Public Sector Pension investment Board reduced its stake in Comtech Telecommunications Corp. (NASDAQ:CMTL) by 26.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,200 shares of the communications equipment provider’s stock after selling 4,300 shares during the period. Public Sector Pension investment Board owned 0.05% of Comtech Telecommunications Corp. worth $231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CMTL. Uniplan Investment Counsel Inc. increased its stake in Comtech Telecommunications Corp. by 149.3% in the second quarter. Uniplan Investment Counsel Inc. now owns 566,738 shares of the communications equipment provider’s stock valued at $10,751,000 after purchasing an additional 339,399 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in Comtech Telecommunications Corp. by 127.7% in the second quarter. Paradigm Capital Management Inc. NY now owns 530,000 shares of the communications equipment provider’s stock valued at $10,054,000 after purchasing an additional 297,200 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Comtech Telecommunications Corp. by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,691,114 shares of the communications equipment provider’s stock valued at $24,927,000 after purchasing an additional 224,033 shares in the last quarter. Royce & Associates LP increased its stake in Comtech Telecommunications Corp. by 10.5% in the second quarter. Royce & Associates LP now owns 1,555,504 shares of the communications equipment provider’s stock valued at $29,508,000 after purchasing an additional 147,920 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Comtech Telecommunications Corp. by 28.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 389,116 shares of the communications equipment provider’s stock valued at $7,382,000 after purchasing an additional 85,596 shares in the last quarter. 88.74% of the stock is owned by hedge funds and other institutional investors.

Comtech Telecommunications Corp. (CMTL) opened at 22.11 on Friday. The firm has a market capitalization of $521.46 million, a PE ratio of 33.00 and a beta of 1.93. Comtech Telecommunications Corp. has a one year low of $9.52 and a one year high of $22.90. The stock’s 50 day moving average is $20.43 and its 200-day moving average is $17.55.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last issued its quarterly earnings results on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The company had revenue of $147.80 million during the quarter, compared to analyst estimates of $150.57 million. Comtech Telecommunications Corp. had a net margin of 2.88% and a return on equity of 1.70%. Comtech Telecommunications Corp.’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. On average, analysts anticipate that Comtech Telecommunications Corp. will post $0.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Wednesday, October 18th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, October 17th. This represents a $0.40 annualized dividend and a dividend yield of 1.81%. Comtech Telecommunications Corp.’s payout ratio is 59.70%.

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A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Comtech Telecommunications Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Northland Securities set a $22.00 price objective on shares of Comtech Telecommunications Corp. and gave the company a “buy” rating in a report on Monday, July 10th. BidaskClub cut shares of Comtech Telecommunications Corp. from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Noble Financial reiterated a “buy” rating on shares of Comtech Telecommunications Corp. in a report on Friday, September 29th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $21.00 price objective on shares of Comtech Telecommunications Corp. in a report on Thursday, September 28th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Comtech Telecommunications Corp. presently has a consensus rating of “Hold” and a consensus price target of $19.10.

About Comtech Telecommunications Corp.

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.

Institutional Ownership by Quarter for Comtech Telecommunications Corp. (NASDAQ:CMTL)

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