BidaskClub upgraded shares of CA Inc. (NASDAQ:CA) from a strong sell rating to a sell rating in a research note released on Wednesday.
Several other equities research analysts also recently commented on the company. Citigroup Inc. boosted their target price on CA from $34.00 to $36.00 and gave the stock a neutral rating in a report on Wednesday, June 28th. Jefferies Group LLC reissued a buy rating and issued a $38.00 target price on shares of CA in a report on Wednesday, June 21st. DA Davidson reissued a neutral rating and issued a $12.00 target price on shares of CA in a report on Friday, May 19th. Zacks Investment Research downgraded CA from a buy rating to a hold rating in a report on Monday, July 17th. Finally, FIG Partners raised CA to an outperform rating and boosted their target price for the stock from $40.00 to $42.25 in a report on Wednesday, May 3rd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $35.09.
CA (NASDAQ:CA) traded down 0.19% during midday trading on Wednesday, reaching $31.99. The company had a trading volume of 2,383,412 shares. The company has a 50-day moving average of $33.53 and a 200-day moving average of $32.42. CA has a 12-month low of $30.01 and a 12-month high of $36.54. The stock has a market capitalization of $13.48 billion, a PE ratio of 17.77 and a beta of 0.86.
CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts predict that CA will post $2.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 24th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is presently 56.67%.
In related news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the sale, the insider now owns 251,356 shares in the company, valued at $8,108,744.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction 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 owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,489 shares of company stock valued at $6,472,070. 0.90% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in CA by 22.3% in the second quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock worth $1,108,792,000 after buying an additional 5,855,217 shares during the period. Bank of New York Mellon Corp boosted its stake in CA by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after buying an additional 2,691,791 shares during the period. Macquarie Group Ltd. boosted 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. boosted its stake in CA by 1.5% in the second quarter. BlackRock Inc. now owns 21,017,338 shares of the technology company’s stock worth $724,466,000 after buying an additional 300,439 shares during the period. Finally, Bank of America Corp DE boosted 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. Institutional investors own 70.49% 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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