MTS Systems Corporation (MTSC) Stake Boosted by OppenheimerFunds Inc.

OppenheimerFunds Inc. raised its position in MTS Systems Corporation (NASDAQ:MTSC) by 25.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,164 shares of the scientific and technical instruments company’s stock after buying an additional 1,633 shares during the period. OppenheimerFunds Inc.’s holdings in MTS Systems Corporation were worth $449,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MTSC. State of Alaska Department of Revenue increased its position in shares of MTS Systems Corporation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,850 shares of the scientific and technical instruments company’s stock worth $101,000 after buying an additional 50 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of MTS Systems Corporation by 8.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,032 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 161 shares in the last quarter. Mosaic Family Wealth LLC increased its position in shares of MTS Systems Corporation by 2.9% in the first quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the scientific and technical instruments company’s stock worth $175,000 after buying an additional 91 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of MTS Systems Corporation by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock worth $195,000 after buying an additional 384 shares in the last quarter. Finally, Dubuque Bank & Trust Co. acquired a new position in shares of MTS Systems Corporation during the first quarter worth about $203,000.

MTS Systems Corporation (MTSC) opened at 53.15 on Tuesday. The stock has a 50 day moving average price of $53.07 and a 200 day moving average price of $53.80. MTS Systems Corporation has a 52-week low of $41.53 and a 52-week high of $59.00. The stock has a market cap of $889.78 million, a P/E ratio of 44.74 and a beta of 1.30.

MTS Systems Corporation (NASDAQ:MTSC) last released its quarterly earnings results on Monday, May 8th. The scientific and technical instruments company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.19. The business had revenue of $193.42 million for the quarter, compared to analysts’ expectations of $185.54 million. MTS Systems Corporation had a return on equity of 12.81% and a net margin of 2.83%. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, equities research analysts forecast that MTS Systems Corporation will post $2.24 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 23rd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, June 21st. MTS Systems Corporation’s dividend payout ratio is currently 98.36%.

COPYRIGHT VIOLATION NOTICE: “MTS Systems Corporation (MTSC) Stake Boosted by OppenheimerFunds Inc.” was first posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://transcriptdaily.com/2017/07/18/mts-systems-corporation-mtsc-stake-boosted-by-oppenheimerfunds-inc.html.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded MTS Systems Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a research report on Tuesday, July 11th. Finally, TheStreet downgraded MTS Systems Corporation from a “b-” rating to a “c” rating in a research report on Monday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $55.67.

In related news, insider Jeffrey A. Graves sold 23,820 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $54.10, for a total value of $1,288,662.00. Following the sale, the insider now owns 50,514 shares in the company, valued at approximately $2,732,807.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey A. Graves sold 1,426 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $54.40, for a total value of $77,574.40. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

MTS Systems Corporation Company Profile

MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.

Institutional Ownership by Quarter for MTS Systems Corporation (NASDAQ:MTSC)

Receive News & Ratings for MTS Systems Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply