Pacer Advisors Inc. boosted its position in CA Inc. (NASDAQ:CA) by 30.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,114 shares of the technology company’s stock after buying an additional 3,324 shares during the period. Pacer Advisors Inc.’s holdings in CA were worth $448,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new stake in shares of CA during the fourth quarter worth approximately $100,000. Acrospire Investment Management LLC raised its stake in shares of CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock worth $121,000 after buying an additional 2,800 shares during the last quarter. Tompkins Financial Corp raised its stake in shares of CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock valued at $165,000 after buying an additional 4,022 shares in the last quarter. Hefty Wealth Partners raised its stake in shares of CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock valued at $167,000 after buying an additional 5,182 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock valued at $179,000 after buying an additional 492 shares in the last quarter. 71.69% of the stock is currently owned by hedge funds and other institutional investors.
CA Inc. (CA) traded down 0.37% during mid-day trading on Friday, reaching $34.98. The company had a trading volume of 5,111,054 shares. The stock has a market capitalization of $14.62 billion, a PE ratio of 18.91 and a beta of 0.92. The company’s 50-day moving average is $31.93 and its 200-day moving average is $32.09. CA Inc. has a one year low of $30.01 and a one year high of $35.11.
CA (NASDAQ:CA) last issued its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. CA had a net margin of 19.20% and a return on equity of 17.15%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. During the same period last year, the business posted $0.60 earnings per share. CA’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts anticipate that CA Inc. will post $2.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders 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 annualized dividend and a dividend yield of 2.92%. CA’s payout ratio is 55.14%.
Several research analysts have commented on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of CA in a research report on Wednesday. Evercore ISI cut CA from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Citigroup Inc. reiterated a “neutral” rating and issued a $34.00 price target (up from $33.00) on shares of CA in a research report on Sunday, May 14th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a research note on Thursday. Finally, Zacks Investment Research raised CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Three investment 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 presently has a consensus rating of “Hold” and an average target price of $35.25.
In other news, insider Ayman Sayed sold 30,194 shares of CA stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the completion of the transaction, the insider now directly owns 168,455 shares in the company, valued at $6,000,367.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is currently owned by company insiders.
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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