Mutual of America Capital Management LLC decreased its stake in CA, Inc. (NASDAQ:CA) by 21.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,469 shares of the technology company’s stock after selling 11,521 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CA were worth $1,413,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC purchased a new stake in CA in the 3rd quarter worth approximately $101,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of CA by 56.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock worth $210,000 after purchasing an additional 2,259 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of CA during the 3rd quarter worth $231,000. Atria Investments LLC acquired a new position in shares of CA during the 4th quarter worth $248,000. Finally, Stevens Capital Management LP acquired a new position in shares of CA during the 3rd quarter worth $269,000. Institutional investors own 68.98% of the company’s stock.
CA, Inc. (CA) opened at $35.24 on Friday. CA, Inc. has a 12 month low of $30.45 and a 12 month high of $36.56. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The stock has a market cap of $14,750.00, a price-to-earnings ratio of 34.89, a P/E/G ratio of 4.33 and a beta of 0.70.
CA (NASDAQ:CA) last posted its earnings results on Tuesday, January 30th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.20. CA had a net margin of 10.23% and a return on equity of 16.52%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business posted $0.63 EPS. CA’s revenue was up 8.5% compared to the same quarter last year. equities analysts anticipate that CA, Inc. will post 2.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Thursday, February 22nd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.02 dividend on an annualized basis and a yield of 2.89%. CA’s payout ratio is presently 100.99%.
Several research analysts have recently commented on CA shares. Mizuho restated a “hold” rating and set a $34.00 price target on shares of CA in a research note on Wednesday, October 25th. Barclays dropped their price target on shares of CA from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Monday, October 30th. BidaskClub lowered shares of CA from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Finally, Credit Suisse Group increased their price target on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Two investment 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. The company presently has a consensus rating of “Hold” and an average price target of $34.23.
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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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