Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in CA, Inc. (NASDAQ:CA) by 8.4% in the 4th quarter, Holdings Channel reports. The firm owned 49,940 shares of the technology company’s stock after acquiring an additional 3,853 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in CA were worth $1,683,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of CA. Fieldpoint Private Securities LLC purchased a new position in shares of CA in the third quarter worth $101,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of CA by 56.3% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock worth $210,000 after purchasing an additional 2,259 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of CA in the third quarter worth $231,000. Atria Investments LLC purchased a new position in shares of CA in the fourth quarter worth $248,000. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of CA in the fourth quarter worth $248,000. Hedge funds and other institutional investors own 68.98% of the company’s stock.
Several research firms have recently weighed in on CA. Oppenheimer restated a “hold” rating on shares of CA in a research note on Wednesday, January 31st. Argus restated a “buy” rating and issued a $33.70 price target (down previously from $40.00) on shares of CA in a research note on Wednesday, February 7th. Evercore ISI restated a “sell” rating and issued a $36.00 price target on shares of CA in a research note on Friday, February 2nd. Zacks Investment Research upgraded CA from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Friday, February 2nd. Finally, Barclays boosted their price target on CA from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Two research 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. CA presently has an average rating of “Hold” and an average target price of $34.23.
CA (NASDAQ:CA) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.20. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. CA had a return on equity of 16.52% and a net margin of 10.23%. CA’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. equities analysts forecast that CA, Inc. will post 2.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Thursday, February 22nd will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Wednesday, February 21st. CA’s dividend payout ratio (DPR) is presently 100.99%.
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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