Boston Partners acquired a new stake in CA, Inc. (NASDAQ:CA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,545 shares of the technology company’s stock, valued at approximately $588,000.
Several other institutional investors have also recently modified their holdings of CA. Macquarie Group Ltd. increased its stake in shares of CA by 4.6% in the fourth quarter. Macquarie Group Ltd. now owns 23,245,474 shares of the technology company’s stock valued at $738,510,000 after buying an additional 1,029,064 shares during the period. State Street Corp increased its stake in shares of CA by 9.7% in the fourth quarter. State Street Corp now owns 14,953,694 shares of the technology company’s stock valued at $475,079,000 after buying an additional 1,323,670 shares during the period. FIL Ltd increased its stake in shares of CA by 16.8% in the fourth quarter. FIL Ltd now owns 7,387,486 shares of the technology company’s stock valued at $234,700,000 after buying an additional 1,060,383 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of CA by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,350,520 shares of the technology company’s stock valued at $170,004,000 after buying an additional 22,777 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of CA by 17.4% in the fourth quarter. AQR Capital Management LLC now owns 3,946,366 shares of the technology company’s stock valued at $125,376,000 after buying an additional 583,809 shares during the period. 68.63% of the stock is currently owned by institutional investors.
Shares of CA, Inc. (NASDAQ:CA) opened at 31.61 on Thursday. The firm has a market cap of $13.21 billion, a P/E ratio of 17.09 and a beta of 0.92. CA, Inc. has a 12 month low of $30.01 and a 12 month high of $34.99. The company has a 50-day moving average of $32.05 and a 200-day moving average of $32.04.
CA (NASDAQ:CA) last issued its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. CA had a net margin of 19.64% and a return on equity of 17.98%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. Equities analysts forecast that CA, Inc. will post $2.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Thursday, May 25th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.23%. The ex-dividend date is Tuesday, May 23rd. CA’s dividend payout ratio is presently 53.97%.
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Several equities research analysts have recently weighed in on the stock. Citigroup Inc reiterated a “neutral” rating and set a $34.00 target price (up previously from $33.00) on shares of CA in a research note on Sunday, May 14th. Zacks Investment Research downgraded shares of CA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. FIG Partners downgraded shares of CA to a “market perform” rating and increased their target price for the stock from $35.00 to $40.00 in a research note on Tuesday, January 31st. DA Davidson reiterated a “neutral” rating and set a $12.00 target price on shares of CA in a research note on Friday, May 19th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $38.00 target price on shares of CA in a research note on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. CA currently has a consensus rating of “Hold” and an average price target of $35.25.
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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