CA Inc. (CA) Stock Rating Reaffirmed by Raymond James Financial, Inc.

Raymond James Financial, Inc. reissued their market perform rating on shares of CA Inc. (NASDAQ:CA) in a report released on Thursday.

CA has been the topic of several other reports. Jefferies Group LLC restated a buy rating and set a $38.00 price objective on shares of CA in a research note on Wednesday, June 21st. Zacks Investment Research upgraded CA from a sell rating to a hold rating in a research note on Tuesday, March 28th. Evercore ISI cut CA from a hold rating to an underperform rating in a research note on Friday, March 3rd. FIG Partners upgraded CA to an outperform rating and raised their target price for the company from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Finally, DA Davidson cut CA from a buy rating to a neutral rating in a research note on Monday, April 10th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. CA currently has a consensus rating of Hold and an average target price of $35.25.

CA (NASDAQ:CA) opened at 34.62 on Thursday. The firm has a market capitalization of $14.46 billion, a PE ratio of 18.71 and a beta of 0.92. CA has a 52 week low of $30.01 and a 52 week high of $35.05. The firm has a 50-day moving average of $31.93 and a 200 day moving average of $32.09.

CA (NASDAQ:CA) last announced its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $996.59 million. During the same period last year, the business posted $0.60 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. Analysts predict that CA will post $2.38 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Tuesday, May 23rd. CA’s dividend payout ratio (DPR) is 55.14%.

In other news, insider Ayman Sayed sold 30,194 shares of the firm’s 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 directly owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock worth $106,000 after buying an additional 107 shares during the last quarter. Acrospire Investment Management LLC raised its position in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock worth $121,000 after buying an additional 2,800 shares during the last quarter. Hefty Wealth Partners raised its position in CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock worth $167,000 after buying an additional 5,182 shares during the last quarter. Tompkins Financial Corp raised its position in CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock worth $165,000 after buying an additional 4,022 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock worth $179,000 after buying an additional 492 shares during the last quarter. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for CA (NASDAQ:CA)

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