CA Inc. (NASDAQ:CA) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday.

Several other equities research analysts have also weighed in on the stock. Citigroup Inc. increased their price objective on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Wednesday, June 21st. Royal Bank Of Canada restated a “hold” rating and issued a $32.00 price target on shares of CA in a research note on Monday, August 21st. Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, KeyCorp restated a “sector weight” rating on shares of CA in a research note on Sunday, September 17th. Four 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. CA currently has an average rating of “Hold” and a consensus target price of $34.88.

CA (CA) traded up 1.12% during mid-day trading on Thursday, hitting $33.38. The stock had a trading volume of 1,322,320 shares. The company has a 50 day moving average price of $32.62 and a 200 day moving average price of $32.62. The stock has a market cap of $14.06 billion, a P/E ratio of 18.54 and a beta of 0.82. CA has a one year low of $30.01 and a one year high of $36.54.

CA (NASDAQ:CA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.55 by $0.06. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. On average, equities analysts anticipate that CA will post $2.46 EPS for the current year.

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In related news, insider Adam Elster sold 166,621 shares of the firm’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 transaction, the insider now owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ayman Sayed sold 18,694 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $32.47, for a total transaction of $606,994.18. Following the completion of the transaction, the insider now directly owns 120,196 shares of the company’s stock, valued at approximately $3,902,764.12. The disclosure for this sale can be found here. Insiders have sold 286,056 shares of company stock valued at $9,330,507 over the last 90 days. 0.90% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its stake in CA by 2.4% in the 2nd quarter. Teachers Advisors LLC now owns 1,326,972 shares of the technology company’s stock worth $45,741,000 after purchasing an additional 31,368 shares during the period. Fort Pitt Capital Group LLC boosted its stake in CA by 0.6% in the 1st quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after purchasing an additional 6,328 shares during the period. Bank of New York Mellon Corp boosted its stake in CA by 11.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after purchasing an additional 2,691,791 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in CA by 26.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after purchasing an additional 654 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in 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 during the period. 67.51% of the stock is owned by hedge funds and other institutional investors.

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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