CA (CA) Earning Somewhat Favorable News Coverage, Report Finds

Headlines about CA (NASDAQ:CA) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CA earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 53 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the stock’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern’s analysis:

Insider Buying and Selling by Quarter for CA (NASDAQ:CA)

CA has been the subject of several recent analyst reports. Evercore ISI downgraded CA from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Jefferies Group LLC restated a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Tuesday, March 7th. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. DA Davidson downgraded CA from a “buy” rating to a “neutral” rating in a research note on Monday, April 10th. Finally, Piper Jaffray Companies upped their price target on CA from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.25.

CA (CA) traded down 0.43% on Friday, hitting $34.96. The stock had a trading volume of 2,172,307 shares. The company has a 50-day moving average of $31.93 and a 200 day moving average of $32.09. CA has a 12 month low of $30.01 and a 12 month high of $35.11. The company has a market cap of $14.61 billion, a PE ratio of 18.90 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 EPS 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 analysts’ expectations of $996.59 million. CA had a return on equity of 17.15% and a net margin of 19.20%. The business’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. On average, analysts predict that CA will post $2.39 EPS for the current fiscal year.

The company also recently declared 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 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Tuesday, May 23rd. CA’s payout ratio is 55.14%.

In related news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the completion of the sale, the insider now directly owns 168,455 shares in the company, valued at $6,000,367.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is currently owned by insiders.

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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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