Shares of CA Inc. (NASDAQ:CA) have been assigned an average rating of “Hold” from the nineteen brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $34.10.
CA has been the subject of a number of research analyst reports. BidaskClub cut CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Sanford C. Bernstein reiterated an “underperform” rating and set a $28.00 price target on shares of CA in a report on Wednesday, June 28th. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating and set a $38.00 price target for the company in a report on Tuesday, July 11th. Citigroup Inc. lifted their price target on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, June 28th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $36.00 price target (up previously from $35.00) on shares of CA in a report on Thursday, August 3rd.
Shares of CA (NASDAQ CA) traded up 0.59% during mid-day trading on Friday, reaching $32.56. The company had a trading volume of 2,170,074 shares. CA has a 12 month low of $30.01 and a 12 month high of $36.54. The firm’s 50-day moving average is $33.21 and its 200 day moving average is $32.45. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 18.09 and a beta of 0.86.
CA (NASDAQ:CA) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company posted $0.64 earnings per share. CA’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts predict that CA will post $2.46 earnings per share for the current year.
The business 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 $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is currently 56.67%.
In related news, insider Adam Elster sold 166,621 shares of the business’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 completion of the sale, the insider now directly owns 251,356 shares in the company, valued at $8,108,744.56. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ayman Sayed sold 12,920 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $32.19, for a total value of $415,894.80. Following the completion of the sale, the insider now owns 114,422 shares of the company’s stock, valued at $3,683,244.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 228,666 shares of company stock valued at $7,481,319. 0.90% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of CA. Fort Pitt Capital Group LLC increased its position in shares of CA by 0.6% in the first quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock valued at $31,155,000 after buying an additional 6,328 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of CA by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock valued at $669,000 after buying an additional 100 shares in the last quarter. TLP Group LLC purchased a new position in shares of CA during the first quarter valued at approximately $381,000. Highland Capital Management LLC purchased a new position in shares of CA during the second quarter valued at approximately $202,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of CA by 24.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,590 shares of the technology company’s stock valued at $2,493,000 after buying an additional 15,365 shares in the last quarter. Institutional investors and hedge funds own 71.09% of the company’s stock.
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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