KeyCorp Reiterates “Sector Weight” Rating for CA Inc. (CA)

KeyCorp restated their sector weight rating on shares of CA Inc. (NASDAQ:CA) in a research report report published on Sunday, Marketbeat Ratings reports.

Several other equities research analysts also recently issued reports on the company. Jefferies Group LLC restated a buy rating and set a $38.00 target price on shares of CA in a research report on Wednesday, June 21st. ValuEngine upgraded CA from a hold rating to a buy rating in a research report on Monday, September 11th. Barclays PLC restated an equal weight rating and set a $36.00 target price (up previously from $35.00) on shares of CA in a research report on Wednesday, August 9th. Mizuho restated a hold rating and set a $34.00 target price on shares of CA in a research report on Friday, July 28th. Finally, Zacks Investment Research downgraded CA from a buy rating to a hold rating in a research report on Monday, July 17th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $34.88.

CA (CA) opened at 32.61 on Friday. The company has a market cap of $13.74 billion, a price-to-earnings ratio of 18.12 and a beta of 0.82. CA has a 52 week low of $30.01 and a 52 week high of $36.54. The stock’s 50 day moving average price is $32.62 and its 200-day moving average price is $32.62.

CA (NASDAQ:CA) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the 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 business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. CA’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts forecast that CA will post $2.46 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.13%. CA’s dividend payout ratio (DPR) is currently 56.67%.

In other news, insider Michael P. Gregoire sold 71,235 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $33.38, for a total transaction of $2,377,824.30. Following the completion of the sale, the insider now directly owns 285,652 shares in the company, valued at $9,535,063.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jacob Lamm sold 16,349 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $33.45, for a total transaction of $546,874.05. Following the sale, the executive vice president now owns 45,483 shares of the company’s stock, valued at $1,521,406.35. The disclosure for this sale can be found here. Insiders have sold 286,056 shares of company stock worth $9,330,507 over the last ninety days. Insiders own 0.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Cleararc Capital Inc. boosted its holdings in shares of CA by 0.4% during the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock worth $243,000 after purchasing an additional 32 shares during the period. Hefty Wealth Partners boosted its holdings in shares of CA by 0.6% during the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock worth $183,000 after purchasing an additional 32 shares during the period. Advisor Partners LLC boosted its holdings in shares of CA by 0.9% during the second quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock worth $253,000 after purchasing an additional 64 shares during the period. U S Global Investors Inc boosted its holdings in shares of CA by 0.6% during the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock worth $492,000 after purchasing an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of CA by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after purchasing an additional 100 shares during the period. Institutional investors own 67.51% 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.

Analyst Recommendations for CA (NASDAQ:CA)

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