BidaskClub upgraded shares of CA Inc. (NASDAQ:CA) from a strong sell rating to a sell rating in a research report sent to investors on Wednesday morning.
A number of other research firms also recently commented on CA. Raymond James Financial, Inc. reissued a market perform rating on shares of CA in a report on Thursday, June 22nd. Citigroup Inc. boosted their price objective on shares of CA from $34.00 to $36.00 and gave the stock a neutral rating in a report on Wednesday, June 28th. Sanford C. Bernstein reissued an underperform rating and set a $28.00 price objective on shares of CA in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of CA from a buy rating to a hold rating in a report on Monday, July 17th. Finally, Jefferies Group LLC reissued a buy rating and set a $38.00 price objective on shares of CA in a report on Friday, April 28th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $35.09.
CA (NASDAQ:CA) traded down 0.19% during midday trading on Wednesday, hitting $31.99. 2,383,412 shares of the stock traded hands. The company’s 50 day moving average is $33.53 and its 200-day moving average is $32.42. The company has a market cap of $13.48 billion, a P/E ratio of 17.77 and a beta of 0.86. CA has a one year low of $30.01 and a one year high of $36.54.
CA (NASDAQ:CA) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. On average, equities research analysts forecast that CA will post $2.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is presently 56.67%.
In other news, insider Adam Elster sold 166,621 shares of the business’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 value of $5,375,193.46. Following the completion of the transaction, the insider now owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ayman Sayed sold 30,194 shares of the business’s 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 transaction, the insider now directly owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The disclosure for this sale can be found here. Insiders sold 197,489 shares of company stock worth $6,472,070 in the last ninety days. Insiders own 0.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in CA by 22.3% in the second quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock worth $1,108,792,000 after buying an additional 5,855,217 shares in the last quarter. Bank of New York Mellon Corp raised its position in 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 worth $930,816,000 after buying an additional 2,691,791 shares in the last quarter. Macquarie Group Ltd. raised its position in 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. BlackRock Inc. raised its position in CA by 1.5% in the second quarter. BlackRock Inc. now owns 21,017,338 shares of the technology company’s stock worth $724,466,000 after buying an additional 300,439 shares in the last quarter. Finally, Bank of America Corp DE raised its position in CA by 1.0% in the first quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock worth $498,611,000 after buying an additional 154,092 shares in the last quarter. 70.49% of the stock is owned by institutional investors and hedge funds.
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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