Nisa Investment Advisors LLC lowered its stake in shares of CA, Inc. (NASDAQ:CA) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,490 shares of the technology company’s stock after selling 5,700 shares during the quarter. Nisa Investment Advisors LLC’s holdings in CA were worth $5,874,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in CA. Parametric Portfolio Associates LLC grew its position in shares of CA by 4.1% during the third quarter. Parametric Portfolio Associates LLC now owns 1,310,912 shares of the technology company’s stock worth $43,758,000 after acquiring an additional 51,724 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in shares of CA during the third quarter worth approximately $470,000. Fieldpoint Private Securities LLC purchased a new position in shares of CA during the third quarter worth approximately $101,000. Eii Capital Management Inc. purchased a new position in shares of CA during the third quarter worth approximately $1,774,000. Finally, Piedmont Investment Advisors LLC grew its position in shares of CA by 1.9% during the third quarter. Piedmont Investment Advisors LLC now owns 174,224 shares of the technology company’s stock worth $5,816,000 after acquiring an additional 3,252 shares during the last quarter. 68.77% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on CA. BidaskClub lowered shares of CA from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Monday, October 30th. Barclays lowered their price objective on shares of CA from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. Finally, Mizuho reiterated a “hold” rating and issued a $34.00 price objective on shares of CA in a research report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.70.
In other CA news, EVP Lauren Patricia Flaherty sold 24,843 shares of the business’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 sale, the executive vice president now directly owns 82,000 shares in the company, valued at approximately $2,672,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by insiders.
CA, Inc. (CA) opened at $34.09 on Tuesday. CA, Inc. has a 1 year low of $30.45 and a 1 year high of $36.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $14,268.14, a price-to-earnings ratio of 19.59, a P/E/G ratio of 4.55 and a beta of 0.74.
CA (NASDAQ:CA) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.62 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 revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. equities analysts anticipate that CA, Inc. will post 2.25 earnings per share for the current year.
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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