Point View Wealth Management Inc. decreased its stake in CA Inc. (NASDAQ:CA) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,569 shares of the technology company’s stock after selling 102 shares during the period. Point View Wealth Management Inc.’s holdings in CA were worth $881,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock valued at $657,139,000 after buying an additional 19,979,935 shares during the period. Vanguard Group Inc. increased its position in shares of CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock valued at $834,606,000 after buying an additional 5,729,276 shares during the period. Bank of New York Mellon Corp increased its position in shares of CA by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock valued at $930,816,000 after buying an additional 2,691,791 shares during the period. FIL Ltd increased its position in shares of CA by 13.1% in the first quarter. FIL Ltd now owns 8,352,008 shares of the technology company’s stock valued at $264,926,000 after buying an additional 964,522 shares during the period. Finally, First Trust Advisors LP increased its position in shares of CA by 22.6% in the first quarter. First Trust Advisors LP now owns 3,837,809 shares of the technology company’s stock valued at $121,735,000 after buying an additional 706,514 shares during the period. Hedge funds and other institutional investors own 71.09% of the company’s stock.
Shares of CA Inc. (NASDAQ CA) traded down 0.06% during trading on Wednesday, hitting $32.49. The stock had a trading volume of 381,447 shares. CA Inc. has a 12-month low of $30.01 and a 12-month high of $36.54. The stock’s 50-day moving average is $33.16 and its 200-day moving average is $32.48. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 18.05 and a beta of 0.86.
CA (NASDAQ:CA) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.01 billion. During the same period last year, the business posted $0.64 EPS. CA’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts expect that CA Inc. will post $2.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Tuesday, August 22nd. CA’s payout ratio is 56.67%.
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CA has been the topic of several research analyst reports. Citigroup Inc. boosted their target price on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 28th. BidaskClub cut CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of CA in a research report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $32.00 price target on shares of CA in a research report on Monday. Finally, DA Davidson reaffirmed a “neutral” rating and set a $12.00 price target on shares of CA in a research report on Friday, May 19th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.88.
In other CA news, 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 value of $5,375,193.46. Following the transaction, the insider now owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ayman Sayed sold 18,694 shares of CA stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $32.47, for a total transaction of $606,994.18. Following the completion of the transaction, the insider now directly owns 120,196 shares in the company, valued at approximately $3,902,764.12. The disclosure for this sale can be found here. Insiders have sold a total of 228,666 shares of company stock valued at $7,481,319 over the last ninety days. 0.90% of the stock is owned by insiders.
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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