Valley National Advisers Inc. reduced its position in CA Inc. (NASDAQ:CA) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,774 shares of the technology company’s stock after selling 3,420 shares during the period. Valley National Advisers Inc.’s holdings in CA were worth $1,371,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Boston Private Wealth LLC increased its stake in shares of CA by 11.8% in the second quarter. Boston Private Wealth LLC now owns 61,391 shares of the technology company’s stock valued at $2,116,000 after buying an additional 6,502 shares in the last quarter. Marshall Wace North America L.P. increased its stake in shares of CA by 1,219.9% in the second quarter. Marshall Wace North America L.P. now owns 615,964 shares of the technology company’s stock valued at $20,943,000 after buying an additional 569,296 shares in the last quarter. Financial Advisors Network Inc. increased its stake in shares of CA by 7.1% in the second quarter. Financial Advisors Network Inc. now owns 26,902 shares of the technology company’s stock valued at $927,000 after buying an additional 1,795 shares in the last quarter. Loudon Investment Management LLC increased its stake in shares of CA by 13.1% in the second quarter. Loudon Investment Management LLC now owns 11,832 shares of the technology company’s stock valued at $408,000 after buying an additional 1,375 shares in the last quarter. Finally, Nippon Life Insurance Co. increased its stake in shares of CA by 9.5% in the second quarter. Nippon Life Insurance Co. now owns 34,380 shares of the technology company’s stock valued at $1,185,000 after buying an additional 2,979 shares in the last quarter. Institutional investors own 71.09% of the company’s stock.
Shares of CA Inc. (NASDAQ CA) opened at 32.58 on Tuesday. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54. The firm has a market capitalization of $13.72 billion, a PE ratio of 18.10 and a beta of 0.86. The stock’s 50 day moving average price is $33.16 and its 200-day moving average price is $32.48.
CA (NASDAQ:CA) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the 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 company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that CA Inc. will post $2.46 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.02 annualized dividend and a yield of 3.13%. CA’s payout ratio is currently 56.67%.
CA has been the topic of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of CA in a research report on Friday, April 28th. FIG Partners raised CA to an “outperform” rating and increased their price target for the stock from $40.00 to $42.25 in a research report on Wednesday, May 3rd. Raymond James Financial, Inc. raised CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Monday, May 8th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of CA in a research report on Friday, May 12th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $34.00 price target (up from $33.00) on shares of CA in a research report on Sunday, May 14th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $34.88.
In other news, insider Adam Elster sold 166,621 shares of the 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 sale, the insider now directly owns 251,356 shares in the company, valued at $8,108,744.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ayman Sayed sold 30,194 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the completion of the sale, the insider now owns 168,455 shares in the company, valued at $6,000,367.10. The disclosure for this sale can be found here. Insiders sold 228,666 shares of company stock worth $7,481,319 over the last quarter. Company insiders own 0.90% of the company’s stock.
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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