OppenheimerFunds Inc. increased its stake in CalAmp Corp. (NASDAQ:CAMP) by 17.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,409 shares of the Wireless communications provider’s stock after buying an additional 2,250 shares during the period. OppenheimerFunds Inc.’s holdings in CalAmp Corp. were worth $258,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CAMP. Tributary Capital Management LLC raised its position in CalAmp Corp. by 33.8% in the first quarter. Tributary Capital Management LLC now owns 714,226 shares of the Wireless communications provider’s stock valued at $11,992,000 after buying an additional 180,468 shares during the last quarter. Cadence Capital Management LLC bought a new position in CalAmp Corp. during the first quarter valued at about $1,427,000. Stifel Financial Corp bought a new position in CalAmp Corp. during the first quarter valued at about $171,000. JPMorgan Chase & Co. raised its position in CalAmp Corp. by 4.7% in the first quarter. JPMorgan Chase & Co. now owns 111,799 shares of the Wireless communications provider’s stock valued at $1,877,000 after buying an additional 5,042 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in CalAmp Corp. by 20.0% in the first quarter. Envestnet Asset Management Inc. now owns 17,929 shares of the Wireless communications provider’s stock valued at $301,000 after buying an additional 2,993 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

CalAmp Corp. (NASDAQ CAMP) opened at 19.30 on Tuesday. CalAmp Corp. has a 1-year low of $12.13 and a 1-year high of $20.89. The stock’s market cap is $683.14 million. The stock has a 50 day moving average price of $19.55 and a 200-day moving average price of $17.42.

CalAmp Corp. (NASDAQ:CAMP) last released its earnings results on Tuesday, June 27th. The Wireless communications provider reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $88.10 million for the quarter, compared to analysts’ expectations of $86.85 million. CalAmp Corp. had a positive return on equity of 18.84% and a negative net margin of 2.05%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. On average, equities analysts expect that CalAmp Corp. will post $1.17 EPS for the current year.

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Several equities analysts recently issued reports on the company. B. Riley restated a “buy” rating and set a $28.00 price target on shares of CalAmp Corp. in a research report on Saturday, July 1st. Craig Hallum raised their price target on CalAmp Corp. from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Northland Securities restated a “buy” rating and set a $20.00 price target on shares of CalAmp Corp. in a research report on Monday, June 26th. Benchmark Co. assumed coverage on CalAmp Corp. in a research report on Tuesday, April 25th. They set a “buy” rating and a $23.00 price target on the stock. Finally, Zacks Investment Research upgraded CalAmp Corp. from a “sell” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Friday, April 21st. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. CalAmp Corp. presently has an average rating of “Buy” and an average price target of $20.88.

In related news, CEO Michael J. Burdiek sold 10,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the transaction, the chief executive officer now owns 479,093 shares of the company’s stock, valued at $9,581,860. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Garo Sarkis Sarkissian sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $18.83, for a total value of $282,450.00. Following the completion of the transaction, the senior vice president now directly owns 200,680 shares in the company, valued at approximately $3,778,804.40. The disclosure for this sale can be found here. 5.30% of the stock is owned by corporate insiders.

About CalAmp Corp.

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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