BidaskClub upgraded shares of CA Inc. (NASDAQ:CA) from a strong sell rating to a sell rating in a report issued on Thursday morning.
Several other brokerages also recently commented on CA. Barclays PLC reiterated an equal weight rating and set a $36.00 price target (up from $35.00) on shares of CA in a report on Thursday, August 3rd. Zacks Investment Research raised shares of CA from a sell rating to a hold rating and set a $38.00 price objective on the stock in a research report on Tuesday, July 11th. ValuEngine raised shares of CA from a hold rating to a buy rating in a research note on Monday, September 11th. Jefferies Group LLC reissued a buy rating and issued a $38.00 price objective on shares of CA in a research note on Wednesday, June 21st. Finally, KeyCorp restated a sector weight rating on shares of CA in a research report on Sunday, September 17th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. CA presently has a consensus rating of Hold and a consensus price target of $34.88.
CA (NASDAQ:CA) opened at 33.38 on Thursday. CA has a 12 month low of $30.01 and a 12 month high of $36.54. The company has a 50 day moving average of $32.62 and a 200 day moving average of $32.62. The stock has a market capitalization of $14.06 billion, a price-to-earnings ratio of 18.54 and a beta of 0.83.
CA (NASDAQ:CA) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business posted $0.64 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts predict that CA will post $2.46 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders 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 3.06%. The ex-dividend date of this dividend was Tuesday, August 22nd. CA’s payout ratio is 56.67%.
In other news, insider Ayman Sayed sold 12,920 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $32.19, for a total transaction of $415,894.80. Following the transaction, the insider now directly owns 114,422 shares in the company, valued at $3,683,244.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Adam Elster sold 166,621 shares of CA stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the transaction, the insider now directly owns 251,356 shares in the company, valued at $8,108,744.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 286,056 shares of company stock worth $9,330,507. Insiders own 0.90% of the company’s stock.
Large investors have recently modified their holdings of the stock. Oxford Asset Management purchased a new stake in CA during the first quarter worth $569,000. Raymond James Financial Services Advisors Inc. boosted its position in CA by 51.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 38,872 shares of the technology company’s stock valued at $1,233,000 after acquiring an additional 13,262 shares in the last quarter. Mason Street Advisors LLC boosted its position in CA by 1.1% during the 1st quarter. Mason Street Advisors LLC now owns 43,321 shares of the technology company’s stock valued at $1,374,000 after acquiring an additional 452 shares in the last quarter. Pacer Advisors Inc. boosted its position in CA by 30.8% during the 1st quarter. Pacer Advisors Inc. now owns 14,114 shares of the technology company’s stock valued at $448,000 after acquiring an additional 3,324 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of CA by 2.4% in the 1st quarter. Prudential Financial Inc. now owns 431,427 shares of the technology company’s stock valued at $13,685,000 after acquiring an additional 10,300 shares during the period. 67.51% of the stock is owned by institutional investors.
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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