CA Inc. (CA) Rating Reiterated by Credit Suisse Group
CA Inc. (NASDAQ:CA)‘s stock had its “neutral” rating reissued by stock analysts at Credit Suisse Group in a research report issued on Tuesday. They currently have a $34.00 price target on the technology company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 2.22% from the stock’s current price.
Several other equities analysts have also recently weighed in on CA. Raymond James Financial, Inc. raised CA from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Monday, May 8th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of CA in a research note on Friday, May 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Sunday, May 14th. Citigroup Inc. reiterated a “neutral” rating and issued a $34.00 price target (up previously from $33.00) on shares of CA in a research note on Sunday, May 14th. Finally, Zacks Investment Research lowered CA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $34.88.
Shares of CA (NASDAQ:CA) traded down 1.35% during mid-day trading on Tuesday, reaching $32.81. The company’s stock had a trading volume of 640,873 shares. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 18.23 and a beta of 0.82. CA has a 52-week low of $30.01 and a 52-week high of $36.54. The firm has a 50 day moving average price of $32.80 and a 200 day moving average price of $32.54.
CA (NASDAQ:CA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The firm 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 company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. On average, equities analysts predict that CA will post $2.46 EPS for the current fiscal year.
In other CA news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ayman Sayed sold 12,920 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $32.19, for a total value of $415,894.80. Following the completion of the sale, the insider now owns 114,422 shares in the company, valued at approximately $3,683,244.18. The disclosure for this sale can be found here. Insiders have sold a total of 228,666 shares of company stock worth $7,481,319 in the last 90 days. 0.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Beacon Capital Management bought a new stake in shares of CA in the 4th quarter valued at about $0. Parallel Advisors LLC bought a new stake in shares of CA in the 4th quarter valued at about $100,000. Northwestern Mutual Wealth Management Co. grew its position in shares of CA by 26.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after buying an additional 654 shares during the last quarter. Acrospire Investment Management LLC grew its position in shares of CA by 280.0% in the 1st 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 during the last quarter. Finally, Penserra Capital Management LLC grew its position in shares of CA by 100.0% in the 3rd quarter. Penserra Capital Management LLC now owns 3,744 shares of the technology company’s stock valued at $123,000 after buying an additional 1,872 shares during the last quarter. Hedge funds and other institutional investors own 67.51% of the company’s stock.
CA Company Profile
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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