Searle & CO. continued to hold its stake in CA Inc. (NASDAQ:CA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,846 shares of the technology company’s stock at the end of the second quarter. Searle & CO.’s holdings in CA were worth $443,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC increased its stake in CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after buying an additional 107 shares in the last quarter. Acrospire Investment Management LLC increased its stake in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares in the last quarter. CENTRAL TRUST Co increased its stake in CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after buying an additional 319 shares in the last quarter. Tompkins Financial Corp increased its stake in 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. Finally, Hefty Wealth Partners increased its stake in 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. 70.62% of the stock is owned by institutional investors and hedge funds.
Shares of CA Inc. (NASDAQ CA) traded down 0.0286% during trading on Thursday, hitting $34.5801. 408,442 shares of the stock were exchanged. The company has a market cap of $14.45 billion, a P/E ratio of 18.6919 and a beta of 0.87. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54. The firm’s 50-day moving average is $33.41 and its 200 day moving average is $32.45.
CA (NASDAQ:CA) last announced its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $996.59 million. CA had a net margin of 19.20% and a return on equity of 17.15%. CA’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities analysts forecast that CA Inc. will post $2.38 earnings per share for the current fiscal year.
A number of analysts have weighed in on CA shares. 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. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of CA in a report on Friday, May 12th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $34.00 price target (up from $33.00) on shares of CA in a report on Sunday, May 14th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.10.
In other news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.
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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