Russell Investments Group Ltd. decreased its position in RadiSys Corporation (NASDAQ:RSYS) by 67.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,708 shares of the technology company’s stock after selling 119,764 shares during the period. Russell Investments Group Ltd. owned about 0.15% of RadiSys Corporation worth $227,000 as of its most recent SEC filing.
Separately, Dimensional Fund Advisors LP raised its position in RadiSys Corporation by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,469,263 shares of the technology company’s stock worth $6,509,000 after buying an additional 64,151 shares during the last quarter. 57.36% of the stock is owned by hedge funds and other institutional investors.
Shares of RadiSys Corporation (NASDAQ:RSYS) traded down 1.18% during midday trading on Tuesday, hitting $1.68. 207,436 shares of the company’s stock were exchanged. The stock’s market cap is $65.46 million. RadiSys Corporation has a 1-year low of $1.64 and a 1-year high of $5.81. The stock’s 50 day moving average is $3.18 and its 200-day moving average is $3.78.
RadiSys Corporation (NASDAQ:RSYS) last announced its earnings results on Tuesday, August 1st. The technology company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.08. The firm had revenue of $35.09 million during the quarter, compared to analysts’ expectations of $35.05 million. RadiSys Corporation had a negative return on equity of 14.12% and a negative net margin of 14.38%. The company’s revenue was down 42.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. Analysts predict that RadiSys Corporation will post ($0.36) earnings per share for the current fiscal year.
Several equities analysts have weighed in on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $3.00 target price (down from $6.25) on shares of RadiSys Corporation in a report on Wednesday, August 2nd. Lake Street Capital reissued a “buy” rating and issued a $3.00 price target (down from $4.50) on shares of RadiSys Corporation in a research note on Wednesday, August 2nd. Needham & Company LLC reduced their price target on shares of RadiSys Corporation from $4.50 to $2.50 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd. Roth Capital set a $6.00 price target on shares of RadiSys Corporation and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of RadiSys Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $3.63.
About RadiSys Corporation
Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms, real-time media processing products and wireless access technologies enable service providers to virtualize and monetize their networks. The Company’s products and services are organized into two segments: Software-Systems, and Embedded Products and Hardware Services.
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