Paloma Partners Management Co Cuts Position in CA Inc. (CA)

Paloma Partners Management Co decreased its position in shares of CA Inc. (NASDAQ:CA) by 71.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,424 shares of the technology company’s stock after selling 45,101 shares during the period. Paloma Partners Management Co’s holdings in CA were worth $584,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of CA by 0.5% in the fourth quarter. FMR LLC now owns 119,299 shares of the technology company’s stock worth $3,790,000 after buying an additional 621 shares during the last quarter. Vident Investment Advisory LLC boosted 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 worth $2,250,000 after buying an additional 662 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of CA during the fourth quarter worth approximately $502,000. UBS Asset Management Americas Inc. boosted 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 worth $66,407,000 after buying an additional 123,497 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new stake in shares of CA during the fourth quarter worth approximately $722,000. 70.63% of the stock is owned by hedge funds and other institutional investors.

Shares of CA Inc. (CA) opened at 34.48 on Friday. The stock has a market cap of $14.41 billion, a PE ratio of 18.64 and a beta of 0.87. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54. The stock’s 50 day moving average is $32.41 and its 200 day moving average is $32.25.

CA (NASDAQ:CA) last released its earnings results on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. CA had a net margin of 19.20% and a return on equity of 17.15%. 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 previous year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts forecast that CA Inc. will post $2.38 earnings per share for the current year.

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A number of analysts recently commented on CA shares. Jefferies Group LLC restated a “buy” rating and set a $38.00 price target on shares of CA in a research note on Wednesday, June 21st. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of CA in a research note on Friday, May 12th. Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Finally, DA Davidson restated a “neutral” rating and set a $12.00 price target on shares of CA in a research note on Friday, May 19th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.10.

In other news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction on 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 owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by insiders.

About CA

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.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

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