CA Inc. (NASDAQ:CA) Upgraded to “Sell” by BidaskClub

BidaskClub upgraded shares of CA Inc. (NASDAQ:CA) from a strong sell rating to a sell rating in a report released on Wednesday, August 9th.

Other equities analysts have also issued reports about the company. Citigroup Inc. reaffirmed a neutral rating and set a $34.00 target price (up from $33.00) on shares of CA in a research report on Sunday, May 14th. Zacks Investment Research lowered CA from a hold rating to a sell rating in a research report on Tuesday, May 16th. DA Davidson reaffirmed a neutral rating and set a $12.00 target price on shares of CA in a research report on Friday, May 19th. Raymond James Financial, Inc. reaffirmed a market perform rating on shares of CA in a research report on Thursday, June 22nd. Finally, Sanford C. Bernstein reaffirmed an underperform rating and set a $28.00 target price on shares of CA in a research report on Wednesday, June 28th. 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 stock. CA presently has an average rating of Hold and an average target price of $35.09.

CA (CA) opened at 32.37 on Wednesday. The stock has a market capitalization of $13.64 billion, a P/E ratio of 17.98 and a beta of 0.86. The company’s 50-day moving average is $33.21 and its 200-day moving average is $32.45. CA has a 12 month low of $30.01 and a 12 month high of $36.54.

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

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

In other news, insider Adam Elster sold 166,621 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the transaction, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ayman Sayed sold 18,694 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $32.47, for a total value of $606,994.18. Following the transaction, the insider now owns 120,196 shares of the company’s stock, valued at approximately $3,902,764.12. The disclosure for this sale can be found here. Insiders sold a total of 228,666 shares of company stock valued at $7,481,319 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CA. Fort Pitt Capital Group LLC boosted its stake in CA by 0.6% in the first quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock valued at $31,155,000 after buying an additional 6,328 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in CA by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock valued at $669,000 after buying an additional 100 shares during the last quarter. TLP Group LLC acquired a new stake in CA during the first quarter valued at $381,000. Highland Capital Management LLC acquired a new stake in CA during the second quarter valued at $202,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in CA by 24.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,590 shares of the technology company’s stock valued at $2,493,000 after buying an additional 15,365 shares during the last quarter. Institutional investors and hedge funds own 71.09% of the company’s stock.

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.

Analyst Recommendations for CA (NASDAQ:CA)

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