CA Inc. (NASDAQ:CA) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently weighed in on the stock. Citigroup Inc. restated a “neutral” rating and set a $34.00 price objective (up from $33.00) on shares of CA in a research report on Sunday, May 14th. Zacks Investment Research cut shares of CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. DA Davidson reiterated a “neutral” rating and issued a $12.00 target price on shares of CA in a research report on Friday, May 19th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Finally, Sanford C. Bernstein reiterated an “underperform” rating and issued a $28.00 target price on shares of CA in a research report on Wednesday. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $34.88.

CA (NASDAQ:CA) traded up 0.58% during midday trading on Friday, hitting $34.47. 3,427,888 shares of the stock were exchanged. The firm’s 50 day moving average price is $32.41 and its 200 day moving average price is $32.25. CA has a 12 month low of $30.01 and a 12 month high of $36.54. The company has a market cap of $14.40 billion, a PE ratio of 18.63 and a beta of 0.92.

CA (NASDAQ:CA) last released its 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. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.59 million. CA had a net margin of 19.20% and a return on equity of 17.15%. CA’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. On average, equities research analysts forecast that CA will post $2.38 earnings per share for the current fiscal year.

The business also recently announced 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. This represents a $1.02 annualized dividend and a yield of 2.96%. The ex-dividend date was Tuesday, May 23rd. 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 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 completion of the transaction, the insider now 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 SEC, which is available at this link. Company insiders own 0.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fort Pitt Capital Group LLC boosted 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 valued at $31,155,000 after buying an additional 6,328 shares in the last quarter. TLP Group LLC acquired a new stake in shares of CA during the first quarter valued at about $381,000. Cambridge Investment Research Advisors Inc. boosted 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 valued at $2,493,000 after buying an additional 15,365 shares in the last quarter. Victory Capital Management Inc. boosted 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 valued at $7,067,000 after buying an additional 59,398 shares in the last quarter. Finally, Pacer Advisors Inc. boosted 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 valued at $448,000 after buying an additional 3,324 shares in 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.

Analyst Recommendations for CA (NASDAQ:CA)

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