Jacob Lamm Sells 16,349 Shares of CA Inc. (CA) Stock
CA Inc. (NASDAQ:CA) EVP Jacob Lamm sold 16,349 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $33.45, for a total transaction of $546,874.05. Following the transaction, the executive vice president now directly owns 45,483 shares of the company’s stock, valued at approximately $1,521,406.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of CA Inc. (NASDAQ CA) traded down 0.27% during mid-day trading on Wednesday, reaching $33.46. 1,094,314 shares of the company’s stock traded hands. The stock has a market cap of $14.10 billion, a PE ratio of 18.59 and a beta of 0.82. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The firm has a 50 day moving average price of $32.54 and a 200-day moving average price of $32.60.
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 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 business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company earned $0.64 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, analysts predict that CA Inc. will post $2.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.05%. The ex-dividend date was Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is 56.67%.
CA has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. DA Davidson reaffirmed a “neutral” rating and set a $12.00 price objective on shares of CA in a research report on Friday, May 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of CA in a research report on Thursday, June 1st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Finally, Citigroup Inc. increased their price target on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. CA presently has an average rating of “Hold” and a consensus price target of $34.88.
Institutional investors have recently modified their holdings of the business. Strs Ohio raised its position in shares of CA by 1.8% in the 1st quarter. Strs Ohio now owns 33,256 shares of the technology company’s stock valued at $1,054,000 after buying an additional 577 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of CA by 47.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 147,381 shares of the technology company’s stock valued at $4,675,000 after buying an additional 47,220 shares in the last quarter. American Century Companies Inc. raised its position in shares of CA by 22.9% in the 1st quarter. American Century Companies Inc. now owns 637,708 shares of the technology company’s stock valued at $20,228,000 after buying an additional 119,034 shares in the last quarter. Boston Partners acquired a new position in shares of CA in the 1st quarter valued at approximately $588,000. Finally, Henderson Group PLC raised its position in shares of CA by 3.5% in the 1st quarter. Henderson Group PLC now owns 35,129 shares of the technology company’s stock valued at $1,114,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 67.51% of the company’s stock.
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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