CA Inc. (CA) Receives $34.10 Consensus Target Price from Brokerages

Shares of CA Inc. (NASDAQ:CA) have earned a consensus recommendation of “Hold” from the twenty-one brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $34.10.

A number of research firms have recently commented on CA. Mizuho reaffirmed a “hold” rating and set a $34.00 target price on shares of CA in a research note on Friday, July 28th. Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. BidaskClub raised CA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $34.00 target price on shares of CA in a research note on Tuesday, September 5th.

Shares of CA (NASDAQ:CA) traded up 0.21% during midday trading on Friday, hitting $33.64. The stock had a trading volume of 1,487,428 shares. The company has a market cap of $14.17 billion, a PE ratio of 18.69 and a beta of 0.83. The company’s 50 day moving average is $33.11 and its 200 day moving average is $32.73. CA has a 52-week low of $30.01 and a 52-week high of $36.54.

CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. The firm had revenue of $1.03 billion for 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 company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. On average, analysts anticipate that CA will post $2.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.02 annualized dividend and a yield of 3.03%. CA’s dividend payout ratio (DPR) is presently 56.67%.

In other CA news, insider Ayman Sayed sold 12,920 shares of the 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 sale, the insider now owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Elster sold 166,621 shares of the stock in a transaction on Monday, August 7th. The shares were 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 in the company, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold a total of 286,056 shares of company stock worth $9,330,507 in the last ninety days. Insiders own 0.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CA. Cleararc Capital Inc. lifted its holdings in shares of CA by 0.4% during the 1st quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock valued at $243,000 after purchasing an additional 32 shares during the last quarter. Hefty Wealth Partners lifted its holdings in shares of CA by 0.6% during the 2nd quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock valued at $183,000 after purchasing an additional 32 shares during the last quarter. Advisor Partners LLC lifted its holdings in shares of CA by 0.9% during the 2nd quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock valued at $253,000 after purchasing an additional 64 shares during the last quarter. U S Global Investors Inc lifted its holdings in shares of CA by 0.6% during the 1st quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock valued at $492,000 after purchasing an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted 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 valued at $669,000 after purchasing an additional 100 shares during the last quarter. 67.51% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This story was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/ca

A number of research firms have recently commented on CA. Mizuho reaffirmed a “hold” rating and set a $34.00 target price on shares of CA in a research note on Friday, July 28th. Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. BidaskClub raised CA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $34.00 target price on shares of CA in a research note on Tuesday, September 5th.

Shares of CA (NASDAQ:CA) traded up 0.21% during midday trading on Friday, hitting $33.64. The stock had a trading volume of 1,487,428 shares. The company has a market cap of $14.17 billion, a PE ratio of 18.69 and a beta of 0.83. The company’s 50 day moving average is $33.11 and its 200 day moving average is $32.73. CA has a 52-week low of $30.01 and a 52-week high of $36.54.

CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. The firm had revenue of $1.03 billion for 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 company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. On average, analysts anticipate that CA will post $2.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.02 annualized dividend and a yield of 3.03%. CA’s dividend payout ratio (DPR) is presently 56.67%.

In other CA news, insider Ayman Sayed sold 12,920 shares of the 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 sale, the insider now owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Elster sold 166,621 shares of the stock in a transaction on Monday, August 7th. The shares were 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 in the company, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold a total of 286,056 shares of company stock worth $9,330,507 in the last ninety days. Insiders own 0.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CA. Cleararc Capital Inc. lifted its holdings in shares of CA by 0.4% during the 1st quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock valued at $243,000 after purchasing an additional 32 shares during the last quarter. Hefty Wealth Partners lifted its holdings in shares of CA by 0.6% during the 2nd quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock valued at $183,000 after purchasing an additional 32 shares during the last quarter. Advisor Partners LLC lifted its holdings in shares of CA by 0.9% during the 2nd quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock valued at $253,000 after purchasing an additional 64 shares during the last quarter. U S Global Investors Inc lifted its holdings in shares of CA by 0.6% during the 1st quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock valued at $492,000 after purchasing an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted 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 valued at $669,000 after purchasing an additional 100 shares during the last quarter. 67.51% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This story was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/ca-inc-ca-receives-34-10-consensus-target-price-from-brokerages.html.

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.

Analyst Recommendations for CA (NASDAQ:CA)

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