Insider Selling: CA Inc. (CA) EVP Sells 24,843 Shares of Stock
CA Inc. (NASDAQ:CA) EVP Lauren Patricia Flaherty sold 24,843 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $32.59, for a total transaction of $809,633.37. Following the completion of the sale, the executive vice president now directly owns 82,000 shares in the company, valued at approximately $2,672,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
CA (NASDAQ:CA) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. CA had a net margin of 17.83% and a return on equity of 15.74%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share.
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Several analysts have issued reports on CA shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $32.00 price target on shares of CA in a report on Monday, August 21st. BidaskClub raised shares of CA from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Zacks Investment Research downgraded shares of CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. KeyCorp reissued a “sector weight” rating on shares of CA in a research note on Sunday, September 17th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $34.00 price objective on shares of CA in a research note on Tuesday, September 5th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $34.68.
Several hedge funds have recently bought and sold shares of the stock. OppenheimerFunds Inc. lifted its stake in CA by 8.6% in the first quarter. OppenheimerFunds Inc. now owns 16,223 shares of the technology company’s stock valued at $515,000 after acquiring an additional 1,288 shares during the last quarter. FMR LLC lifted its stake in CA by 228.4% in the first quarter. FMR LLC now owns 391,816 shares of the technology company’s stock valued at $12,429,000 after acquiring an additional 272,517 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in CA by 3.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 60,049 shares of the technology company’s stock valued at $1,905,000 after acquiring an additional 2,269 shares during the last quarter. Hefty Wealth Partners lifted its stake in CA by 0.6% in the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock valued at $183,000 after acquiring an additional 32 shares during the last quarter. Finally, Catawba Capital Management VA lifted its stake in CA by 10.3% in the second quarter. Catawba Capital Management VA now owns 11,740 shares of the technology company’s stock valued at $405,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 66.96% 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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