Stock Traders Buy High Volume of Call Options on CA (CA)

CA, Inc. (NASDAQ:CA) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 4,535 call options on the company. This represents an increase of approximately 1,830% compared to the average volume of 235 call options.

A number of research analysts recently issued reports on the stock. Credit Suisse Group reiterated a “neutral” rating and issued a $34.00 target price on shares of CA in a research note on Tuesday, September 5th. Mizuho reiterated a “hold” rating and issued a $34.00 target price on shares of CA in a research note on Wednesday, October 25th. Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Royal Bank of Canada reiterated a “hold” rating and issued a $32.00 target price on shares of CA in a research note on Monday, August 21st. Finally, KeyCorp restated a “sector weight” rating on shares of CA in a research report on Sunday, September 17th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $33.70.

In other news, EVP Lauren Patricia Flaherty sold 24,843 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $32.59, for a total transaction of $809,633.37. Following the transaction, the executive vice president now owns 82,000 shares in the company, valued at approximately $2,672,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC bought a new position in shares of CA during the 3rd quarter worth about $101,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of CA by 26.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after acquiring an additional 654 shares during the period. Bessemer Group Inc. lifted its holdings in shares of CA by 419.6% during the 2nd quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock worth $134,000 after acquiring an additional 3,126 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of CA by 4.2% during the 2nd quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock worth $145,000 after acquiring an additional 169 shares during the period. Finally, Hikari Power Ltd bought a new position in shares of CA during the 2nd quarter worth about $211,000. 69.11% of the stock is owned by institutional investors.

Shares of CA (NASDAQ:CA) opened at $33.19 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The stock has a market cap of $14,017.02, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 4.47 and a beta of 0.74. CA has a 12-month low of $30.45 and a 12-month high of $36.54.

CA (NASDAQ:CA) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.62 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.62. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.05 billion. CA had a net margin of 17.83% and a return on equity of 15.74%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. sell-side analysts predict that CA will post 2.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Wednesday, November 29th. CA’s payout ratio is 58.62%.

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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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