CA Inc. (NASDAQ:CA)‘s stock had its “neutral” rating restated by equities researchers at Citigroup Inc. in a report released on Wednesday. They presently have a $36.00 price target on the technology company’s stock, up from their previous price target of $34.00. Citigroup Inc.’s price objective would suggest a potential upside of 3.12% from the stock’s previous close.

Several other analysts have also recently weighed in on CA. Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Wednesday, June 21st. DA Davidson reissued a “neutral” rating and issued a $12.00 price target on shares of CA in a research note on Friday, May 19th. Zacks Investment Research cut shares of CA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Finally, Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of CA in a research note on Friday, May 12th. Four 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 has a consensus rating of “Hold” and a consensus target price of $34.88.

CA (CA) traded up 0.84% on Wednesday, reaching $34.91. The company had a trading volume of 4,314,981 shares. CA has a 1-year low of $30.01 and a 1-year high of $35.07. The company’s 50-day moving average price is $31.93 and its 200 day moving average price is $32.09. The firm has a market capitalization of $14.59 billion, a P/E ratio of 18.87 and a beta of 0.92.

CA (NASDAQ:CA) last released its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share 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 the consensus estimate of $996.59 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities analysts forecast that CA will post $2.38 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were issued a dividend of $0.255 per share. The ex-dividend date was Tuesday, May 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 2.92%. CA’s dividend payout ratio (DPR) is presently 55.14%.

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In other CA news, insider Ayman Sayed sold 30,194 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $6,000,367.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.90% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Fort Pitt Capital Group LLC raised its stake in shares of CA by 0.6% in the first quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after buying an additional 6,328 shares during the last quarter. TLP Group LLC purchased a new stake in shares of CA during the first quarter worth $381,000. Victory Capital Management Inc. raised its stake in shares of CA by 36.4% in the first quarter. Victory Capital Management Inc. now owns 222,795 shares of the technology company’s stock worth $7,067,000 after buying an additional 59,398 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of CA by 24.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,590 shares of the technology company’s stock worth $2,493,000 after buying an additional 15,365 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of CA by 30.8% in the first quarter. Pacer Advisors Inc. now owns 14,114 shares of the technology company’s stock worth $448,000 after buying an additional 3,324 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

About CA

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.

Analyst Recommendations for CA (NASDAQ:CA)

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