State of Alaska Department of Revenue reduced its position in shares of CA Inc. (NASDAQ:CA) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,095 shares of the technology company’s stock after selling 2,314 shares during the period. State of Alaska Department of Revenue’s holdings in CA were worth $1,277,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Parallel Advisors LLC boosted its position in shares of CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock worth $106,000 after buying an additional 107 shares during the last quarter. Acrospire Investment Management LLC boosted its position 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 boosted its position 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 worth $165,000 after buying an additional 4,022 shares during the last quarter. Hefty Wealth Partners boosted its position 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 worth $167,000 after buying an additional 5,182 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position 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 worth $179,000 after buying an additional 492 shares during the last quarter. 70.62% of the stock is owned by institutional investors and hedge funds.
CA Inc. (CA) opened at 34.48 on Monday. The firm has a market capitalization of $14.41 billion, a P/E ratio of 18.64 and a beta of 0.87. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The stock’s 50 day moving average price is $32.41 and its 200 day moving average price is $32.25.
CA (NASDAQ:CA) last issued its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. CA had a net margin of 19.20% and a return on equity of 17.15%. CA’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. On average, analysts forecast that CA Inc. will post $2.38 earnings per share for the current year.
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A number of research analysts recently weighed in on the company. Citigroup Inc. boosted their price objective on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 28th. BidaskClub cut CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Jefferies Group LLC restated a “buy” rating and set a $38.00 price objective on shares of CA in a research note on Thursday, June 1st. DA Davidson restated a “neutral” rating and set a $12.00 price objective on shares of CA in a research note on Friday, May 19th. Finally, FIG Partners upgraded CA to an “outperform” rating and boosted their price objective for the stock from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Four investment 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. CA presently has a consensus rating of “Hold” and a consensus target price of $35.10.
In other CA 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 transaction, 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 SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.
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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