New York State Common Retirement Fund Purchases New Shares in MiX Telematics Limited (NYSE:MIXT)

New York State Common Retirement Fund purchased a new stake in MiX Telematics Limited (NYSE:MIXT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,566 shares of the technology company’s stock, valued at approximately $126,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MIXT. Commonwealth Equity Services LLC increased its position in shares of MiX Telematics by 10.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 11,201 shares of the technology company’s stock valued at $154,000 after purchasing an additional 1,026 shares during the last quarter. Northern Trust Corp increased its position in shares of MiX Telematics by 7.7% during the 1st quarter. Northern Trust Corp now owns 15,396 shares of the technology company’s stock valued at $213,000 after purchasing an additional 1,107 shares during the last quarter. Royal Bank of Canada increased its position in shares of MiX Telematics by 27.7% during the 1st quarter. Royal Bank of Canada now owns 11,845 shares of the technology company’s stock valued at $163,000 after purchasing an additional 2,566 shares during the last quarter. Morgan Stanley increased its position in shares of MiX Telematics by 3,529.9% during the 1st quarter. Morgan Stanley now owns 14,592 shares of the technology company’s stock valued at $201,000 after purchasing an additional 14,190 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN increased its position in shares of MiX Telematics by 14.3% during the 1st quarter. Disciplined Growth Investors Inc. MN now owns 2,193,135 shares of the technology company’s stock valued at $30,221,000 after purchasing an additional 273,786 shares during the last quarter. 36.93% of the stock is owned by institutional investors and hedge funds.

MIXT stock opened at $12.12 on Wednesday. The company has a market capitalization of $293.93 million, a price-to-earnings ratio of 18.36 and a beta of 0.83. MiX Telematics Limited has a fifty-two week low of $7.84 and a fifty-two week high of $16.79. The stock has a fifty day moving average of $13.48 and a 200-day moving average of $13.91.

MiX Telematics (NYSE:MIXT) last posted its quarterly earnings results on Thursday, July 29th. The technology company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $34.90 million during the quarter, compared to the consensus estimate of $33.07 million. MiX Telematics had a return on equity of 11.10% and a net margin of 10.88%. On average, analysts predict that MiX Telematics Limited will post 0.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 2nd. Stockholders of record on Friday, August 20th were paid a dividend of $0.0687 per share. The ex-dividend date was Thursday, August 19th. This represents a $0.27 annualized dividend and a dividend yield of 2.27%. MiX Telematics’s payout ratio is 37.74%.

MIXT has been the subject of several research analyst reports. Zacks Investment Research lowered MiX Telematics from a “buy” rating to a “hold” rating in a research report on Thursday, September 16th. William Blair reaffirmed an “outperform” rating on shares of MiX Telematics in a research report on Friday, May 28th. Finally, Canaccord Genuity increased their price target on MiX Telematics from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, May 28th.

About MiX Telematics

MiX Telematics Ltd. engages in the provision of fleet and mobile asset management solutions. It focuses on the following industries: fast moving consumer goods, utilities, security, construction, transport and distribution, emergency services, government, rental and leasing, mining, oil and gas, and public transport.

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

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