BidaskClub cut shares of CA Inc. (NASDAQ:CA) from a sell rating to a strong sell rating in a report published on Thursday.
Other analysts have also issued reports about the company. Jefferies Group LLC reiterated a buy rating and set a $38.00 price objective on shares of CA in a report on Thursday, June 1st. Mizuho reiterated a hold rating and set a $34.00 price objective on shares of CA in a report on Friday, July 28th. Zacks Investment Research lowered CA from a buy rating to a hold rating in a report on Monday, July 17th. Raymond James Financial, Inc. reiterated a market perform rating on shares of CA in a report on Thursday, June 22nd. Finally, Credit Suisse Group reiterated a neutral rating and set a $34.00 price objective on shares of CA in a report on Tuesday, September 5th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $34.88.
CA (NASDAQ:CA) traded up 0.43% during midday trading on Thursday, reaching $32.50. The company’s stock had a trading volume of 882,519 shares. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of 18.06 and a beta of 0.82. The stock’s 50-day moving average price is $32.62 and its 200-day moving average price is $32.62. CA has a 12 month low of $30.01 and a 12 month high of $36.54.
CA (NASDAQ:CA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned $0.64 earnings per share. CA’s quarterly revenue was up 2.6% compared to the same quarter last year. Analysts predict that CA will post $2.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
In other news, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is available at the SEC website. Also, insider Ayman Sayed sold 18,694 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $32.47, for a total value of $606,994.18. Following the completion of the sale, the insider now directly owns 120,196 shares in the company, valued at $3,902,764.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 286,056 shares of company stock worth $9,330,507. 0.90% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in CA by 26.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after buying an additional 654 shares in the last quarter. Parallel Advisors LLC grew its position in CA by 3.4% during the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock worth $106,000 after buying an additional 107 shares in the last quarter. Bessemer Group Inc. grew its position in CA by 419.6% during the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock worth $134,000 after buying an additional 3,126 shares in the last quarter. D.A. Davidson & CO. grew its position in CA by 4.2% during the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock worth $145,000 after buying an additional 169 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in CA by 7.4% during the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock worth $159,000 after buying an additional 319 shares in the last quarter. 67.51% of the stock is currently owned by institutional investors and hedge funds.
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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