Andra AP fonden decreased its holdings in CA Inc. (NASDAQ:CA) by 30.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,300 shares of the technology company’s stock after selling 41,400 shares during the quarter. Andra AP fonden’s holdings in CA were worth $3,216,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Cleararc Capital Inc. raised its stake in shares of CA by 0.4% during the 1st quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock valued at $243,000 after buying an additional 32 shares during the last quarter. Hefty Wealth Partners increased its stake in shares of CA by 0.6% in the 2nd quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock valued at $183,000 after purchasing an additional 32 shares in the last quarter. Advisor Partners LLC increased its stake in shares of CA by 0.9% in the 2nd quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock valued at $253,000 after purchasing an additional 64 shares in the last quarter. U S Global Investors Inc increased its stake in shares of CA by 0.6% in the 1st quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock valued at $492,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of CA by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock valued at $669,000 after purchasing an additional 100 shares in the last quarter. 67.51% of the stock is owned by hedge funds and other institutional investors.
In other CA news, insider Adam Elster sold 166,621 shares of the firm’s 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 sale, the insider now directly owns 251,356 shares in the company, valued at approximately $8,108,744.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ayman Sayed sold 12,920 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $32.19, for a total transaction of $415,894.80. Following the sale, the insider now owns 114,422 shares in the company, valued at $3,683,244.18. The disclosure for this sale can be found here. Insiders sold a total of 316,250 shares of company stock worth $10,406,017 in the last ninety days. Insiders own 0.90% of the company’s stock.
CA has been the subject of several research reports. ValuEngine upgraded CA from a “hold” rating to a “buy” rating in a research note on Monday. Credit Suisse Group reiterated a “neutral” rating and set a $34.00 price objective on shares of CA in a research note on Tuesday, September 5th. Royal Bank Of Canada restated a “hold” rating and set a $32.00 target price on shares of CA in a report on Monday, August 21st. BidaskClub upgraded CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $36.00 price objective (up from $35.00) on shares of CA in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.88.
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Shares of CA Inc. (NASDAQ:CA) traded down 0.21% during midday trading on Friday, hitting $33.10. 2,939,591 shares of the stock traded hands. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 18.39 and a beta of 0.82. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The firm has a 50-day moving average price of $32.51 and a 200 day moving average price of $32.61.
CA (NASDAQ:CA) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.06. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS. Analysts anticipate that CA Inc. will post $2.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is presently 56.67%.
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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