Several other research analysts also recently weighed in on the stock. DA Davidson restated a neutral rating and set a $12.00 price target on shares of CA in a research report on Friday, May 19th. Zacks Investment Research downgraded shares of CA from a hold rating to a sell rating in a report on Tuesday, May 16th. Citigroup Inc. reiterated a neutral rating and issued a $34.00 price objective (up previously from $33.00) on shares of CA in a report on Sunday, May 14th. Oppenheimer Holdings, Inc. reiterated a market perform rating on shares of CA in a report on Friday, May 12th. Finally, Raymond James Financial, Inc. upgraded shares of CA from a market perform rating to an outperform rating and set a $42.00 price objective for the company in a report on Monday, May 8th. Three equities 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 stock. The stock currently has a consensus rating of Hold and a consensus target price of $35.25.
Shares of CA (NASDAQ CA) opened at 34.81 on Wednesday. The company has a 50 day moving average price of $31.93 and a 200 day moving average price of $32.09. The stock has a market cap of $14.54 billion, a P/E ratio of 18.82 and a beta of 0.92. CA has a 1-year low of $30.01 and a 1-year high of $35.27.
CA (NASDAQ:CA) last issued its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 earnings per share 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 business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. On average, equities analysts anticipate that CA will post $2.39 EPS for the current year.
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The business also recently disclosed 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. The ex-dividend date was Tuesday, May 23rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.93%. CA’s payout ratio is currently 55.14%.
In related news, insider Ayman Sayed sold 30,194 shares of the 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 owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in 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 period. Bank of New York Mellon Corp raised its stake in 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 period. Macquarie Group Ltd. raised its stake in 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 period. BlackRock Inc. raised its stake in 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 period. Finally, Bank of America Corp DE raised its stake in 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 period. 71.69% of the stock is owned by hedge funds and other institutional investors.
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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