BlackRock Inc. Acquires 300,439 Shares of CA Inc. (CA)

BlackRock Inc. grew its holdings in CA Inc. (NASDAQ:CA) by 1.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,017,338 shares of the technology company’s stock after buying an additional 300,439 shares during the period. BlackRock Inc. owned 5.06% of CA worth $724,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CA. Boston Partners acquired a new stake in shares of CA in the first quarter valued at about $588,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in CA by 29.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,254 shares of the technology company’s stock worth $738,000 after purchasing an additional 5,290 shares during the last quarter. State of Wisconsin Investment Board increased its position in CA by 28.4% during the first quarter. State of Wisconsin Investment Board now owns 204,842 shares of the technology company’s stock worth $6,498,000 after purchasing an additional 45,265 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in CA by 76.1% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 63,368 shares of the technology company’s stock worth $2,010,000 after purchasing an additional 27,383 shares during the last quarter. Finally, Oxford Asset Management acquired a new stake in CA during the first quarter worth about $569,000. Institutional investors and hedge funds own 67.51% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Sanford C. Bernstein restated an “underperform” rating and set a $28.00 price objective on shares of CA in a research report on Wednesday, June 28th. Citigroup Inc. raised their price objective on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. Zacks Investment Research cut shares of CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, BidaskClub cut shares of CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $34.88.

In other CA news, insider Adam Elster sold 166,621 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the sale, the insider now directly owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael P. Gregoire sold 71,235 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $33.38, for a total value of $2,377,824.30. Following the completion of the sale, the insider now directly owns 285,652 shares in the company, valued at $9,535,063.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 286,056 shares of company stock worth $9,330,507. Corporate insiders own 0.90% of the company’s stock.

Shares of CA Inc. (CA) opened at 32.61 on Thursday. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The company has a 50-day moving average of $32.62 and a 200 day moving average of $32.62. The firm has a market cap of $13.74 billion, a PE ratio of 18.12 and a beta of 0.82.

CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. The business’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS. On average, equities research analysts expect that CA Inc. will post $2.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.

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About CA

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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Institutional Ownership by Quarter for CA (NASDAQ:CA)

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