CA’s (CA) Buy Rating Reiterated at Jefferies Group LLC
CA, Inc. (NASDAQ:CA)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group LLC in a report released on Thursday. They presently have a $38.00 price objective on the technology company’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 19.23% from the company’s previous close.
CA has been the topic of several other research reports. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Evercore ISI cut CA from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. FIG Partners upgraded CA to an “outperform” rating and boosted their price target for the company from $40.00 to $42.25 in a research report on Wednesday, May 3rd. DA Davidson cut CA from a “buy” rating to a “neutral” rating in a research report on Monday, April 10th. Finally, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of CA in a research report on Friday, May 12th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $35.25.
CA (NASDAQ:CA) traded up 0.31% during trading on Thursday, reaching $31.87. The company’s stock had a trading volume of 2,137,891 shares. The company has a market capitalization of $13.32 billion, a P/E ratio of 17.23 and a beta of 0.92. CA has a 12-month low of $30.01 and a 12-month high of $34.99. The firm’s 50-day moving average price is $32.06 and its 200 day moving average price is $32.04.
CA (NASDAQ:CA) last issued its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $996.59 million. CA had a return on equity of 17.98% and a net margin of 19.64%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. On average, analysts predict that CA will post $2.39 earnings per share for the current fiscal year.
The company 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 dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Tuesday, May 23rd. CA’s dividend payout ratio (DPR) is 53.97%.
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Large investors have recently made changes to their positions in the company. Park National Corp OH raised its stake in shares of CA by 0.3% in the first quarter. Park National Corp OH now owns 8,885 shares of the technology company’s stock valued at $282,000 after buying an additional 28 shares during the period. Cleararc Capital Inc. raised its stake in shares of CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock valued at $243,000 after buying an additional 32 shares during the period. Alpha Windward LLC raised its stake in shares of CA by 0.7% in the first quarter. Alpha Windward LLC now owns 9,280 shares of the technology company’s stock valued at $294,000 after buying an additional 61 shares during the period. U S Global Investors Inc raised its stake in shares of CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock valued at $492,000 after buying an additional 100 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after buying an additional 107 shares during the period. 68.63% of the stock is currently owned by institutional investors and hedge funds.
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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