CA Inc. (CA) Receives Consensus Rating of “Hold” from Analysts
Shares of CA Inc. (NASDAQ:CA) have earned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $34.57.
A number of brokerages have recently commented on CA. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of CA in a research report on Friday, April 28th. Evercore ISI lowered shares of CA from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. FIG Partners raised shares of CA to an “outperform” rating and upped their price objective for the company from $40.00 to $42.25 in a research report on Wednesday, May 3rd. Finally, DA Davidson lowered shares of CA from a “buy” rating to a “neutral” rating in a research report on Monday, April 10th.
In other CA news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the sale, the insider now directly owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC boosted 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 in the last quarter. Acrospire Investment Management LLC boosted 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 valued at $121,000 after buying an additional 2,800 shares in the last quarter. Tompkins Financial Corp boosted 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 valued at $165,000 after buying an additional 4,022 shares in the last quarter. Hefty Wealth Partners boosted 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 valued at $167,000 after buying an additional 5,182 shares in the last quarter. Finally, Penserra Capital Management LLC boosted 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 valued at $179,000 after buying an additional 492 shares in the last quarter. 71.69% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of CA (NASDAQ:CA) opened at 34.81 on Tuesday. The stock’s 50 day moving average price is $31.93 and its 200-day moving average price is $32.09. The stock has a market capitalization of $14.54 billion, a price-to-earnings ratio of 18.82 and a beta of 0.92. CA has a 12 month low of $30.01 and a 12 month high of $35.27.
CA (NASDAQ:CA) last announced its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. CA had a net margin of 19.20% and a return on equity of 17.15%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Equities analysts forecast that CA will post $2.39 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.02 annualized dividend and a yield of 2.93%. CA’s dividend payout ratio is 55.14%.
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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