Xact Kapitalforvaltning AB raised its stake in CA Inc. (NASDAQ:CA) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,836 shares of the technology company’s stock after buying an additional 2,361 shares during the period. Xact Kapitalforvaltning AB’s holdings in CA were worth $2,235,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its position in CA by 0.5% in the fourth quarter. FMR LLC now owns 119,299 shares of the technology company’s stock valued at $3,790,000 after buying an additional 621 shares during the period. Vident Investment Advisory LLC increased its stake in shares of CA by 0.9% in the fourth quarter. Vident Investment Advisory LLC now owns 70,828 shares of the technology company’s stock valued at $2,250,000 after buying an additional 662 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of CA during the fourth quarter valued at approximately $502,000. UBS Asset Management Americas Inc. increased its stake in shares of CA by 6.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,090,277 shares of the technology company’s stock valued at $66,407,000 after buying an additional 123,497 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in shares of CA during the fourth quarter valued at approximately $722,000. 70.63% of the stock is owned by hedge funds and other institutional investors.
Shares of CA Inc. (CA) opened at 34.32 on Thursday. The company has a market cap of $14.34 billion, a PE ratio of 18.55 and a beta of 0.87. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The firm’s 50-day moving average is $32.41 and its 200-day moving average is $32.25.
CA (NASDAQ:CA) last issued its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $996.59 million. CA had a net margin of 19.20% and a return on equity of 17.15%. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 EPS. On average, equities analysts anticipate that CA Inc. will post $2.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.02 annualized dividend and a dividend yield of 2.97%. CA’s payout ratio is 55.14%.
Several analysts have recently commented on the company. Piper Jaffray Companies raised their target price on CA from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Raymond James Financial, Inc. upgraded CA from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Monday, May 8th. Jefferies Group LLC restated a “buy” rating and issued a $38.00 target price on shares of CA in a research note on Thursday, June 1st. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a research note on Tuesday. Finally, Citigroup Inc. restated a “neutral” rating and issued a $34.00 target price (up from $33.00) on shares of CA in a research note on Sunday, May 14th. 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 company. The stock has a consensus rating of “Hold” and an average price target of $35.02.
In other news, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 168,455 shares in the company, valued at approximately $6,000,367.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.
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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