CA Inc. (CA) Receives Average Recommendation of “Hold” from Brokerages
Shares of CA Inc. (NASDAQ:CA) have been assigned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $34.10.
A number of equities research analysts have weighed in on CA shares. BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Sanford C. Bernstein reissued an “underperform” rating and set a $28.00 target price on shares of CA in a report on Wednesday, June 28th. Zacks Investment Research raised shares of CA from a “sell” rating to a “hold” rating and set a $38.00 target price on the stock in a report on Tuesday, July 11th. Barclays PLC reissued an “equal weight” rating and set a $36.00 target price (up from $35.00) on shares of CA in a report on Thursday, August 3rd. Finally, Citigroup Inc. boosted their target price on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, June 28th.
In related news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Elster sold 166,621 shares of the business’s stock in a transaction 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 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 sold a total of 228,666 shares of company stock worth $7,481,319 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised 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 last quarter. Northwestern Mutual Wealth Management Co. raised 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 last quarter. Acrospire Investment Management LLC raised 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 last quarter. Bessemer Group Inc. raised 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 last quarter. Finally, D.A. Davidson & CO. raised 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 last quarter. Institutional investors own 67.51% of the company’s stock.
CA (NASDAQ:CA) opened at 33.41 on Tuesday. The company has a 50-day moving average of $32.55 and a 200 day moving average of $32.58. CA has a one year low of $30.01 and a one year high of $36.54. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 18.56 and a beta of 0.82.
CA (NASDAQ:CA) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts anticipate that CA will post $2.46 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 $0.255 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.05%. CA’s dividend payout ratio (DPR) is currently 56.67%.
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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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