Cornerstone Capital Management Holdings LLC. reduced its position in CA, Inc. (NASDAQ:CA) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,125,346 shares of the technology company’s stock after selling 93,963 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.27% of CA worth $37,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in shares of CA by 12.0% in 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 buying an additional 3,240,645 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of CA by 1.1% in the fourth quarter. BlackRock Inc. now owns 21,770,382 shares of the technology company’s stock worth $724,520,000 after buying an additional 243,520 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of CA by 12.0% in the fourth quarter. First Trust Advisors LP now owns 4,554,082 shares of the technology company’s stock worth $151,560,000 after buying an additional 487,482 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of CA by 541.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 3,150,132 shares of the technology company’s stock worth $105,151,000 after buying an additional 2,659,100 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of CA in the fourth quarter worth $97,375,000. Institutional investors and hedge funds own 68.01% of the company’s stock.
Several equities analysts have recently commented on CA shares. BidaskClub raised shares of CA from a “strong sell” rating to a “sell” rating in a report on Saturday, December 2nd. Credit Suisse Group boosted their target price on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Oppenheimer reissued a “hold” rating on shares of CA in a report on Wednesday, January 31st. Barclays boosted their target price on shares of CA from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, Jefferies Group reissued a “buy” rating and issued a $41.00 target price on shares of CA in a report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. CA presently has a consensus rating of “Hold” and a consensus price target of $34.23.
CA (NASDAQ:CA) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.20. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. CA had a net margin of 10.23% and a return on equity of 16.52%. CA’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. equities analysts forecast that CA, Inc. will post 2.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Thursday, February 22nd will be paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, February 21st. CA’s payout ratio is 100.99%.
TRADEMARK VIOLATION WARNING: “CA, Inc. (CA) Holdings Decreased by Cornerstone Capital Management Holdings LLC.” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/03/13/ca-inc-ca-holdings-decreased-by-cornerstone-capital-management-holdings-llc.html.
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.
Receive News & Ratings for CA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CA and related companies with MarketBeat.com's FREE daily email newsletter.