New York State Teachers Retirement System boosted its holdings in Comtech Telecommunications Corp. (NASDAQ:CMTL) by 6.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,238 shares of the communications equipment provider’s stock after purchasing an additional 3,800 shares during the quarter. New York State Teachers Retirement System owned 0.27% of Comtech Telecommunications Corp. worth $1,298,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its stake in Comtech Telecommunications Corp. by 3.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,570 shares of the communications equipment provider’s stock worth $106,000 after purchasing an additional 210 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Comtech Telecommunications Corp. by 12.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 8,957 shares of the communications equipment provider’s stock worth $132,000 after purchasing an additional 984 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Comtech Telecommunications Corp. by 49.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,055 shares of the communications equipment provider’s stock worth $229,000 after purchasing an additional 3,972 shares in the last quarter. Arizona State Retirement System raised its stake in Comtech Telecommunications Corp. by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 12,329 shares of the communications equipment provider’s stock worth $234,000 after purchasing an additional 100 shares in the last quarter. Finally, American International Group Inc. raised its stake in Comtech Telecommunications Corp. by 7.9% in the 1st quarter. American International Group Inc. now owns 13,721 shares of the communications equipment provider’s stock worth $202,000 after purchasing an additional 1,010 shares in the last quarter. Institutional investors and hedge funds own 86.29% of the company’s stock.

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Comtech Telecommunications Corp. (NASDAQ:CMTL) opened at $19.49 on Tuesday. The company has a market cap of $461.58, a P/E ratio of 57.56, a PEG ratio of 9.55 and a beta of 1.92. The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 0.37. Comtech Telecommunications Corp. has a 12-month low of $9.65 and a 12-month high of $22.90.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Wednesday, October 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Tuesday, October 17th. Comtech Telecommunications Corp.’s dividend payout ratio (DPR) is presently 59.70%.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Comtech Telecommunications Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Noble Financial restated a “buy” rating on shares of Comtech Telecommunications Corp. in a research report on Friday, September 29th. Finally, BMO Capital Markets restated a “buy” rating and issued a $21.00 target price on shares of Comtech Telecommunications Corp. in a research report on Thursday, September 28th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $19.10.

Comtech Telecommunications Corp. Company Profile

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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