CA Inc. (CA) Short Interest Update
CA Inc. (NASDAQ:CA) was the recipient of a large decrease in short interest in the month of July. As of July 14th, there was short interest totalling 10,119,802 shares, a decrease of 14.0% from the June 30th total of 11,768,105 shares. Based on an average daily volume of 2,256,285 shares, the short-interest ratio is currently 4.5 days. Currently, 3.2% of the company’s stock are short sold.
Shares of CA (NASDAQ:CA) opened at 31.10 on Friday. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 16.81 and a beta of 0.87. CA has a 52 week low of $30.01 and a 52 week high of $36.54. The stock has a 50 day moving average of $33.77 and a 200-day moving average of $32.51.
CA (NASDAQ:CA) last posted its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. CA had a net margin of 19.20% and a return on equity of 17.15%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. During the same period last year, the business posted $0.60 EPS. CA’s revenue 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 year.
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 transaction of $1,075,510.28. Following the completion of the sale, the insider now directly owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of CA. Parallel Advisors LLC raised 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 valued at $106,000 after buying an additional 107 shares in the last quarter. Acrospire Investment Management LLC raised its stake in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares in the last quarter. CENTRAL TRUST Co raised its stake in CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after buying an additional 319 shares in the last quarter. Tompkins Financial Corp raised its stake in CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock valued at $165,000 after buying an additional 4,022 shares in the last quarter. Finally, Hefty Wealth Partners raised its stake in CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock valued at $167,000 after buying an additional 5,182 shares in the last quarter. Institutional investors own 70.74% of the company’s stock.
A number of brokerages recently weighed in on CA. Zacks Investment Research cut shares of CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub cut shares of CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $28.00 price target on shares of CA in a research report on Wednesday, June 28th. Citigroup Inc. upped their price target on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $35.10.
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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