Wetherby Asset Management Inc. purchased a new position in shares of CA Inc. (NASDAQ:CA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,300 shares of the technology company’s stock, valued at approximately $217,000.
Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC raised 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 valued at $106,000 after buying an additional 107 shares during the period. Acrospire Investment Management LLC raised 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 valued at $121,000 after buying an additional 2,800 shares during the period. Bessemer Group Inc. raised its position in shares of CA by 419.6% in the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock valued at $134,000 after buying an additional 3,126 shares during the period. CENTRAL TRUST Co raised its position 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 during the period. Finally, AT Bancorp purchased a new position in shares of CA during the second quarter valued at $165,000. 71.09% of the stock is owned by institutional investors.
Shares of CA Inc. (CA) opened at 32.38 on Friday. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The stock has a market cap of $13.64 billion, a P/E ratio of 17.99 and a beta of 0.86. The company has a 50 day moving average price of $33.27 and a 200-day moving average price of $32.45.
CA (NASDAQ:CA) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.06. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. CA’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. On average, equities research analysts predict that CA Inc. will post $2.46 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 24th will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
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CA has been the subject of several research reports. Citigroup Inc. increased their price objective on CA from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, June 28th. BidaskClub lowered CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of CA in a report on Wednesday, June 21st. DA Davidson reaffirmed a “neutral” rating and issued a $12.00 price target on shares of CA in a report on Friday, May 19th. Finally, Zacks Investment Research lowered CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. 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’s stock. CA has a consensus rating of “Hold” and a consensus target price of $35.09.
In other CA news, insider Adam Elster sold 166,621 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the transaction, the insider now owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ayman Sayed sold 12,920 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $32.19, for a total transaction of $415,894.80. Following the transaction, the insider now directly owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The disclosure for this sale can be found here. Insiders sold a total of 228,666 shares of company stock valued at $7,481,319 in the last ninety days. 0.90% of the stock is currently owned by 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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