CA (CA) Upgraded by BidaskClub to Hold

CA (NASDAQ:CA) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

CA has been the subject of several other research reports. Barclays decreased their target price on shares of CA from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Monday, October 30th. Finally, Mizuho reiterated a “hold” rating and set a $34.00 target price on shares of CA in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $33.70.

Shares of CA (CA) opened at $35.90 on Friday. CA has a 12 month low of $30.45 and a 12 month high of $36.54. The firm has a market cap of $14,703.43, a PE ratio of 20.63, a PEG ratio of 4.68 and a beta of 0.74. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42.

CA (NASDAQ:CA) last announced its earnings results on Wednesday, October 25th. The technology company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. CA had a net margin of 17.83% and a return on equity of 15.74%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. research analysts expect that CA will post 2.25 EPS for the current fiscal year.

In related news, EVP Lauren Patricia Flaherty sold 24,843 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $32.59, for a total value of $809,633.37. Following the completion of the sale, the executive vice president now owns 82,000 shares in the company, valued at $2,672,380. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Thrivent Financial For Lutherans lifted its position in shares of CA by 1.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 66,309 shares of the technology company’s stock valued at $2,285,000 after acquiring an additional 767 shares during the period. D.A. Davidson & CO. lifted its position in shares of CA by 4.2% during the 2nd quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after acquiring an additional 169 shares during the period. FMR LLC lifted its position in shares of CA by 11.5% during the 2nd quarter. FMR LLC now owns 436,699 shares of the technology company’s stock valued at $15,053,000 after acquiring an additional 44,883 shares during the period. Suntrust Banks Inc. lifted its position in shares of CA by 8.8% during the 2nd quarter. Suntrust Banks Inc. now owns 73,750 shares of the technology company’s stock valued at $2,541,000 after acquiring an additional 5,971 shares during the period. Finally, Cibc World Markets Corp lifted its position in shares of CA by 10.9% during the 2nd quarter. Cibc World Markets Corp now owns 75,355 shares of the technology company’s stock valued at $2,597,000 after acquiring an additional 7,416 shares during the period. Hedge funds and other institutional investors own 68.77% of the company’s stock.

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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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