Manning & Napier Advisors LLC increased its stake in shares of CA Inc. (NASDAQ:CA) by 30.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,005 shares of the technology company’s stock after buying an additional 25,146 shares during the period. Manning & Napier Advisors LLC’s holdings in CA were worth $3,687,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of CA. Parallel Advisors LLC increased its stake 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 valued at $106,000 after buying an additional 107 shares in the last quarter. Acrospire Investment Management LLC increased 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 valued at $121,000 after buying an additional 2,800 shares in the last quarter. CENTRAL TRUST Co increased its stake in shares of 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. Hefty Wealth Partners increased 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, Tompkins Financial Corp increased 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. Institutional investors own 70.74% of the company’s stock.
CA Inc. (NASDAQ CA) traded up 0.26% during midday trading on Tuesday, hitting $34.82. The company had a trading volume of 116,846 shares. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 18.82 and a beta of 0.87. The firm has a 50-day moving average price of $33.64 and a 200-day moving average price of $32.49.
CA (NASDAQ:CA) last released 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. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.59 million. CA had a return on equity of 17.15% and a net margin of 19.20%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Equities analysts anticipate that CA Inc. will post $2.38 EPS for the current year.
Several equities research analysts have weighed in on the company. Piper Jaffray Companies raised their price target on CA from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Raymond James Financial, Inc. raised CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Monday, May 8th. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price target on shares of CA in a report on Thursday, June 1st. Zacks Investment Research downgraded CA from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $34.00 price target (up previously from $33.00) on shares of CA in a report on Sunday, May 14th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. CA currently has an average rating of “Hold” and an average target price of $35.10.
In other CA news, insider Ayman Sayed sold 30,194 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the completion of the sale, the insider now directly owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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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