Comerica Securities Inc. raised its position in CA Inc. (NASDAQ:CA) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,409 shares of the technology company’s stock after purchasing an additional 134 shares during the quarter. Comerica Securities Inc.’s holdings in CA were worth $2,910,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CA. Parallel Advisors LLC grew its holdings in shares of CA by 3.4% in the 1st quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after acquiring an additional 107 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of CA by 26.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after acquiring an additional 654 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of CA by 419.6% in the 2nd quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock valued at $134,000 after acquiring an additional 3,126 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of CA by 7.4% in the 2nd quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after acquiring an additional 319 shares in the last quarter. Finally, AT Bancorp bought a new position in shares of CA in the 2nd quarter valued at about $165,000. 67.51% of the stock is currently owned by hedge funds and other institutional investors.
In other CA news, EVP Jacob Lamm sold 16,349 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $33.45, for a total value of $546,874.05. Following the completion of the sale, the executive vice president now owns 45,483 shares in the company, valued at approximately $1,521,406.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 sale, the insider now owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. Insiders sold a total of 316,250 shares of company stock worth $10,406,017 in the last 90 days. 0.90% of the stock is currently owned by company insiders.
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CA has been the subject of several analyst reports. BidaskClub cut CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Sanford C. Bernstein restated an “underperform” rating and issued a $28.00 price objective 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 objective for the company in a report on Tuesday, July 11th. Barclays PLC restated an “equal weight” rating and issued a $36.00 price objective (up previously from $35.00) on shares of CA in a report on Thursday, August 3rd. Finally, Citigroup Inc. raised 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. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. CA has a consensus rating of “Hold” and an average price target of $34.88.
CA Inc. (CA) traded down 0.39% during trading on Thursday, reaching $33.33. The company had a trading volume of 264,793 shares. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The company has a 50-day moving average price of $32.54 and a 200 day moving average price of $32.60. The company has a market capitalization of $14.04 billion, a price-to-earnings ratio of 18.52 and a beta of 0.82.
CA (NASDAQ:CA) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Analysts expect that CA Inc. will post $2.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were issued a $0.255 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.05%. CA’s dividend payout ratio is presently 56.67%.
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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