Sandy Spring Bank reduced its stake in CA Inc. (NASDAQ:CA) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,872 shares of the technology company’s stock after selling 1,715 shares during the period. Sandy Spring Bank’s holdings in CA were worth $2,305,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC raised its position in shares of CA by 16.1% in the second quarter. ProShare Advisors LLC now owns 210,874 shares of the technology company’s stock worth $7,269,000 after buying an additional 29,225 shares in the last quarter. Profund Advisors LLC raised its position in shares of CA by 4.6% in the second quarter. Profund Advisors LLC now owns 31,806 shares of the technology company’s stock worth $1,096,000 after buying an additional 1,409 shares in the last quarter. Laurion Capital Management LP purchased a new stake in shares of CA in the second quarter worth $2,816,000. Amalgamated Bank raised its position in shares of CA by 69.6% in the second quarter. Amalgamated Bank now owns 35,299 shares of the technology company’s stock worth $1,217,000 after buying an additional 14,484 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of 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 in the last quarter. 67.51% of the stock is owned by hedge funds and other institutional investors.
CA Inc. (CA) traded down 0.21% during midday trading on Friday, reaching $33.10. The company’s stock had a trading volume of 2,939,591 shares. The firm has a 50 day moving average price of $32.51 and a 200 day moving average price of $32.61. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The firm has a market cap of $13.94 billion, a P/E ratio of 18.39 and a beta of 0.82.
CA (NASDAQ:CA) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. Equities research analysts forecast that CA Inc. will post $2.46 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, August 22nd. CA’s dividend payout ratio is 56.67%.
In other news, insider Adam Elster sold 166,621 shares of the company’s 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 sale, the insider now directly owns 251,356 shares in the company, valued at approximately $8,108,744.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the sale, the insider now owns 168,455 shares in the company, valued at $6,000,367.10. The disclosure for this sale can be found here. Insiders have sold a total of 316,250 shares of company stock worth $10,406,017 over the last 90 days. Corporate insiders own 0.90% of the company’s stock.
A number of equities research analysts recently issued reports on the company. KeyCorp reiterated a “hold” rating on shares of CA in a research report on Sunday. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of CA in a research report on Thursday, June 1st. Mizuho reiterated a “hold” rating and issued a $34.00 price objective on shares of CA in a research report on Friday, July 28th. Zacks Investment Research downgraded CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $34.88.
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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