CA, Inc. (NASDAQ:CA) has earned an average rating of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat.com reports. Two 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. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $33.68.
CA has been the subject of a number of research reports. Zacks Investment Research raised CA from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Monday, October 30th. Jefferies Group reaffirmed a “buy” rating and set a $41.00 price target on shares of CA in a research note on Wednesday, January 31st. Argus reissued a “buy” rating and set a $33.70 price objective (down from $40.00) on shares of CA in a research note on Wednesday. Barclays raised their price objective on CA from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, BidaskClub raised CA from a “sell” rating to a “hold” rating in a research note on Friday, January 26th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sentry Investment Management LLC lifted its holdings in shares of CA by 1.3% in the second quarter. Sentry Investment Management LLC now owns 19,884 shares of the technology company’s stock valued at $685,000 after purchasing an additional 252 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of CA by 0.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 453,196 shares of the technology company’s stock valued at $15,128,000 after purchasing an additional 1,750 shares in the last quarter. Prudential PLC lifted its holdings in shares of CA by 20.9% in the second quarter. Prudential PLC now owns 10,400 shares of the technology company’s stock valued at $359,000 after purchasing an additional 1,800 shares in the last quarter. Vident Investment Advisory LLC lifted its holdings in shares of CA by 2.7% in the third quarter. Vident Investment Advisory LLC now owns 70,853 shares of the technology company’s stock valued at $2,365,000 after purchasing an additional 1,837 shares in the last quarter. Finally, Palo Capital Inc. raised its holdings in shares of CA by 7.5% during the fourth quarter. Palo Capital Inc. now owns 26,788 shares of the technology company’s stock worth $892,000 after acquiring an additional 1,860 shares in the last quarter. Institutional investors own 68.71% of the company’s stock.
CA (NASDAQ:CA) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.20. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. CA had a return on equity of 16.52% and a net margin of 10.23%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $0.63 EPS. equities research analysts predict that CA will post 2.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.12%. CA’s dividend payout ratio is presently 100.99%.
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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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