CA Inc. (NASDAQ:CA) Receives Average Recommendation of “Hold” from Analysts
Shares of CA Inc. (NASDAQ:CA) have earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $34.20.
CA has been the subject of several research reports. BidaskClub cut shares of CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Sanford C. Bernstein restated an “underperform” rating and issued a $28.00 price objective on shares of CA in a research report on Wednesday, June 28th. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating and set a $38.00 price objective for the company in a research report on Tuesday, July 11th. Citigroup Inc. raised their price objective on shares of CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, June 28th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $38.00 price objective on shares of CA in a research report on Wednesday, June 21st.
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CA (NASDAQ CA) opened at 34.42 on Monday. The firm has a 50-day moving average of $33.50 and a 200 day moving average of $32.46. CA has a 52-week low of $30.01 and a 52-week high of $36.54. The company has a market cap of $14.38 billion, a PE ratio of 18.61 and a beta of 0.87.
CA (NASDAQ:CA) last announced its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations 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 last year, the company posted $0.60 EPS. Equities research analysts expect that CA will post $2.38 earnings per share for the current fiscal year.
In other news, insider Ayman Sayed sold 30,194 shares of CA stock in a transaction that occurred 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 in the company, valued at $6,000,367.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of CA. Parallel Advisors LLC increased its stake in CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock worth $106,000 after buying an additional 107 shares during the period. Acrospire Investment Management LLC increased its position 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 worth $121,000 after buying an additional 2,800 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock worth $159,000 after buying an additional 319 shares during the last quarter. Hefty Wealth Partners increased its position 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 worth $167,000 after buying an additional 5,182 shares during the last quarter. Finally, Tompkins Financial Corp increased its position 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 worth $165,000 after buying an additional 4,022 shares during the last quarter. Institutional investors own 70.74% of the company’s stock.
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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