Short Interest in CA, Inc. (CA) Decreases By 8.9%
CA, Inc. (NASDAQ:CA) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 14,349,278 shares, a decline of 8.9% from the April 28th total of 15,743,486 shares. Based on an average daily volume of 3,180,473 shares, the days-to-cover ratio is currently 4.5 days. Currently, 4.6% of the shares of the stock are short sold.
Several equities analysts recently issued reports on the company. Piper Jaffray Companies lifted their price objective on CA from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Raymond James Financial, Inc. raised CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Monday, May 8th. Jefferies Group LLC reissued a “buy” rating and set a $38.00 price target on shares of CA in a research report on Sunday, May 14th. Citigroup Inc reissued a “neutral” rating and set a $34.00 price target (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. Finally, Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of CA in a research report on Friday, May 12th. 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 company’s stock. The stock has an average rating of “Hold” and a consensus target price of $35.25.
Shares of CA (NASDAQ:CA) opened at 31.82 on Friday. CA has a 12 month low of $30.01 and a 12 month high of $34.99. The stock has a market cap of $13.29 billion, a P/E ratio of 17.20 and a beta of 0.92. The stock has a 50 day moving average price of $32.06 and a 200-day moving average price of $32.04.
CA (NASDAQ:CA) last posted its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.59 million. During the same period in the prior year, the business posted $0.60 earnings per share. CA’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts forecast that CA will post $2.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Tuesday, May 23rd. CA’s dividend payout ratio (DPR) is presently 53.97%.
Several institutional investors have recently bought and sold shares of CA. Achmea Investment Management B.V. bought a new position in CA during the first quarter worth $4,647,000. Bank of Nova Scotia increased its position in 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 period. Financial Advisors Network Inc. increased its position in 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 period. Summit Global Investments increased its position in 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 period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in 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 period. 68.63% of the stock is currently owned by institutional investors and hedge funds.
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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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