Voya Investment Management LLC increased its position in shares of CalAmp Corp. (NASDAQ:CAMP) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 878,417 shares of the Wireless communications provider’s stock after acquiring an additional 23,819 shares during the quarter. Voya Investment Management LLC owned about 2.48% of CalAmp Corp. worth $17,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial For Lutherans lifted its stake in shares of CalAmp Corp. by 0.8% during the first quarter. Thrivent Financial For Lutherans now owns 19,970 shares of the Wireless communications provider’s stock valued at $335,000 after acquiring an additional 160 shares during the period. Texas Permanent School Fund boosted its holdings in CalAmp Corp. by 0.7% in the second quarter. Texas Permanent School Fund now owns 25,808 shares of the Wireless communications provider’s stock valued at $525,000 after acquiring an additional 170 shares during the last quarter. Mason Street Advisors LLC increased its position in CalAmp Corp. by 4.3% in the first quarter. Mason Street Advisors LLC now owns 8,280 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 341 shares during the period. TIAA CREF Investment Management LLC increased its position in CalAmp Corp. by 0.5% in the second quarter. TIAA CREF Investment Management LLC now owns 96,324 shares of the Wireless communications provider’s stock worth $1,958,000 after purchasing an additional 468 shares during the period. Finally, Baker Avenue Asset Management LP increased its position in CalAmp Corp. by 1.5% in the second quarter. Baker Avenue Asset Management LP now owns 48,492 shares of the Wireless communications provider’s stock worth $986,000 after purchasing an additional 736 shares during the period. 72.88% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on CAMP. Northland Securities reissued a “buy” rating and set a $25.00 price objective on shares of CalAmp Corp. in a report on Sunday. B. Riley restated a “buy” rating and set a $28.00 target price on shares of CalAmp Corp. in a research report on Friday. Craig Hallum raised their target price on shares of CalAmp Corp. from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday. Canaccord Genuity raised their target price on shares of CalAmp Corp. from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday. Finally, BidaskClub cut shares of CalAmp Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $22.63.

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CalAmp Corp. (NASDAQ CAMP) opened at 24.27 on Tuesday. The firm’s 50-day moving average price is $19.32 and its 200-day moving average price is $18.70. The company has a market cap of $864.04 million, a PE ratio of 224.72 and a beta of 1.60. CalAmp Corp. has a one year low of $12.13 and a one year high of $24.69.

CalAmp Corp. (NASDAQ:CAMP) last posted its earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. CalAmp Corp. had a net margin of 1.31% and a return on equity of 18.18%. The firm had revenue of $89.80 million for the quarter, compared to analyst estimates of $88.72 million. During the same period in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts forecast that CalAmp Corp. will post $1.17 earnings per share for the current fiscal year.

CalAmp Corp. Profile

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

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Institutional Ownership by Quarter for CalAmp Corp. (NASDAQ:CAMP)

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