CA’s (NASDAQ:CA) “Sector Weight” Rating Reiterated at KeyCorp

KeyCorp reiterated their sector weight rating on shares of CA Inc. (NASDAQ:CA) in a research note published on Sunday, September 17th, MarketBeat Ratings reports.

Several other equities analysts have also commented on the stock. Citigroup Inc. upped their price target 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. BidaskClub lowered shares of CA from a hold rating to a sell rating in a research report on Saturday, July 1st. Jefferies Group LLC restated a buy rating and set a $38.00 price target on shares of CA in a research report on Wednesday, June 21st. Royal Bank Of Canada restated a hold rating and set a $32.00 price target on shares of CA in a research report on Monday, August 21st. Finally, Zacks Investment Research lowered shares of CA from a buy rating to a hold rating in a research report on Monday, July 17th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $34.88.

CA (CA) opened at 32.68 on Friday. The stock has a market capitalization of $13.77 billion, a price-to-earnings ratio of 18.16 and a beta of 0.82. CA has a one year low of $30.01 and a one year high of $36.54. The company’s 50-day moving average is $32.62 and its 200 day moving average is $32.62.

CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts expect that CA will post $2.46 EPS for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, August 22nd. CA’s payout ratio is 56.67%.

In other CA news, EVP Jacob Lamm sold 16,349 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $33.45, for a total transaction of $546,874.05. Following the completion of the sale, the executive vice president now directly owns 45,483 shares of the company’s stock, valued at $1,521,406.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold 286,056 shares of company stock valued at $9,330,507 over the last ninety days. Insiders own 0.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CA. Boston Partners acquired a new position in shares of CA in the 1st quarter valued at about $588,000. Henderson Group PLC increased its holdings in shares of CA by 3.5% in the 1st quarter. Henderson Group PLC now owns 35,129 shares of the technology company’s stock valued at $1,114,000 after purchasing an additional 1,200 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of CA by 29.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,254 shares of the technology company’s stock valued at $738,000 after purchasing an additional 5,290 shares during the period. State of Wisconsin Investment Board increased its holdings in shares of CA by 28.4% in the 1st quarter. State of Wisconsin Investment Board now owns 204,842 shares of the technology company’s stock valued at $6,498,000 after purchasing an additional 45,265 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of CA by 11.4% in the 1st quarter. Assetmark Inc. now owns 17,554 shares of the technology company’s stock valued at $557,000 after purchasing an additional 1,797 shares during the period. Institutional investors own 67.51% of the company’s stock.

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.

Analyst Recommendations for CA (NASDAQ:CA)

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