Janus Capital Management LLC reduced its position in shares of CA Inc. (NASDAQ:CA) by 60.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 317,154 shares of the technology company’s stock after selling 494,200 shares during the period. Janus Capital Management LLC owned 0.08% of CA worth $10,060,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in CA. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of CA by 16.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,200 shares of the technology company’s stock worth $482,000 after buying an additional 2,100 shares in the last quarter. Oak Associates Ltd. OH increased its stake in shares of CA by 62.9% in the first quarter. Oak Associates Ltd. OH now owns 401,352 shares of the technology company’s stock worth $12,731,000 after buying an additional 155,001 shares in the last quarter. Security National Bank of SO Dak increased its stake in shares of CA by 1.8% in the first quarter. Security National Bank of SO Dak now owns 22,592 shares of the technology company’s stock worth $717,000 after buying an additional 403 shares in the last quarter. Security National Bank of Sioux City Iowa IA increased its stake in shares of CA by 2.4% in the first quarter. Security National Bank of Sioux City Iowa IA now owns 26,612 shares of the technology company’s stock worth $844,000 after buying an additional 615 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of CA by 2.1% in the first quarter. Macquarie Group Ltd. now owns 23,725,398 shares of the technology company’s stock worth $752,570,000 after buying an additional 479,924 shares in the last quarter. 70.63% of the stock is currently owned by institutional investors and hedge funds.
CA Inc. (NASDAQ CA) opened at 34.31 on Wednesday. The stock has a 50 day moving average of $32.41 and a 200 day moving average of $32.25. The company has a market cap of $14.34 billion, a PE ratio of 18.55 and a beta of 0.87. CA Inc. has a one year low of $30.01 and a one year high of $36.54.
CA (NASDAQ:CA) last released its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. During the same quarter in the prior year, the firm posted $0.60 EPS. CA’s quarterly revenue was up .3% compared to the same quarter last year. On average, analysts anticipate that CA Inc. will post $2.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Tuesday, May 23rd. CA’s payout ratio is 55.14%.
CA has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub cut shares of CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Sanford C. Bernstein reiterated an “underperform” rating and set a $28.00 price target on shares of CA in a research report on Wednesday, June 28th. Citigroup Inc. increased their price target on shares of CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, June 28th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $34.88.
In other news, insider Ayman Sayed sold 30,194 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the transaction, the insider now owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.
CA Company Profile
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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