Mutual of America Capital Management LLC Trims Stake in CA Inc. (CA)

Mutual of America Capital Management LLC reduced its position in CA Inc. (NASDAQ:CA) by 10.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 53,990 shares of the technology company’s stock after selling 6,596 shares during the period. Mutual of America Capital Management LLC’s holdings in CA were worth $1,802,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CA. Vanguard Group Inc. lifted its holdings in shares of CA by 22.3% in 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 purchasing an additional 5,855,217 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of CA by 11.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock valued at $930,816,000 after purchasing an additional 2,691,791 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of CA by 15.7% in the 2nd quarter. First Trust Advisors LP now owns 4,441,835 shares of the technology company’s stock valued at $153,110,000 after purchasing an additional 604,026 shares during the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of CA by 1,219.9% in the 2nd quarter. Marshall Wace North America L.P. now owns 615,964 shares of the technology company’s stock valued at $20,943,000 after purchasing an additional 569,296 shares during the last quarter. Finally, Arvest Bank Trust Division purchased a new stake in shares of CA in the 2nd quarter valued at about $14,555,000. 66.96% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on CA shares. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a report on Tuesday, July 11th. Mizuho reissued a “hold” rating and issued a $34.00 target price on shares of CA in a report on Friday, July 28th. BidaskClub downgraded CA from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Barclays PLC reissued an “equal weight” rating and issued a $36.00 target price (up from $35.00) on shares of CA in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $32.00 target price on shares of CA in a report on Monday, August 21st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.68.

In other CA news, insider Michael P. Gregoire sold 71,235 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $33.38, for a total value of $2,377,824.30. Following the transaction, the insider now owns 285,652 shares of the company’s stock, valued at $9,535,063.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 251,356 shares in the company, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. Insiders sold 286,056 shares of company stock worth $9,330,507 in the last ninety days. 0.90% of the stock is owned by corporate insiders.

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CA (NASDAQ:CA) last announced its earnings results on Wednesday, October 25th. The technology company reported $0.62 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. CA had a return on equity of 15.74% and a net margin of 17.83%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year.

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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