CA Inc. (NASDAQ:CA) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday, September 11th.
Several other equities research analysts have also issued reports on CA. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Sunday, May 14th. Citigroup Inc. reissued a “neutral” rating and issued a $34.00 price objective (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. Zacks Investment Research downgraded shares of CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. DA Davidson reissued a “neutral” rating and issued a $12.00 price objective on shares of CA in a research report on Friday, May 19th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. CA has a consensus rating of “Hold” and an average price target of $34.88.
Shares of CA (NASDAQ:CA) traded up 0.28% during midday trading on Monday, reaching $32.45. The company’s stock had a trading volume of 317,284 shares. CA has a 52 week low of $30.01 and a 52 week high of $36.54. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 18.03 and a beta of 0.82. The firm’s 50 day moving average is $32.62 and its 200 day moving average is $32.62.
CA (NASDAQ:CA) last issued 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. 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 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts forecast that CA will post $2.46 EPS for the current fiscal year.
In related news, insider Ayman Sayed sold 12,920 shares of CA stock in a transaction on Friday, August 11th. The shares were sold at an average price of $32.19, for a total value of $415,894.80. Following the transaction, the insider now directly owns 114,422 shares of the company’s stock, valued at $3,683,244.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam Elster sold 166,621 shares of CA stock in a transaction 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 completion of the sale, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 286,056 shares of company stock valued at $9,330,507. 0.90% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in CA. Fort Pitt Capital Group LLC raised its position in CA by 0.6% in the 1st quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after buying an additional 6,328 shares during the last quarter. Bank of New York Mellon Corp raised its position in CA by 11.1% in the 2nd 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 during the last quarter. Louisiana State Employees Retirement System raised its position in CA by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after buying an additional 100 shares during the last quarter. TLP Group LLC purchased a new position in CA in the 1st quarter worth about $381,000. Finally, Highland Capital Management LLC purchased a new stake in shares of CA during the 2nd quarter valued at about $202,000. Hedge funds and other institutional investors own 67.51% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for CA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CA Inc. and related companies with our FREE daily email newsletter.