CA Inc. (CA) Position Reduced by FIL Ltd

FIL Ltd trimmed its position in shares of CA Inc. (NASDAQ:CA) by 71.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,383,922 shares of the technology company’s stock after selling 5,968,086 shares during the quarter. FIL Ltd owned about 0.57% of CA worth $82,174,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of CA by 11.5% during the 2nd quarter. FMR LLC now owns 436,699 shares of the technology company’s stock valued at $15,053,000 after acquiring an additional 44,883 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of CA by 22.3% during the 2nd quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock valued at $1,108,792,000 after acquiring an additional 5,855,217 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of CA by 4.2% during the 2nd quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after acquiring an additional 169 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of CA during the 2nd quarter valued at about $9,651,000. Finally, Rafferty Asset Management LLC boosted its holdings in shares of CA by 27.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 45,158 shares of the technology company’s stock valued at $1,557,000 after acquiring an additional 9,703 shares during the last quarter. 67.51% of the stock is currently owned by institutional investors.

In other CA news, EVP Jacob Lamm sold 16,349 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $33.45, for a total value of $546,874.05. Following 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 legal filing with the SEC, which is available at the SEC website. Also, insider Adam Elster sold 166,621 shares of the company’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 owns 251,356 shares in the company, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 286,056 shares of company stock worth $9,330,507. 0.90% of the stock is owned by insiders.

A number of brokerages have recently issued reports on CA. Credit Suisse Group reaffirmed a “neutral” rating and set a $34.00 price target on shares of CA in a report on Tuesday, September 5th. BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $28.00 price target on shares of CA in a report on Wednesday, June 28th. Finally, Mizuho reaffirmed a “hold” rating and set a $34.00 price target on shares of CA in a report on Friday, July 28th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. CA presently has an average rating of “Hold” and an average price target of $34.88.

Shares of CA Inc. (NASDAQ:CA) traded up 0.25% during trading on Friday, hitting $32.44. 268,617 shares of the stock traded hands. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54. The stock has a 50 day moving average of $32.62 and a 200 day moving average of $32.62. The firm has a market cap of $13.67 billion, a price-to-earnings ratio of 18.02 and a beta of 0.82.

CA (NASDAQ:CA) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. CA’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Analysts expect that CA Inc. will post $2.46 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were given a $0.255 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.15%. CA’s dividend payout ratio is currently 56.67%.

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About CA

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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Institutional Ownership by Quarter for CA (NASDAQ:CA)

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