Raymond James Financial, Inc. Reaffirms “Market Perform” Rating for CA, Inc. (CA)
CA, Inc. (NASDAQ:CA)‘s stock had its “market perform” rating reiterated by equities researchers at Raymond James Financial, Inc. in a report released on Thursday.
A number of other research firms also recently commented on CA. FIG Partners upgraded CA to an “outperform” rating and increased their target price for the company from $40.00 to $42.25 in a research report on Wednesday, May 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 target price on shares of CA in a research report on Sunday, May 14th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of CA in a research report on Friday, May 12th. DA Davidson downgraded CA from a “buy” rating to a “neutral” rating in a research report on Monday, April 10th. Finally, Piper Jaffray Companies increased their target price on CA from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $35.25.
Shares of CA (NASDAQ:CA) traded down 1.76% during midday trading on Thursday, reaching $35.17. 4,300,795 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $31.93 and its 200 day moving average price is $32.09. CA has a one year low of $30.01 and a one year high of $35.82. The firm has a market capitalization of $14.69 billion, a PE ratio of 19.01 and a beta of 0.92.
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 Thomson Reuters’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 11.04% and a net margin of 15.51%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. During the same period in the prior year, the company posted $0.60 EPS. The firm’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 business also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were given a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 2.85%. CA’s dividend payout ratio is presently 55.14%.
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Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC increased 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 worth $106,000 after buying an additional 107 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock worth $121,000 after buying an additional 2,800 shares in the last quarter. Tompkins Financial Corp increased its stake in shares of CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock worth $165,000 after buying an additional 4,022 shares in the last quarter. Hefty Wealth Partners increased its stake in shares of CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock worth $167,000 after buying an additional 5,182 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock worth $179,000 after buying an additional 492 shares in the last quarter. Institutional investors own 71.69% 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.
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