State Street Corp trimmed its holdings in shares of CA Inc. (NASDAQ:CA) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,925,855 shares of the technology company’s stock after selling 371,661 shares during the period. State Street Corp owned about 3.54% of CA worth $514,499,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Oxford Asset Management purchased a new stake in CA in the 1st quarter worth approximately $569,000. OppenheimerFunds Inc. grew its stake in CA by 8.6% in the 1st quarter. OppenheimerFunds Inc. now owns 16,223 shares of the technology company’s stock worth $515,000 after acquiring an additional 1,288 shares during the period. FMR LLC grew its stake in CA by 228.4% in the 1st quarter. FMR LLC now owns 391,816 shares of the technology company’s stock worth $12,429,000 after acquiring an additional 272,517 shares during the period. Advantus Capital Management Inc grew its stake in CA by 1.0% in the 1st quarter. Advantus Capital Management Inc now owns 31,472 shares of the technology company’s stock worth $998,000 after acquiring an additional 297 shares during the period. Finally, Legal & General Group Plc grew its stake in CA by 3.7% in the 1st quarter. Legal & General Group Plc now owns 1,626,347 shares of the technology company’s stock worth $51,589,000 after acquiring an additional 57,743 shares during the period. 67.51% of the stock is owned by institutional investors and hedge funds.
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In other CA news, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael P. Gregoire sold 71,235 shares of the firm’s 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 owns 285,652 shares of the company’s stock, valued at approximately $9,535,063.76. The disclosure for this sale can be found here. Insiders have sold a total of 286,056 shares of company stock valued at $9,330,507 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.
A number of equities analysts have weighed in on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price target on shares of CA in a report on Wednesday, June 21st. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a 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 report on Wednesday, August 9th. Royal Bank Of Canada restated a “hold” rating and set a $32.00 target price on shares of CA in a report on Monday, August 21st. Finally, Mizuho restated a “hold” rating and set a $34.00 target price on shares of CA in a report on Friday, July 28th. Four research 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’s stock. CA has an average rating of “Hold” and an average price target of $34.88.
Shares of CA Inc. (CA) traded up 0.27% during midday trading on Thursday, hitting $33.72. 42,517 shares of the company were exchanged. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The stock’s 50-day moving average is $33.14 and its 200-day moving average is $32.74. The stock has a market cap of $14.21 billion, a PE ratio of 18.73 and a beta of 0.83.
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, topping analysts’ consensus estimates of $0.55 by $0.06. The business had revenue of $1.03 billion during 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 firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $0.64 EPS. Equities research analysts anticipate 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 dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is currently 56.67%.
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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