Zurcher Kantonalbank Zurich Cantonalbank Has $11.69 Million Position in CA, Inc. (CA)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CA, Inc. (NASDAQ:CA) by 406.8% during the second quarter, HoldingsChannel.com reports. The fund owned 327,919 shares of the technology company’s stock after purchasing an additional 263,209 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CA were worth $11,690,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Mercantile Trust Co. bought a new stake in CA during the second quarter worth about $113,000. Intact Investment Management Inc. bought a new stake in CA during the second quarter worth about $214,000. Zeke Capital Advisors LLC bought a new stake in CA during the first quarter worth about $237,000. Hikari Power Ltd grew its stake in CA by 22.2% during the second quarter. Hikari Power Ltd now owns 7,490 shares of the technology company’s stock worth $267,000 after buying an additional 1,360 shares during the last quarter. Finally, Confluence Wealth Management LLC grew its stake in CA by 41.3% during the second quarter. Confluence Wealth Management LLC now owns 11,648 shares of the technology company’s stock worth $415,000 after buying an additional 3,402 shares during the last quarter. 68.06% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Ayman Sayed sold 83,703 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $34.87, for a total value of $2,918,723.61. Following the transaction, the insider now directly owns 114,404 shares in the company, valued at $3,989,267.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael P. Gregoire sold 86,163 shares of the stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $36.00, for a total transaction of $3,101,868.00. The disclosure for this sale can be found here. Insiders have sold 185,524 shares of company stock worth $6,693,871 over the last three months. 0.87% of the stock is owned by insiders.

CA has been the topic of several research analyst reports. Zacks Investment Research cut shares of CA from a “hold” rating to a “sell” rating in a research note on Friday, May 11th. ValuEngine cut shares of CA from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Wells Fargo & Co raised shares of CA from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $30.00 to $45.00 in a research note on Thursday, July 12th. Sanford C. Bernstein raised shares of CA from an “underperform” rating to a “market perform” rating and set a $19.00 price target on the stock in a research note on Thursday, July 12th. Finally, Evercore ISI raised shares of CA from an “underperform” rating to an “in-line” rating and set a $44.50 price target on the stock in a research note on Thursday, July 12th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $38.07.

CA opened at $43.42 on Monday. CA, Inc. has a one year low of $31.45 and a one year high of $44.25. The company has a current ratio of 2.21, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32. The company has a market cap of $18.14 billion, a PE ratio of 18.72, a P/E/G ratio of 5.06 and a beta of 0.84.

CA (NASDAQ:CA) last released its quarterly earnings results on Monday, August 6th. The technology company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.14). CA had a net margin of 11.19% and a return on equity of 15.11%. The company had revenue of $938.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned $0.61 earnings per share. CA’s revenue for the quarter was down 8.5% compared to the same quarter last year. equities analysts anticipate that CA, Inc. will post 2.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 11th. Stockholders of record on Thursday, August 23rd will be paid a dividend of $0.255 per share. The ex-dividend date is Wednesday, August 22nd. This represents a $1.02 annualized dividend and a dividend yield of 2.35%. CA’s dividend payout ratio (DPR) is currently 43.97%.

CA Profile

CA, Inc, together with its subsidiaries, develops, markets, delivers, and licenses software products and services in the United States and internationally. It operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment offers solutions for the IBM z Systems platform, which runs various mission critical business applications.

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Institutional Ownership by Quarter for CA (NASDAQ:CA)

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