Several other equities analysts have also recently weighed in on CA. Jefferies Group LLC reiterated a buy rating and set a $38.00 price objective on shares of CA in a research report on Thursday, June 1st. Raymond James Financial, Inc. reissued a market perform rating on shares of CA in a research note on Thursday, June 22nd. Citigroup Inc. lifted their target price on shares of CA from $34.00 to $36.00 and gave the company a neutral rating in a research note on Wednesday, June 28th. Sanford C. Bernstein reissued an underperform rating and set a $28.00 target price on shares of CA in a research note on Wednesday, June 28th. Finally, BidaskClub lowered shares of CA from a hold rating to a sell rating in a research note on Saturday, July 1st. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $34.88.
CA (NASDAQ CA) opened at 33.10 on Friday. The firm’s 50 day moving average price is $32.51 and its 200-day moving average price is $32.61. CA has a 52 week low of $30.01 and a 52 week high of $36.54. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 18.39 and a beta of 0.82.
CA (NASDAQ:CA) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company posted $0.64 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Analysts expect that CA will post $2.46 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Tuesday, August 22nd. CA’s payout ratio is presently 56.67%.
In other CA news, insider Adam Elster sold 166,621 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the transaction, the insider now owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ayman Sayed sold 12,920 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $32.19, for a total transaction of $415,894.80. Following the transaction, the insider now directly owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 316,250 shares of company stock valued at $10,406,017. 0.90% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Fort Pitt Capital Group LLC increased its holdings in shares of CA by 0.6% during the 1st quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after purchasing an additional 6,328 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of CA by 11.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after purchasing an additional 2,691,791 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of CA by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after purchasing an additional 100 shares during the period. TLP Group LLC bought a new position in shares of CA during the 1st quarter worth about $381,000. Finally, Highland Capital Management LLC bought a new position in shares of CA during the 2nd quarter worth about $202,000. 67.51% of the stock is owned by hedge funds and other institutional investors.
CA Company Profile
CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.
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