CA Inc. (NASDAQ:CA) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 11,768,105 shares, a decrease of 16.3% from the June 15th total of 14,058,946 shares. Based on an average daily volume of 5,359,763 shares, the short-interest ratio is currently 2.2 days. Currently, 3.7% of the company’s shares are short sold.
CA (NASDAQ CA) traded down 1.464% during mid-day trading on Tuesday, hitting $33.995. 547,752 shares of the company’s stock traded hands. CA has a one year low of $30.01 and a one year high of $36.54. The firm’s 50-day moving average price is $32.41 and its 200-day moving average price is $32.25. The stock has a market cap of $14.20 billion, a PE ratio of 18.376 and a beta of 0.87.
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, beating the consensus estimate of $0.49 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $996.59 million. CA had a return on equity of 17.15% and a net margin of 19.20%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. On average, analysts forecast that CA will post $2.38 EPS for the current fiscal year.
In other news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total value of $1,075,510.28. Following the transaction, the insider now directly owns 168,455 shares in the company, valued at $6,000,367.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of 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 last quarter. Vident Investment Advisory LLC boosted its position 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 during the last quarter. Quadrature Capital Ltd bought a new position in shares of CA during the fourth quarter valued at about $502,000. UBS Asset Management Americas Inc. boosted its position 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 during the last quarter. Finally, Kentucky Retirement Systems bought a new position in shares of CA during the fourth quarter valued at about $722,000. Institutional investors and hedge funds own 70.62% of the company’s stock.
A number of research analysts have recently commented on the stock. Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Citigroup Inc. upped their price objective on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 28th. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $28.00 price objective on shares of CA in a research note on Wednesday, June 28th. Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a research note on Monday. Finally, BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Four equities research 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’s stock. The company has a consensus rating of “Hold” and an average target price of $35.10.
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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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