Adam Elster Sells 166,621 Shares of CA Inc. (NASDAQ:CA) Stock

CA Inc. (NASDAQ:CA) insider Adam Elster sold 166,621 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the completion of the transaction, the insider now directly owns 251,356 shares in the company, valued at $8,108,744.56. The sale was disclosed in a legal filing with the SEC, which is available through this link.

CA Inc. (CA) traded down 0.03% on Friday, reaching $32.37. 2,864,650 shares of the company traded hands. The company has a market capitalization of $13.64 billion, a PE ratio of 17.98 and a beta of 0.86. The stock has a 50-day moving average of $33.21 and a 200 day moving average of $32.45. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54.

CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 earnings per share. On average, equities analysts forecast that CA Inc. will post $2.46 EPS for the current year.

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

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Several institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its position in shares of CA by 25.3% in the second quarter. Toronto Dominion Bank now owns 106,726 shares of the technology company’s stock worth $3,678,000 after buying an additional 21,532 shares in the last quarter. Oak Associates Ltd. OH increased its position in shares of CA by 6.4% in the second quarter. Oak Associates Ltd. OH now owns 427,023 shares of the technology company’s stock worth $14,719,000 after buying an additional 25,671 shares in the last quarter. WINTON GROUP Ltd increased its position in shares of CA by 56.5% in the second quarter. WINTON GROUP Ltd now owns 804,505 shares of the technology company’s stock worth $27,731,000 after buying an additional 290,447 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of CA by 13.9% in the second quarter. Public Employees Retirement System of Ohio now owns 110,632 shares of the technology company’s stock worth $3,813,000 after buying an additional 13,461 shares in the last quarter. Finally, Koch Industries Inc. increased its position in shares of CA by 2,222.6% in the second quarter. Koch Industries Inc. now owns 361,439 shares of the technology company’s stock worth $351,000 after buying an additional 345,877 shares in the last quarter. 71.09% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on CA shares. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 target price on shares of CA in a report on Sunday, May 14th. FIG Partners raised CA to an “outperform” rating and boosted their target price for the stock from $40.00 to $42.25 in a report on Wednesday, May 3rd. Barclays PLC reissued an “equal weight” rating and issued a $36.00 target price (up from $35.00) on shares of CA in a report on Thursday, August 3rd. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating and set a $38.00 target price on the stock in a report on Tuesday, July 11th. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of CA in a report on Friday, May 12th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. CA currently has a consensus rating of “Hold” and an average target price of $35.09.

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.

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