Schwab Charles Investment Management Inc. Buys 206,713 Shares of CA Inc. (CA)

Schwab Charles Investment Management Inc. increased its position in shares of CA Inc. (NASDAQ:CA) by 14.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,640,321 shares of the technology company’s stock after buying an additional 206,713 shares during the period. Schwab Charles Investment Management Inc. owned 0.39% of CA worth $52,031,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CA. Prudential PLC bought a new position in CA during the fourth quarter worth about $696,000. Baird Financial Group Inc. raised its position in CA by 3.9% in the fourth quarter. Baird Financial Group Inc. now owns 42,975 shares of the technology company’s stock worth $1,365,000 after buying an additional 1,623 shares during the period. TCW Group Inc. raised its position in CA by 66.2% in the fourth quarter. TCW Group Inc. now owns 38,547 shares of the technology company’s stock worth $1,225,000 after buying an additional 15,347 shares during the period. FMR LLC raised its position in CA by 0.5% in the fourth quarter. FMR LLC now owns 119,299 shares of the technology company’s stock worth $3,790,000 after buying an additional 621 shares during the period. Finally, Keybank National Association OH bought a new position in CA during the fourth quarter worth about $249,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

Shares of CA Inc. (CA) traded up 14.09% during mid-day trading on Wednesday, reaching $36.03. The company’s stock had a trading volume of 1,953,709 shares. CA Inc. has a 52 week low of $30.01 and a 52 week high of $36.54. The firm has a market capitalization of $15.05 billion, a PE ratio of 19.48 and a beta of 0.92. The firm has a 50-day moving average of $31.93 and a 200-day moving average of $32.09.

CA (NASDAQ:CA) last announced its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The company 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 firm earned $0.60 earnings per share. The company’s revenue was up .3% on a year-over-year basis. Equities research analysts forecast that CA Inc. will post $2.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.02 annualized dividend and a dividend yield of 3.23%. CA’s payout ratio is 55.14%.

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A number of research analysts recently issued reports on CA shares. Evercore ISI lowered CA from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 target price on shares of CA in a report on Tuesday, March 7th. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. DA Davidson lowered CA from a “buy” rating to a “neutral” rating in a report on Monday, April 10th. Finally, Piper Jaffray Companies lifted their target price on CA from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, April 17th. Three research analysts have rated the stock with a sell rating, seven 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 a consensus price target 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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