CA Inc. (NASDAQ:CA) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Thursday.

Other analysts have also recently issued reports about the company. ValuEngine raised CA from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 price objective on shares of CA in a research report on Wednesday, June 21st. Barclays PLC reaffirmed an “equal weight” rating and issued a $36.00 price objective (up from $35.00) on shares of CA in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $32.00 price objective on shares of CA in a research report on Monday, August 21st. Finally, Mizuho reaffirmed a “hold” rating and issued a $34.00 price objective on shares of CA in a research report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $34.88.

CA (CA) traded down 0.77% on Thursday, hitting $32.36. The stock had a trading volume of 1,889,282 shares. The company has a market cap of $13.63 billion, a P/E ratio of 17.98 and a beta of 0.82. CA has a 1-year low of $30.01 and a 1-year high of $36.54. The stock has a 50 day moving average price of $32.62 and a 200 day moving average price of $32.62.

CA (NASDAQ:CA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The firm 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 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts expect that CA will post $2.46 EPS for the current fiscal year.

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In other CA news, 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 completion of the sale, the insider now directly owns 251,356 shares in the company, valued at approximately $8,108,744.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ayman Sayed sold 18,694 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $32.47, for a total transaction of $606,994.18. Following the sale, the insider now owns 120,196 shares of the company’s stock, valued at $3,902,764.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 286,056 shares of company stock valued at $9,330,507. Company insiders own 0.90% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Cleararc Capital Inc. increased its stake in shares of CA by 0.4% in the 1st quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock worth $243,000 after purchasing an additional 32 shares in the last quarter. Hefty Wealth Partners increased its stake in shares of CA by 0.6% in the 2nd quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock worth $183,000 after purchasing an additional 32 shares in the last quarter. Advisor Partners LLC increased its stake in shares of CA by 0.9% in the 2nd quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock worth $253,000 after purchasing an additional 64 shares in the last quarter. U S Global Investors Inc increased its stake in shares of CA by 0.6% in the 1st quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock worth $492,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of CA by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 67.51% of the company’s stock.

About CA

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.

Analyst Recommendations for CA (NASDAQ:CA)

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