MiX Telematics Ltd – (NYSE:MIXT) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $15.00.

MIXT has been the topic of a number of research analyst reports. Zacks Investment Research raised MiX Telematics from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Friday, October 20th. Canaccord Genuity raised their price target on MiX Telematics from $12.00 to $15.00 and gave the company a “buy” rating in a report on Friday, November 3rd. BidaskClub raised MiX Telematics from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, ValuEngine raised MiX Telematics from a “hold” rating to a “buy” rating in a report on Friday, November 10th.

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. acquired a new position in shares of MiX Telematics in the 3rd quarter valued at $103,000. Smith Asset Management Group LP acquired a new position in shares of MiX Telematics in the 3rd quarter valued at $114,000. New York State Common Retirement Fund boosted its position in MiX Telematics by 47.6% during the 2nd quarter. New York State Common Retirement Fund now owns 20,794 shares of the technology company’s stock worth $164,000 after acquiring an additional 6,708 shares during the period. JPMorgan Chase & Co. boosted its position in MiX Telematics by 84.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,844 shares of the technology company’s stock worth $188,000 after acquiring an additional 10,912 shares during the period. Finally, Royce & Associates LP boosted its position in MiX Telematics by 2,095.6% during the 2nd quarter. Royce & Associates LP now owns 57,985 shares of the technology company’s stock worth $457,000 after acquiring an additional 55,344 shares during the period. 27.04% of the stock is owned by institutional investors and hedge funds.

Shares of MiX Telematics (NYSE:MIXT) traded up $0.20 on Thursday, hitting $12.51. The stock had a trading volume of 55,187 shares, compared to its average volume of 52,852. The firm has a market capitalization of $275.44, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. MiX Telematics has a 52 week low of $5.59 and a 52 week high of $12.85.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Friday, November 24th were paid a dividend of $0.044 per share. The ex-dividend date was Wednesday, November 22nd. This represents a $0.18 annualized dividend and a yield of 1.41%. This is a boost from MiX Telematics’s previous quarterly dividend of $0.04. MiX Telematics’s dividend payout ratio (DPR) is currently 32.50%.

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About MiX Telematics

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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