Advisors Asset Management Inc. boosted its position in shares of CA Inc. (NASDAQ:CA) by 53.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 216,725 shares of the technology company’s stock after buying an additional 75,351 shares during the period. Advisors Asset Management Inc. owned about 0.05% of CA worth $7,471,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock valued at $834,606,000 after buying an additional 5,729,276 shares during the last quarter. Bank of New York Mellon Corp increased 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 last quarter. Macquarie Group Ltd. increased 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 last quarter. BlackRock Inc. increased 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 last quarter. Finally, Bank of America Corp DE increased 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 last quarter. Institutional investors and hedge funds own 71.09% of the company’s stock.
CA Inc. (NASDAQ CA) opened at 32.50 on Wednesday. The company’s 50 day moving average price is $33.40 and its 200-day moving average price is $32.44. The company has a market cap of $13.69 billion, a P/E ratio of 18.06 and a beta of 0.86. CA Inc. has a one year low of $30.01 and a one year high of $36.54.
CA (NASDAQ:CA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned $0.64 EPS. CA’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts forecast that CA Inc. will post $2.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 24th will be paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
CA has been the subject of several recent research reports. BidaskClub downgraded CA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Citigroup Inc. reiterated a “neutral” rating and issued a $34.00 price objective (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 price objective (up previously from $35.00) on shares of CA in a research report on Wednesday, August 9th. Mizuho reiterated a “hold” rating and issued a $34.00 price objective on shares of CA in a research report on Friday, July 28th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of CA in a research report on Friday, April 28th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. CA has a consensus rating of “Hold” and a consensus price target of $35.09.
In related news, insider Ayman Sayed sold 12,920 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $32.19, for a total transaction of $415,894.80. Following the completion of the sale, the insider now directly owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the sale, the insider now directly owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold a total of 228,429 shares of company stock valued at $7,473,593 over the last three months. 0.90% of the stock is owned by corporate 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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