Victory Capital Management Inc. raised its stake in CA Inc. (NASDAQ:CA) by 36.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 222,795 shares of the technology company’s stock after buying an additional 59,398 shares during the period. Victory Capital Management Inc. owned about 0.05% of CA worth $7,067,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in CA during the fourth quarter valued at $105,650,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in CA during the fourth quarter worth $45,335,000. State Street Corp boosted its position in CA by 9.7% in the fourth quarter. State Street Corp now owns 14,953,694 shares of the technology company’s stock worth $475,079,000 after buying an additional 1,323,670 shares during the last quarter. FIL Ltd boosted its position in CA by 16.8% in the fourth quarter. FIL Ltd now owns 7,387,486 shares of the technology company’s stock worth $234,700,000 after buying an additional 1,060,383 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in CA by 4.6% in the fourth quarter. Macquarie Group Ltd. now owns 23,245,474 shares of the technology company’s stock worth $738,510,000 after buying an additional 1,029,064 shares during the last quarter. 71.69% of the stock is owned by institutional investors.
CA Inc. (NASDAQ:CA) traded up 0.82% during midday trading on Monday, hitting $31.93. 261,359 shares of the stock traded hands. CA Inc. has a 52-week low of $30.01 and a 52-week high of $34.99. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 17.26 and a beta of 0.92. The firm’s 50-day moving average is $31.99 and its 200-day moving average is $32.08.
CA (NASDAQ:CA) last issued its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. During the same period last year, the company earned $0.60 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts predict that CA Inc. will post $2.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, May 23rd. CA’s payout ratio is 55.14%.
A number of analysts recently commented on the stock. Citigroup Inc. restated a “neutral” rating and set a $34.00 price target (up from $33.00) on shares of CA in a research note on Sunday, May 14th. Zacks Investment Research lowered shares of CA from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. DA Davidson reaffirmed a “neutral” rating and set a $12.00 target price on shares of CA in a report on Friday, May 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of CA in a report on Friday, April 28th. Finally, Evercore ISI lowered shares of CA from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. CA has a consensus rating of “Hold” and a consensus target price of $35.25.
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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