CA’s (CA) “Buy” Rating Reiterated at Jefferies Group LLC
CA Inc. (NASDAQ:CA)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group LLC in a note issued to investors on Wednesday. They currently have a $38.00 target price on the technology company’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 8.63% from the stock’s previous close.
A number of other equities analysts have also weighed in on CA. Evercore ISI lowered CA from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Citigroup Inc reiterated a “neutral” rating and issued a $34.00 price target (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Raymond James Financial, Inc. upgraded 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. Finally, Piper Jaffray Companies increased their price target 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 issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $35.25.
Shares of CA (NASDAQ:CA) traded down 0.37% on Wednesday, reaching $34.98. 5,111,054 shares of the company traded hands. The company has a market capitalization of $14.62 billion, a PE ratio of 18.91 and a beta of 0.92. CA has a 52-week low of $30.01 and a 52-week high of $35.11. The firm has a 50-day moving average of $31.93 and a 200-day moving average of $32.09.
CA (NASDAQ:CA) last announced its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $996.59 million. During the same quarter last year, the business posted $0.60 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, equities research analysts forecast that CA will post $2.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Tuesday, May 23rd. CA’s dividend payout ratio (DPR) is presently 55.14%.
In other news, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the completion of the sale, the insider now directly owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of CA. Baird Financial Group Inc. increased its position in shares of CA by 3.9% in the fourth quarter. Baird Financial Group Inc. now owns 42,975 shares of the technology company’s stock worth $1,365,000 after buying an additional 1,623 shares during the last quarter. TCW Group Inc. increased its position in shares of CA by 66.2% in the fourth quarter. TCW Group Inc. now owns 38,547 shares of the technology company’s stock worth $1,225,000 after buying an additional 15,347 shares during the last quarter. FMR LLC increased its position 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. Keybank National Association OH bought a new position in shares of CA during the fourth quarter worth $249,000. Finally, Asset Management One Co. Ltd. increased its position in shares of CA by 1,228.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 530,110 shares of the technology company’s stock worth $16,855,000 after buying an additional 490,217 shares during the last quarter. 71.69% of the stock is owned by institutional investors.
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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