 Position in Iteris, Inc. (NASDAQ:ITI)

Bfsg LLC acquired a new position in shares of Iteris, Inc. (NASDAQ:ITI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,682 shares of the technology company’s stock, valued at approximately $50,000.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC bought a new stake in Iteris during the 2nd quarter worth approximately $34,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Iteris during the 3rd quarter valued at $46,000. SG Americas Securities LLC acquired a new position in shares of Iteris during the 3rd quarter valued at $52,000. Panagora Asset Management Inc. acquired a new position in shares of Iteris during the 3rd quarter valued at $116,000. Finally, Whittier Trust Co. lifted its position in shares of Iteris by 9.3% during the 3rd quarter. Whittier Trust Co. now owns 44,602 shares of the technology company’s stock valued at $185,000 after acquiring an additional 3,794 shares during the period. 51.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Iteris

In other Iteris news, major shareholder Samjo Management, Llc sold 31,000 shares of Iteris stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $4.93, for a total transaction of $152,830.00. Following the transaction, the insider now directly owns 6,432,800 shares of the company’s stock, valued at $31,713,704. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Samjo Management, Llc sold 31,000 shares of Iteris stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $4.93, for a total value of $152,830.00. Following the sale, the insider now owns 6,432,800 shares in the company, valued at $31,713,704. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO J. Joseph Bergera sold 13,450 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $5.03, for a total transaction of $67,653.50. Following the sale, the chief executive officer now owns 192,238 shares in the company, valued at approximately $966,957.14. The disclosure for this sale can be found here. Insiders have sold 129,968 shares of company stock valued at $675,777 over the last three months. 7.40% of the stock is owned by corporate insiders.

Iteris Stock Performance

ITI opened at $4.35 on Friday. The firm has a market cap of $186.66 million, a P/E ratio of 72.50 and a beta of 0.67. The firm has a 50-day moving average of $4.86 and a 200 day moving average of $4.70. Iteris, Inc. has a fifty-two week low of $3.72 and a fifty-two week high of $5.49.

Iteris (NASDAQ:ITI) last issued its earnings results on Thursday, February 8th. The technology company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Iteris had a net margin of 1.45% and a return on equity of 3.76%. The firm had revenue of $42.13 million during the quarter, compared to analyst estimates of $41.39 million. Equities research analysts predict that Iteris, Inc. will post 0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ITI shares. StockNews.com downgraded shares of Iteris from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 19th. B. Riley upped their price objective on shares of Iteris from $6.00 to $8.50 and gave the stock a “buy” rating in a report on Friday, February 9th.

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.