LS Investment Advisors LLC Raises Stake in CA Inc. (CA)

LS Investment Advisors LLC boosted its stake in shares of CA Inc. (NASDAQ:CA) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,567 shares of the technology company’s stock after buying an additional 913 shares during the period. LS Investment Advisors LLC’s holdings in CA were worth $674,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Park National Corp OH raised its stake in CA by 0.3% in the first quarter. Park National Corp OH now owns 8,885 shares of the technology company’s stock worth $282,000 after buying an additional 28 shares during the last quarter. Cleararc Capital Inc. increased its position in CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock worth $243,000 after buying an additional 32 shares during the period. Hefty Wealth Partners increased its position in CA by 0.6% in the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock worth $183,000 after buying an additional 32 shares during the period. Alpha Windward LLC increased its position in CA by 0.7% in the first quarter. Alpha Windward LLC now owns 9,280 shares of the technology company’s stock worth $294,000 after buying an additional 61 shares during the last quarter. Finally, U S Global Investors Inc increased its position in CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock worth $492,000 after buying an additional 100 shares during the last quarter. 71.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of CA Inc. (CA) traded down 0.03% during mid-day trading on Friday, hitting $32.37. The stock had a trading volume of 2,864,650 shares. The stock’s 50-day moving average is $33.21 and its 200-day moving average is $32.45. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54. The firm has a market capitalization of $13.64 billion, a PE ratio of 17.98 and a beta of 0.86.

CA (NASDAQ:CA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts expect that CA Inc. will post $2.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 24th will be paid a dividend of $0.255 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.15%. CA’s payout ratio is 56.67%.

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A number of research firms have recently issued reports on CA. Citigroup Inc. restated a “neutral” rating and issued a $34.00 price target (up from $33.00) on shares of CA in a research report on Sunday, May 14th. BidaskClub raised shares of CA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Barclays PLC reissued an “equal weight” rating and set a $36.00 target price (up previously from $35.00) on shares of CA in a research note on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and set a $38.00 target price on shares of CA in a research note on Friday, April 28th. Finally, Mizuho reaffirmed a “hold” rating and issued a $34.00 price objective on shares of CA in a research note on Friday, July 28th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. CA has a consensus rating of “Hold” and an average target price of $35.09.

In related news, insider Ayman Sayed sold 12,920 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $32.19, for a total transaction of $415,894.80. Following the completion of the sale, the insider now directly owns 114,422 shares in the company, valued at approximately $3,683,244.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Elster sold 166,621 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $32.26, for a total value of $5,375,193.46. Following the sale, the insider now owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 228,666 shares of company stock worth $7,481,319. 0.90% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

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