CENTRAL TRUST Co boosted its position in shares of CA Inc. (NASDAQ:CA) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,609 shares of the technology company’s stock after buying an additional 319 shares during the period. CENTRAL TRUST Co’s holdings in CA were worth $159,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Fort Pitt Capital Group LLC raised its position in CA by 0.6% in the first 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 in the last quarter. TLP Group LLC purchased a new position in CA during the first quarter worth $381,000. Cambridge Investment Research Advisors Inc. raised its position in CA by 24.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,590 shares of the technology company’s stock worth $2,493,000 after buying an additional 15,365 shares in the last quarter. Victory Capital Management Inc. raised its position in CA by 36.4% in the first quarter. Victory Capital Management Inc. now owns 222,795 shares of the technology company’s stock worth $7,067,000 after buying an additional 59,398 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in CA by 30.8% in the first quarter. Pacer Advisors Inc. now owns 14,114 shares of the technology company’s stock worth $448,000 after buying an additional 3,324 shares in the last quarter. 70.62% of the stock is owned by institutional investors and hedge funds.
Shares of CA Inc. (CA) opened at 34.64 on Friday. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54. The stock has a market capitalization of $14.47 billion, a P/E ratio of 18.72 and a beta of 0.87. The firm’s 50-day moving average is $33.50 and its 200 day moving average is $32.46.
CA (NASDAQ:CA) last released its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.59 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. On average, analysts expect that CA Inc. will post $2.38 EPS for the current fiscal year.
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A number of equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Sanford C. Bernstein restated an “underperform” rating and issued a $28.00 target price on shares of CA in a report on Wednesday, June 28th. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a report on Tuesday, July 11th. Citigroup Inc. boosted their target price on shares of CA from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, June 28th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $38.00 target price on shares of CA in a report on Wednesday, June 21st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. CA has an average rating of “Hold” and an average price target of $35.10.
In related news, insider Ayman Sayed sold 30,194 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total value of $1,075,510.28. Following the transaction, the insider now owns 168,455 shares in the company, valued at $6,000,367.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.90% 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.
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