CA Inc. (CA) Earns Underperform Rating from Sanford C. Bernstein
CA Inc. (NASDAQ:CA)‘s stock had its “underperform” rating reaffirmed by Sanford C. Bernstein in a note issued to investors on Wednesday. They presently have a $28.00 target price on the technology company’s stock. Sanford C. Bernstein’s price objective would indicate a potential downside of 19.79% from the company’s current price.
Several other equities research analysts also recently issued reports on the stock. Piper Jaffray Companies boosted their price objective on shares of CA from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Citigroup Inc. reiterated a “neutral” rating and set a $36.00 price objective (up from $34.00) on shares of CA in a research note on Wednesday. Raymond James Financial, Inc. upgraded shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Monday, May 8th. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 price objective on shares of CA in a research note on Thursday, June 1st. Finally, Zacks Investment Research downgraded shares of CA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $34.88.
CA (NASDAQ CA) traded up 0.84% on Wednesday, hitting $34.91. 4,314,981 shares of the company traded hands. The stock has a market cap of $14.59 billion, a PE ratio of 18.87 and a beta of 0.92. CA has a 12 month low of $30.01 and a 12 month high of $35.07. The stock’s 50-day moving average is $31.93 and its 200 day moving average is $32.09.
CA (NASDAQ:CA) last issued its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. CA had a net margin of 19.20% and a return on equity of 17.15%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. During the same quarter 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. Equities research analysts expect that CA will post $2.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were paid a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.02 annualized dividend and a dividend yield of 2.92%. CA’s dividend payout ratio (DPR) is presently 55.14%.
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In related news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of CA during the fourth quarter worth $322,000. Kentucky Retirement Systems acquired a new stake in shares of CA during the fourth quarter worth $722,000. UBS Asset Management Americas Inc. boosted its stake in shares of CA by 6.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,090,277 shares of the technology company’s stock worth $66,407,000 after buying an additional 123,497 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of CA during the fourth quarter worth $502,000. Finally, Vident Investment Advisory LLC boosted its stake in shares of CA by 0.9% in the fourth quarter. Vident Investment Advisory LLC now owns 70,828 shares of the technology company’s stock worth $2,250,000 after buying an additional 662 shares during the period. 71.69% of the stock is currently owned by hedge funds and other 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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