JPMorgan Chase & Co. grew its holdings in MiX Telematics Ltd – (NYSE:MIXT) by 237.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,898 shares of the technology company’s stock after acquiring an additional 77,341 shares during the quarter. JPMorgan Chase & Co. owned 0.49% of MiX Telematics worth $1,709,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its stake in MiX Telematics by 2,063.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 17,441 shares of the technology company’s stock valued at $271,000 after purchasing an additional 16,635 shares in the last quarter. Quantum Capital Management raised its stake in MiX Telematics by 34.1% during the first quarter. Quantum Capital Management now owns 123,591 shares of the technology company’s stock worth $1,922,000 after acquiring an additional 31,460 shares in the last quarter. State of Wisconsin Investment Board raised its stake in MiX Telematics by 8.3% during the first quarter. State of Wisconsin Investment Board now owns 43,477 shares of the technology company’s stock worth $676,000 after acquiring an additional 3,317 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its stake in MiX Telematics by 557.3% during the fourth quarter. Disciplined Growth Investors Inc. MN now owns 818,867 shares of the technology company’s stock worth $10,449,000 after acquiring an additional 694,278 shares in the last quarter. Finally, Millennium Management LLC raised its stake in MiX Telematics by 91.7% during the fourth quarter. Millennium Management LLC now owns 56,690 shares of the technology company’s stock worth $723,000 after acquiring an additional 27,121 shares in the last quarter. 32.95% of the stock is owned by institutional investors.

Several research analysts have commented on the company. ValuEngine downgraded MiX Telematics from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 2nd. Canaccord Genuity boosted their target price on MiX Telematics from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. Finally, Zacks Investment Research downgraded MiX Telematics from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th.

Shares of MiX Telematics stock traded down $0.21 on Friday, hitting $18.53. The stock had a trading volume of 48,854 shares, compared to its average volume of 102,310. The company has a market capitalization of $426.03 million, a P/E ratio of 31.95, a P/E/G ratio of 1.54 and a beta of 0.47. MiX Telematics Ltd – has a twelve month low of $7.79 and a twelve month high of $21.00.

MiX Telematics (NYSE:MIXT) last posted its earnings results on Thursday, May 10th. The technology company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.09. The business had revenue of $453.50 million for the quarter, compared to analyst estimates of $432.93 million. MiX Telematics had a net margin of 10.75% and a return on equity of 10.99%. The business’s revenue was up 15.9% compared to the same quarter last year. equities research analysts predict that MiX Telematics Ltd – will post 0.61 EPS for the current fiscal year.

The firm also recently announced a special dividend, which was paid on Thursday, June 14th. Investors of record on Friday, June 1st were issued a dividend of $0.0592 per share. This is a positive change from MiX Telematics’s previous special dividend of $0.03. The ex-dividend date of this dividend was Thursday, May 31st. MiX Telematics’s payout ratio is presently 31.03%.

MiX Telematics Profile

MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model. The company offers fleet solutions, including MiX Fleet Manager Premium that provides access to secure information about drivers and vehicles; MiX Fleet Manager Essential for monitoring drivers and vehicles; and MiX Asset Manager, a solution for fleet owners and managers to track and monitor vehicles.

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

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