CA Inc. (NASDAQ:CA) Short Interest Update
CA Inc. (NASDAQ:CA) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 8,865,754 shares, a drop of 12.4% from the July 14th total of 10,119,802 shares. Based on an average daily trading volume, of 4,137,396 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.8% of the shares of the company are sold short.
A number of research analysts recently issued reports on the company. Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Citigroup Inc. increased their price objective on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $28.00 price objective on shares of CA in a research report on Wednesday, June 28th. Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, BidaskClub cut CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Four investment analysts have rated the stock with a sell rating, nine have given 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 target price of $35.09.
In related news, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction that occurred 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 owns 168,455 shares in the company, valued at approximately $6,000,367.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the transaction, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold a total of 197,489 shares of company stock worth $6,472,070 in the last 90 days. 0.90% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in CA. BlackRock Inc. increased its stake 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 worth $657,139,000 after buying an additional 19,979,935 shares during the period. Vanguard Group Inc. increased its stake in shares of CA by 22.3% in the second quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock worth $1,108,792,000 after buying an additional 5,855,217 shares during the period. Bank of New York Mellon Corp increased its stake 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 worth $930,816,000 after buying an additional 2,691,791 shares during the period. FIL Ltd increased its stake 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 worth $264,926,000 after buying an additional 964,522 shares during the period. Finally, First Trust Advisors LP increased its stake 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 worth $121,735,000 after buying an additional 706,514 shares during the period. Hedge funds and other institutional investors own 70.49% of the company’s stock.
Shares of CA (NASDAQ:CA) opened at 31.99 on Friday. CA has a 12-month low of $30.01 and a 12-month high of $36.54. The stock has a 50 day moving average price of $33.53 and a 200 day moving average price of $32.42. The firm has a market capitalization of $13.48 billion, a PE ratio of 17.77 and a beta of 0.86.
CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. Analysts predict that CA will post $2.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th will be given a $0.255 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.19%. CA’s dividend payout ratio (DPR) is 56.67%.
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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