CA, Inc. (NASDAQ:CA)‘s stock had its “neutral” rating reaffirmed by equities researchers at DA Davidson in a research note issued to investors on Friday. They currently have a $12.00 target price on the technology company’s stock. DA Davidson’s price target would suggest a potential downside of 61.35% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. FIG Partners raised CA to an “outperform” rating and lifted their target price for the company from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Hovde Group reaffirmed an “outperform” rating and set a $39.00 target price (up previously from $37.00) on shares of CA in a research note on Sunday, January 29th. Piper Jaffray Companies lifted 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. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Friday, April 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $35.25.

Analyst Recommendations for CA (NASDAQ:CA)

CA (NASDAQ:CA) traded up 0.74% during trading on Friday, reaching $31.27. 1,303,679 shares of the company’s stock traded hands. The stock has a market capitalization of $13.07 billion, a P/E ratio of 16.90 and a beta of 0.92. CA has a 12 month low of $30.01 and a 12 month high of $34.99. The company has a 50-day moving average of $32.06 and a 200 day moving average of $32.01.

CA (NASDAQ:CA) last issued its quarterly 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 19.64% and a return on equity of 17.98%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $996.59 million. During the same period in the previous year, the business earned $0.60 earnings per share. CA’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities research analysts expect that CA will post $2.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.29%. CA’s dividend payout ratio (DPR) is presently 53.97%.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Nova Scotia raised its position in shares of CA by 917.1% in the first quarter. Bank of Nova Scotia now owns 72,175 shares of the technology company’s stock worth $2,289,000 after buying an additional 65,079 shares during the last quarter. Financial Advisors Network Inc. raised its position in shares of CA by 6.7% in the first quarter. Financial Advisors Network Inc. now owns 25,107 shares of the technology company’s stock worth $794,000 after buying an additional 1,570 shares during the last quarter. Summit Global Investments raised its position in shares of CA by 15.8% in the first quarter. Summit Global Investments now owns 43,379 shares of the technology company’s stock worth $1,376,000 after buying an additional 5,912 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of CA by 16.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,200 shares of the technology company’s stock worth $482,000 after buying an additional 2,100 shares during the last quarter. Finally, Oak Associates Ltd. OH raised its position in shares of CA by 62.9% in the first quarter. Oak Associates Ltd. OH now owns 401,352 shares of the technology company’s stock worth $12,731,000 after buying an additional 155,001 shares during the last quarter. Institutional investors and hedge funds own 68.63% of the company’s stock.

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.

5 Day Chart for NASDAQ:CA

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