ValuEngine upgraded shares of CA Inc. (NASDAQ:CA) from a hold rating to a buy rating in a research report report published on Monday.
Several other equities research analysts have also commented on CA. Jefferies Group LLC restated a buy rating and issued a $38.00 price objective on shares of CA in a research report on Sunday, May 14th. Citigroup Inc. restated 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 CA from a hold rating to a sell rating in a research note on Tuesday, May 16th. DA Davidson reaffirmed a neutral rating and set a $12.00 target price on shares of CA in a research note on Friday, May 19th. Finally, Raymond James Financial, Inc. reaffirmed a market perform rating on shares of CA in a research note on Thursday, June 22nd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. CA presently has a consensus rating of Hold and a consensus target price of $34.88.
CA (NASDAQ:CA) traded down 0.618% during midday trading on Monday, reaching $32.965. 756,734 shares of the company’s stock were exchanged. CA has a 52 week low of $30.01 and a 52 week high of $36.54. The firm’s 50 day moving average is $32.45 and its 200 day moving average is $32.61. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 18.314 and a beta of 0.82.
CA (NASDAQ:CA) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm posted $0.64 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts anticipate that CA will post $2.46 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
In related news, insider Ayman Sayed sold 12,920 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $32.19, for a total value of $415,894.80. Following the completion of the transaction, the insider now directly owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam Elster sold 166,621 shares of the stock in a transaction 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 directly owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 316,250 shares of company stock valued at $10,406,017. 0.90% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cleararc Capital Inc. raised its stake in CA by 0.4% in the 1st quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock valued at $243,000 after purchasing an additional 32 shares during the last quarter. Hefty Wealth Partners raised its stake in CA by 0.6% in the 2nd quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock valued at $183,000 after purchasing an additional 32 shares during the last quarter. Advisor Partners LLC raised its stake in CA by 0.9% in the 2nd quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock valued at $253,000 after purchasing an additional 64 shares during the last quarter. U S Global Investors Inc raised its stake in CA by 0.6% in the 1st quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock valued at $492,000 after purchasing an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake 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 valued at $669,000 after purchasing an additional 100 shares during the last quarter. 67.51% of the stock is 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.
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