CA Inc. (NASDAQ:CA)‘s stock had its “market perform” rating reiterated by Raymond James Financial, Inc. in a research note issued on Thursday.
CA has been the topic of a number of other reports. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price target on shares of CA in a report on Wednesday, June 21st. Zacks Investment Research raised shares of CA from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Evercore ISI downgraded shares of CA from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. FIG Partners raised shares of CA to an “outperform” rating and increased their price target for the stock from $40.00 to $42.25 in a report on Wednesday, May 3rd. Finally, DA Davidson downgraded shares of CA from a “buy” rating to a “neutral” rating in a report on Monday, April 10th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $35.25.
CA (NASDAQ:CA) opened at 34.98 on Thursday. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 18.91 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 has a 12-month low of $30.01 and a 12-month high of $35.11.
CA (NASDAQ:CA) last announced its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. CA had a net margin of 19.20% and a return on equity of 17.15%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.59 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that CA will post $2.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Tuesday, May 23rd. CA’s dividend payout ratio is currently 55.14%.
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In related news, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position 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. Bank of New York Mellon Corp boosted its position in shares of CA by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 24,311,915 shares of the technology company’s stock worth $771,175,000 after buying an additional 546,030 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of CA by 2.1% in the first quarter. Macquarie Group Ltd. now owns 23,725,398 shares of the technology company’s stock worth $752,570,000 after buying an additional 479,924 shares during the last quarter. BlackRock Inc. boosted its position 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. Finally, Bank of America Corp DE boosted its position in shares of CA by 1.0% in the first quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock worth $498,611,000 after buying an additional 154,092 shares during the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.
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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