Brandywine Global Investment Management LLC lifted its holdings in shares of CA, Inc. (NASDAQ:CA) by 7.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 361,012 shares of the technology company’s stock after purchasing an additional 25,423 shares during the period. Brandywine Global Investment Management LLC owned 0.09% of CA worth $12,015,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. bought a new position in CA in the third quarter valued at about $877,000. Canada Pension Plan Investment Board boosted its holdings in CA by 10.1% in the third quarter. Canada Pension Plan Investment Board now owns 235,372 shares of the technology company’s stock valued at $7,857,000 after acquiring an additional 21,591 shares during the last quarter. Stevens Capital Management LP bought a new position in CA in the third quarter valued at about $269,000. State of Wisconsin Investment Board boosted its holdings in CA by 573.9% in the third quarter. State of Wisconsin Investment Board now owns 272,483 shares of the technology company’s stock valued at $9,095,000 after acquiring an additional 232,051 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its holdings in CA by 146.9% in the third quarter. State of Tennessee Treasury Department now owns 211,593 shares of the technology company’s stock valued at $7,063,000 after acquiring an additional 125,886 shares during the last quarter. Institutional investors own 68.01% of the company’s stock.
Several equities analysts recently issued reports on the company. BidaskClub upgraded CA from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Argus reiterated a “buy” rating and issued a $33.70 price target (down previously from $40.00) on shares of CA in a report on Wednesday, February 7th. Evercore ISI reissued a “sell” rating and issued a $36.00 target price on shares of CA in a research note on Friday, February 2nd. Zacks Investment Research raised CA from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, February 2nd. Finally, Jefferies Group reissued a “buy” rating and issued a $41.00 target price on shares of CA in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $34.23.
CA (NASDAQ:CA) last released its earnings results on Tuesday, January 30th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.20. CA had a return on equity of 16.52% and a net margin of 10.23%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. equities research analysts expect that CA, Inc. will post 2.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, February 21st. CA’s dividend payout ratio is currently 57.30%.
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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