Traders Purchase Large Volume of CA Call Options (CA)
CA, Inc. (NASDAQ:CA) saw unusually large options trading activity on Tuesday. Investors purchased 4,535 call options on the stock. This is an increase of approximately 1,830% compared to the typical daily volume of 235 call options.
Shares of CA (NASDAQ CA) opened at $33.19 on Friday. The stock has a market cap of $14,017.02, a PE ratio of 15.36, a P/E/G ratio of 4.47 and a beta of 0.74. CA has a fifty-two week low of $30.45 and a fifty-two week high of $36.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.24.
CA (NASDAQ:CA) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.05 billion. CA had a net margin of 17.83% and a return on equity of 15.74%. CA’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. equities analysts predict that CA will post 2.25 earnings per share for the current year.
In other CA news, EVP Lauren Patricia Flaherty sold 24,843 shares of CA stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $32.59, for a total transaction of $809,633.37. Following the sale, the executive vice president now owns 82,000 shares of the company’s stock, valued at approximately $2,672,380. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.90% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of CA. Vanguard Group Inc. increased its stake in CA by 22.3% during the second quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock worth $1,108,792,000 after purchasing an additional 5,855,217 shares during the period. Bank of New York Mellon Corp increased its stake in CA by 12.0% during the third quarter. Bank of New York Mellon Corp now owns 30,244,351 shares of the technology company’s stock worth $1,009,556,000 after purchasing an additional 3,240,645 shares during the period. BlackRock Inc. increased its stake in CA by 1.5% during the second quarter. BlackRock Inc. now owns 21,017,338 shares of the technology company’s stock worth $724,466,000 after purchasing an additional 300,439 shares during the period. Dimensional Fund Advisors LP increased its stake in CA by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 5,800,913 shares of the technology company’s stock worth $199,953,000 after purchasing an additional 170,063 shares during the period. Finally, LSV Asset Management increased its stake in CA by 0.4% during the second quarter. LSV Asset Management now owns 3,496,928 shares of the technology company’s stock worth $120,539,000 after purchasing an additional 12,700 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.
Several brokerages have recently weighed in on CA. BidaskClub cut shares of CA from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Zacks Investment Research cut shares of CA from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Credit Suisse Group reissued a “neutral” rating and set a $34.00 price target on shares of CA in a research report on Tuesday, September 5th. Mizuho reissued a “hold” rating and set a $34.00 price target on shares of CA in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $32.00 price target on shares of CA in a research report on Monday, August 21st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. CA currently has a consensus rating of “Hold” and an average price target of $33.70.
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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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