GCA Investment Management LLC boosted its stake in MiX Telematics Ltd – (NYSE:MIXT) by 36.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 706,845 shares of the technology company’s stock after acquiring an additional 187,040 shares during the period. MiX Telematics accounts for 1.7% of GCA Investment Management LLC’s portfolio, making the stock its 28th largest position. GCA Investment Management LLC’s holdings in MiX Telematics were worth $9,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of MIXT. Raymond James Financial Services Advisors Inc. acquired a new stake in MiX Telematics in the third quarter valued at $103,000. New York State Common Retirement Fund raised its holdings in MiX Telematics by 47.6% in the second quarter. New York State Common Retirement Fund now owns 20,794 shares of the technology company’s stock valued at $164,000 after acquiring an additional 6,708 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in MiX Telematics by 120.9% in the third quarter. JPMorgan Chase & Co. now owns 52,682 shares of the technology company’s stock valued at $524,000 after acquiring an additional 28,838 shares in the last quarter. Royce & Associates LP raised its holdings in MiX Telematics by 19.8% in the third quarter. Royce & Associates LP now owns 69,485 shares of the technology company’s stock valued at $689,000 after acquiring an additional 11,500 shares in the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in MiX Telematics in the third quarter valued at $771,000. 31.66% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on MIXT. ValuEngine raised shares of MiX Telematics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Canaccord Genuity reaffirmed a “buy” rating and issued a $20.00 price target on shares of MiX Telematics in a report on Thursday, February 1st. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $15.50.
MiX Telematics (NYSE:MIXT) last issued its earnings results on Thursday, February 1st. The technology company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $442.00 million for the quarter, compared to analysts’ expectations of $427.11 million. MiX Telematics had a net margin of 9.07% and a return on equity of 9.14%. MiX Telematics’s revenue for the quarter was up 10.2% compared to the same quarter last year. research analysts anticipate that MiX Telematics Ltd – will post 0.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.38%. This is a boost from MiX Telematics’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, February 22nd. MiX Telematics’s dividend payout ratio is 32.00%.
MiX Telematics Company Profile
MiX Telematics Limited is a South Africa-based provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS) to customers. The Company’s operating segments include Africa, Europe, Americas, Middle East and Australasia, Brazil and Central Services Organization. The Company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, risk management and security.
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