State of Wisconsin Investment Board purchased a new stake in MiX Telematics Limited (NYSE:MIXT) during the first quarter, Holdings Channel reports. The fund purchased 35,674 shares of the technology company’s stock, valued at approximately $225,000.

Several other hedge funds have also recently modified their holdings of MIXT. Russell Investments Group Ltd. boosted its stake in shares of MiX Telematics Limited by 105.6% in the first quarter. Russell Investments Group Ltd. now owns 19,495 shares of the technology company’s stock valued at $123,000 after buying an additional 10,015 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of MiX Telematics Limited by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 58,292 shares of the technology company’s stock valued at $367,000 after buying an additional 1,715 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of MiX Telematics Limited by 0.8% in the first quarter. Rice Hall James & Associates LLC now owns 335,404 shares of the technology company’s stock valued at $2,113,000 after buying an additional 2,778 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of MiX Telematics Limited by 6.9% in the fourth quarter. Renaissance Technologies LLC now owns 353,800 shares of the technology company’s stock valued at $2,190,000 after buying an additional 22,900 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of MiX Telematics Limited by 123.6% in the first quarter. Acadian Asset Management LLC now owns 397,232 shares of the technology company’s stock valued at $2,503,000 after buying an additional 219,616 shares during the last quarter. Hedge funds and other institutional investors own 14.37% of the company’s stock.

Institutional Ownership by Quarter for MiX Telematics Limited (NYSE:MIXT)

Shares of MiX Telematics Limited (MIXT) opened at 8.25 on Tuesday. The firm has a 50-day moving average price of $6.53 and a 200 day moving average price of $6.66. MiX Telematics Limited has a one year low of $4.30 and a one year high of $8.29. The stock has a market capitalization of $185.93 million, a PE ratio of 22.00 and a beta of 0.87.

MiX Telematics Limited (NYSE:MIXT) last announced its quarterly earnings data on Thursday, May 25th. The technology company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. MiX Telematics Limited had a return on equity of 7.08% and a net margin of 7.88%. The business had revenue of $29.18 million during the quarter, compared to the consensus estimate of $27.81 million. On average, equities analysts expect that MiX Telematics Limited will post $0.02 EPS for the current fiscal year.

The business also recently announced a dividend, which was paid on Monday, June 19th. Stockholders of record on Thursday, June 15th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, June 12th. MiX Telematics Limited’s payout ratio is 40.00%.

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Several analysts have issued reports on the company. ValuEngine cut MiX Telematics Limited from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Zacks Investment Research upgraded MiX Telematics Limited from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a report on Tuesday, March 21st. Finally, TheStreet cut MiX Telematics Limited from a “b-” rating to a “c” rating in a report on Thursday, May 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $9.13.

MiX Telematics Limited 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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