CA, Inc. (NASDAQ:CA) insider Adam Elster sold 166,621 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the sale, the insider now directly owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of CA, Inc. (NASDAQ:CA) traded up 1.02% during midday trading on Wednesday, hitting $32.55. 3,356,785 shares of the stock traded hands. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of 18.08 and a beta of 0.86. CA, Inc. has a 12-month low of $30.01 and a 12-month high of $36.54. The company’s 50 day moving average price is $33.67 and its 200-day moving average price is $32.43.

CA (NASDAQ:CA) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. CA had a net margin of 17.37% and a return on equity of 12.22%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. On average, equities research analysts expect that CA, Inc. will post $2.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.13%. CA’s payout ratio is 56.67%.

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CA has been the subject of a number of recent analyst reports. Citigroup Inc. reiterated a “neutral” rating and issued a $34.00 price target (up from $33.00) on shares of CA in a research report on Sunday, May 14th. Zacks Investment Research lowered shares of CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. DA Davidson restated a “neutral” rating and set a $12.00 target price on shares of CA in a research report on Friday, May 19th. BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. CA has a consensus rating of “Hold” and an average target price of $35.09.

Several hedge funds and other institutional investors have recently made changes to their positions in CA. BlackRock Inc. boosted its position in shares of CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock valued at $657,139,000 after buying an additional 19,979,935 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock valued at $834,606,000 after buying an additional 5,729,276 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of CA by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock valued at $930,816,000 after buying an additional 2,691,791 shares during the last quarter. FIL Ltd boosted its position in shares of CA by 13.1% in the first quarter. FIL Ltd now owns 8,352,008 shares of the technology company’s stock valued at $264,926,000 after buying an additional 964,522 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of CA by 22.6% in the first quarter. First Trust Advisors LP now owns 3,837,809 shares of the technology company’s stock valued at $121,735,000 after buying an additional 706,514 shares during the last quarter. 70.49% of the stock is currently owned by hedge funds and other institutional investors.

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.

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