CA Inc. (NASDAQ:CA) Sees Significant Drop in Short Interest
CA Inc. (NASDAQ:CA) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 11,768,105 shares, a decline of 16.3% from the June 15th total of 14,058,946 shares. Currently, 3.7% of the company’s stock are sold short. Based on an average daily trading volume, of 5,359,763 shares, the days-to-cover ratio is currently 2.2 days.
Shares of CA (NASDAQ:CA) opened at 34.48 on Friday. The stock has a market cap of $14.41 billion, a P/E ratio of 18.64 and a beta of 0.87. The firm’s 50-day moving average price is $32.41 and its 200 day moving average price is $32.25. CA has a 1-year low of $30.01 and a 1-year high of $36.54.
CA (NASDAQ:CA) last posted its earnings results on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, topping the Zacks’ 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 for the quarter, compared to analysts’ expectations of $996.59 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. On average, equities analysts expect that CA will post $2.38 earnings per share for the current fiscal year.
Several research analysts recently weighed in on CA shares. FIG Partners upgraded CA to an “outperform” rating and boosted their target price for the stock from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Jefferies Group LLC restated a “buy” rating and set a $38.00 target price on shares of CA in a research note on Sunday, May 14th. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating and set a $38.00 target price on the stock in a research note on Tuesday. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of CA in a research note on Friday, May 12th. Finally, Raymond James Financial, Inc. upgraded CA from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research note on Monday, May 8th. Four investment 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 stock currently has an average rating of “Hold” and an average price target of $35.10.
In related news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 168,455 shares in the company, valued at approximately $6,000,367.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.90% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the company. Park National Corp OH raised its position in CA by 0.3% in the first quarter. Park National Corp OH now owns 8,885 shares of the technology company’s stock worth $282,000 after buying an additional 28 shares in the last quarter. Cleararc Capital Inc. raised its position in CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock worth $243,000 after buying an additional 32 shares in the last quarter. Hefty Wealth Partners raised its position in CA by 0.6% in the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock worth $183,000 after buying an additional 32 shares in the last quarter. Alpha Windward LLC raised its position in CA by 0.7% in the first quarter. Alpha Windward LLC now owns 9,280 shares of the technology company’s stock worth $294,000 after buying an additional 61 shares in the last quarter. Finally, U S Global Investors Inc raised its position in CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock worth $492,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 70.63% of the company’s stock.
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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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