CA Inc. (NASDAQ:CA) has been assigned a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $34.27.
CA has been the subject of several research analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price objective on shares of CA in a report on Friday, April 28th. Barclays PLC reissued an “equal weight” rating and issued a $36.00 price objective (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 for the company in a report on Tuesday, July 11th. Mizuho reaffirmed a “hold” rating and set a $34.00 target price on shares of CA in a report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of CA in a report on Friday, May 12th.
In other news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the completion of the transaction, the insider now directly owns 168,455 shares in the company, valued at $6,000,367.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,489 shares of company stock worth $6,472,070. Company insiders own 0.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in CA by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock valued at $930,816,000 after buying an additional 2,691,791 shares during the last quarter. Vanguard Group Inc. increased its position in CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock valued at $834,606,000 after buying an additional 5,729,276 shares during the last quarter. Macquarie Group Ltd. increased its position in CA by 2.1% in the first quarter. Macquarie Group Ltd. now owns 23,725,398 shares of the technology company’s stock valued at $752,570,000 after buying an additional 479,924 shares during the last quarter. BlackRock Inc. increased its position in CA by 1.5% in the second quarter. BlackRock Inc. now owns 21,017,338 shares of the technology company’s stock valued at $724,466,000 after buying an additional 300,439 shares during the last quarter. Finally, Bank of America Corp DE increased its position in CA by 1.0% in the first quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock valued at $498,611,000 after buying an additional 154,092 shares during the last quarter. 70.49% of the stock is currently owned by hedge funds and other institutional investors.
CA (NASDAQ:CA) opened at 32.05 on Monday. CA has a 12-month low of $30.01 and a 12-month high of $36.54. The stock has a 50 day moving average price of $33.62 and a 200-day moving average price of $32.42. The stock has a market cap of $13.50 billion, a P/E ratio of 17.81 and a beta of 0.86.
CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts expect that CA will post $2.45 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders 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 yield of 3.18%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is currently 56.67%.
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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