CA Inc. (CA) Receives Average Recommendation of “Hold” from Analysts
CA Inc. (NASDAQ:CA) has earned an average rating of “Hold” from the eighteen brokerages that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $34.27.
Several brokerages have recently issued reports on CA. BidaskClub upgraded CA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 price objective (up previously from $35.00) on shares of CA in a research note on Wednesday, August 9th. Mizuho reiterated a “hold” rating and issued a $34.00 price objective on shares of CA in a research note on Friday, July 28th. Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Sanford C. Bernstein reiterated an “underperform” rating and issued a $28.00 price objective on shares of CA in a research note on Wednesday, June 28th.
In other CA news, insider Ayman Sayed sold 18,694 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $32.47, for a total value of $606,994.18. Following the completion of the sale, the insider now owns 120,196 shares in the company, valued at $3,902,764.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Adam Elster sold 166,621 shares of the business’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 value of $5,375,193.46. Following the completion of the sale, the insider now owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 228,666 shares of company stock valued at $7,481,319. 0.90% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted 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 in the last quarter. Bank of New York Mellon Corp boosted 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 in the last quarter. Macquarie Group Ltd. boosted its stake in shares of CA by 2.1% in the first quarter. Macquarie Group Ltd. now owns 23,725,398 shares of the technology company’s stock worth $752,570,000 after buying an additional 479,924 shares in the last quarter. BlackRock Inc. boosted its stake in shares of CA by 1.5% in the second quarter. BlackRock Inc. now owns 21,017,338 shares of the technology company’s stock worth $724,466,000 after buying an additional 300,439 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of CA by 1.0% in the first quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock worth $498,611,000 after buying an additional 154,092 shares in the last quarter. Institutional investors own 71.09% of the company’s stock.
Shares of CA (NASDAQ:CA) opened at 32.38 on Friday. The firm’s 50 day moving average is $33.27 and its 200 day moving average is $32.45. The stock has a market capitalization of $13.64 billion, a price-to-earnings ratio of 17.99 and a beta of 0.86. CA has a 52-week low of $30.01 and a 52-week high of $36.54.
CA (NASDAQ:CA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.06. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. Equities analysts expect that CA will post $2.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 24th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.15%. The ex-dividend date is Tuesday, August 22nd. CA’s payout ratio is 56.67%.
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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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