Bfsg LLC Buys Shares of 9,682 Iteris, Inc. (NASDAQ:ITI)

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

A number of other institutional investors also recently made changes to their positions in ITI. TIAA Trust National Association acquired a new position in shares of Iteris in the 3rd quarter valued at approximately $1,032,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Iteris in the 3rd quarter valued at approximately $563,000. Strs Ohio acquired a new position in shares of Iteris in the 3rd quarter valued at approximately $390,000. Manatuck Hill Partners LLC acquired a new position in shares of Iteris in the 3rd quarter valued at approximately $248,000. Finally, Worth Venture Partners LLC raised its position in shares of Iteris by 19.1% in the 3rd quarter. Worth Venture Partners LLC now owns 282,266 shares of the technology company’s stock valued at $1,169,000 after purchasing an additional 45,244 shares in the last quarter. 51.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO J. Joseph Bergera sold 10,714 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $5.19, for a total transaction of $55,605.66. Following the completion of the transaction, the chief executive officer now directly owns 182,424 shares in the company, valued at approximately $946,780.56. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder Samjo Management, Llc sold 72,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $5.36, for a total value of $385,920.00. Following the completion of the transaction, the insider now owns 6,320,800 shares of the company’s stock, valued at $33,879,488. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO J. Joseph Bergera sold 10,714 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $5.19, for a total value of $55,605.66. Following the completion of the transaction, the chief executive officer now directly owns 182,424 shares of the company’s stock, valued at approximately $946,780.56. The disclosure for this sale can be found here. Insiders sold a total of 129,968 shares of company stock worth $675,777 in the last three months. 7.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ITI. B. Riley upped their target price on Iteris from $6.00 to $8.50 and gave the company a “buy” rating in a research report on Friday, February 9th. StockNews.com lowered Iteris from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 19th.

Iteris Trading Down 2.7 %

ITI stock 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 stock’s 50 day simple moving average is $4.86 and its 200 day simple moving average is $4.70. Iteris, Inc. has a 12-month low of $3.72 and a 12-month high of $5.49.

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

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.