CA, Inc. (NASDAQ:CA) insider Ayman Sayed sold 30,194 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total value of $1,075,510.28. Following the sale, the insider now directly owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Ayman Sayed also recently made the following trade(s):
- On Tuesday, May 16th, Ayman Sayed sold 674 shares of CA stock. The stock was sold at an average price of $31.70, for a total value of $21,365.80.
Shares of CA, Inc. (NASDAQ CA) traded down 1.93% on Thursday, hitting $35.11. The stock had a trading volume of 7,941,630 shares. The company’s 50-day moving average price is $31.93 and its 200 day moving average price is $32.09. CA, Inc. has a 12-month low of $30.01 and a 12-month high of $35.82. The firm has a market cap of $14.67 billion, a P/E ratio of 18.98 and a beta of 0.92.
CA (NASDAQ:CA) last posted its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. CA had a return on equity of 11.04% and a net margin of 15.51%. CA’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. On average, equities research analysts forecast that CA, Inc. will post $2.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were issued a dividend of $0.255 per share. The ex-dividend date was Tuesday, May 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 2.91%. CA’s payout ratio is currently 55.14%.
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Hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock worth $657,139,000 after buying an additional 19,979,935 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock worth $834,606,000 after buying an additional 5,729,276 shares during the last quarter. Norges Bank acquired a new stake in shares of CA during the fourth quarter worth $105,650,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of CA during the fourth quarter worth $45,335,000. Finally, 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 worth $738,510,000 after buying an additional 1,029,064 shares during the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.
A number of equities research analysts have commented on the company. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 target price on shares of CA in a report on Wednesday. Evercore ISI downgraded CA from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Citigroup Inc. reissued a “neutral” rating and issued a $34.00 target price (up previously from $33.00) on shares of CA in a report on Sunday, May 14th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a report on Thursday. Finally, Zacks Investment Research raised CA from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. CA has an average rating of “Hold” and an average target price 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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