BidaskClub Lowers CA (NASDAQ:CA) to Strong Sell

BidaskClub cut shares of CA (NASDAQ:CA) from a sell rating to a strong sell rating in a research report released on Thursday, November 9th.

CA has been the topic of several other research reports. ValuEngine raised CA from a hold rating to a buy rating in a report on Monday, September 11th. KeyCorp reissued a sector weight rating on shares of CA in a report on Sunday, September 17th. Barclays lowered their target price on CA from $36.00 to $34.00 and set an equal weight rating on the stock in a report on Thursday, October 26th. Royal Bank Of Canada reaffirmed a hold rating and set a $32.00 price objective on shares of CA in a research note on Monday, August 21st. Finally, Zacks Investment Research raised CA from a hold rating to a buy rating and set a $37.00 price objective on the stock in a research note on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $33.58.

CA (NASDAQ CA) opened at $32.69 on Thursday. CA has a twelve month low of $30.01 and a twelve month high of $36.54. The firm has a market capitalization of $13,657.07, a price-to-earnings ratio of 14.97, a P/E/G ratio of 4.35 and a beta of 0.74. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42.

CA (NASDAQ:CA) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.62 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.05 billion. CA had a return on equity of 15.74% and a net margin of 17.83%. CA’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. analysts expect that CA will post 2.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Thursday, November 30th will be given a dividend of $0.255 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.02 annualized dividend and a yield of 3.12%. CA’s dividend payout ratio (DPR) is presently 58.62%.

In other news, EVP Lauren Patricia Flaherty sold 24,843 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $32.59, for a total value of $809,633.37. Following the completion of the sale, the executive vice president now owns 82,000 shares in the company, valued at $2,672,380. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael P. Gregoire sold 71,235 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $33.38, for a total value 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. Over the last 90 days, insiders sold 112,427 shares of company stock worth $3,734,332. Company insiders own 0.90% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in 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 purchasing an additional 5,855,217 shares in the last quarter. Bank of New York Mellon Corp grew its stake in CA by 12.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 30,244,351 shares of the technology company’s stock valued at $1,009,556,000 after purchasing an additional 3,240,645 shares in the last quarter. BlackRock Inc. grew its stake in CA by 1.5% during the 2nd quarter. BlackRock Inc. now owns 21,017,338 shares of the technology company’s stock valued at $724,466,000 after purchasing an additional 300,439 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in CA by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,800,913 shares of the technology company’s stock valued at $199,953,000 after purchasing an additional 170,063 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in CA by 15.7% during 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 in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

WARNING: This piece of content was reported by BBNS and is the property of of BBNS. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://baseballnewssource.com/markets/ca-inc-ca-downgraded-to-strong-sell-at-bidaskclub/1771190.html.

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.

Analyst Recommendations for CA (NASDAQ:CA)

Receive News & Ratings for CA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CA Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees
Free Agency Season Has Finally Heated Up
Free Agency Season Has Finally Heated Up


Leave a Reply

 
© 2006-2017 BBNS.