CA Inc. (CA) Upgraded to Buy at ValuEngine
CA Inc. (NASDAQ:CA) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.
CA has been the topic of several other reports. BidaskClub cut CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Sanford C. Bernstein reissued an “underperform” rating and set a $28.00 price objective on shares of CA in a research note on Wednesday, June 28th. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a research note on Tuesday, July 11th. Barclays PLC reissued an “equal weight” rating and set a $36.00 price objective (up from $35.00) on shares of CA in a research note on Thursday, August 3rd. Finally, Citigroup Inc. boosted their price objective on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $34.88.
CA (NASDAQ CA) traded up 0.75% during trading on Monday, hitting $33.41. The stock had a trading volume of 1,392,777 shares. The firm has a market cap of $14.07 billion, a P/E ratio of 18.56 and a beta of 0.82. The company has a 50-day moving average of $32.55 and a 200 day moving average of $32.58. CA has a 52-week low of $30.01 and a 52-week high of $36.54.
CA (NASDAQ:CA) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts predict that CA will post $2.46 earnings per share for the current fiscal year.
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In related news, insider Ayman Sayed sold 12,920 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was 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 $3,683,244.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Insiders sold 228,666 shares of company stock valued at $7,481,319 in the last quarter. 0.90% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its holdings in CA by 3.4% during the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock worth $106,000 after buying an additional 107 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in CA by 26.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after buying an additional 654 shares during the period. Acrospire Investment Management LLC lifted its holdings in CA by 280.0% during the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock worth $121,000 after buying an additional 2,800 shares during the period. Bessemer Group Inc. lifted its holdings in CA by 419.6% during the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock worth $134,000 after buying an additional 3,126 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in CA by 4.2% during the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock worth $145,000 after buying an additional 169 shares during the period. 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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