OppenheimerFunds Inc. raised its holdings in shares of CA, Inc. (NASDAQ:CA) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,570 shares of the technology company’s stock after buying an additional 2,217 shares during the period. OppenheimerFunds Inc.’s holdings in CA were worth $651,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in CA. Fieldpoint Private Securities LLC bought a new position in shares of CA in the third quarter worth approximately $101,000. Ffcm LLC boosted its position in shares of CA by 1,808.7% in the fourth quarter. Ffcm LLC now owns 3,073 shares of the technology company’s stock worth $103,000 after purchasing an additional 2,912 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of CA by 56.3% in the third 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 period. Capital One National Association bought a new position in shares of CA in the fourth quarter worth approximately $219,000. Finally, Magnetar Financial LLC bought a new position in shares of CA in the third quarter worth approximately $231,000. 67.89% of the stock is owned by institutional investors and hedge funds.
In other CA news, EVP Lauren Patricia Flaherty sold 10,793 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $36.75, for a total transaction of $396,642.75. Following the completion of the transaction, the executive vice president now owns 71,123 shares in the company, valued at $2,613,770.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob Lamm sold 77,610 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $36.77, for a total transaction of $2,853,719.70. Following the transaction, the executive vice president now owns 71,223 shares of the company’s stock, valued at approximately $2,618,869.71. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.
CA stock opened at $35.40 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. CA, Inc. has a 12-month low of $30.45 and a 12-month high of $37.25. The firm has a market cap of $14,750.78, a price-to-earnings ratio of 15.45, a P/E/G ratio of 4.48 and a beta of 0.69.
CA (NASDAQ:CA) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.20. CA had a net margin of 10.23% and a return on equity of 16.52%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. CA’s revenue for the quarter was up 8.5% on a year-over-year basis. analysts expect that CA, Inc. will post 2.37 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.02 annualized dividend and a yield of 2.88%. CA’s dividend payout ratio (DPR) is currently 100.99%.
A number of equities analysts have weighed in on CA shares. BidaskClub upgraded shares of CA from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Argus reiterated a “buy” rating and issued a $33.70 price target (down from $40.00) on shares of CA in a research report on Wednesday, February 7th. Jefferies Group reiterated a “buy” rating and issued a $41.00 price target on shares of CA in a research report on Wednesday, January 31st. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Friday, February 2nd. Finally, Barclays upped their price target on shares of CA from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $34.23.
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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