California Public Employees Retirement System Cuts Position in CA, Inc. (CA)

California Public Employees Retirement System decreased its stake in CA, Inc. (NASDAQ:CA) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 870,072 shares of the technology company’s stock after selling 21,100 shares during the period. California Public Employees Retirement System owned about 0.21% of CA worth $27,599,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TLP Group LLC purchased a new stake in shares of CA during the first quarter worth $381,000. M&T Bank Corp boosted its position in shares of CA by 3.1% in the first quarter. M&T Bank Corp now owns 740,408 shares of the technology company’s stock valued at $23,485,000 after buying an additional 22,308 shares during the period. Victory Capital Management Inc. boosted its position in shares of CA by 36.4% in the first quarter. Victory Capital Management Inc. now owns 222,795 shares of the technology company’s stock valued at $7,067,000 after buying an additional 59,398 shares during the period. Pacer Advisors Inc. boosted its position in shares of CA by 30.8% in the first quarter. Pacer Advisors Inc. now owns 14,114 shares of the technology company’s stock valued at $448,000 after buying an additional 3,324 shares during the period. Finally, Boston Private Wealth LLC boosted its position in shares of CA by 4.4% in the first quarter. Boston Private Wealth LLC now owns 54,889 shares of the technology company’s stock valued at $1,741,000 after buying an additional 2,292 shares during the period. Institutional investors own 71.69% of the company’s stock.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

CA, Inc. (CA) traded down 1.73% during mid-day trading on Thursday, hitting $35.18. The stock had a trading volume of 4,072,153 shares. CA, Inc. has a one year low of $30.01 and a one year high of $35.82. The company has a market cap of $14.70 billion, a PE ratio of 19.02 and a beta of 0.92. The firm’s 50-day moving average price is $31.93 and its 200 day moving average price is $32.09.

CA (NASDAQ:CA) last posted its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 11.04% and a net margin of 15.51%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. During the same quarter in the prior year, the company earned $0.60 EPS. CA’s revenue was up .3% on a year-over-year basis. On average, equities research analysts anticipate that CA, Inc. will post $2.39 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were paid 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 2.85%. CA’s dividend payout ratio is presently 55.14%.

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A number of analysts recently issued reports on the stock. Evercore ISI downgraded shares of 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 research note on Tuesday, March 7th. Zacks Investment Research raised shares of CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. DA Davidson lowered shares of CA from a “buy” rating to a “neutral” rating in a research report on Monday, April 10th. Finally, Piper Jaffray Companies boosted their price objective on shares of CA from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.25.

About CA

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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