State Street Corp raised its position in shares of CA, Inc. (NASDAQ:CA) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,297,516 shares of the technology company’s stock after buying an additional 343,822 shares during the period. State Street Corp owned approximately 3.66% of CA worth $485,238,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in CA. Vanguard Group Inc. increased its stake 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. Bank of New York Mellon Corp increased its stake in CA by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 24,311,915 shares of the technology company’s stock valued at $771,175,000 after buying an additional 546,030 shares during the last quarter. Macquarie Group Ltd. increased its stake in CA by 4.6% in the fourth quarter. Macquarie Group Ltd. now owns 23,245,474 shares of the technology company’s stock valued at $738,510,000 after buying an additional 1,029,064 shares during the last quarter. BlackRock Inc. increased its stake in CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock valued at $657,139,000 after buying an additional 19,979,935 shares during the last quarter. Finally, Bank of America Corp DE increased its stake 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. 71.69% of the stock is owned by hedge funds and other institutional investors.
CA, Inc. (NASDAQ:CA) traded down 1.70% during midday trading on Thursday, hitting $35.19. The stock had a trading volume of 5,369,100 shares. The stock has a 50-day moving average price of $31.93 and a 200 day moving average price of $32.09. CA, Inc. has a one year low of $30.01 and a one year high of $35.82. The firm has a market cap of $14.70 billion, a PE ratio of 19.02 and a beta of 0.92.
CA (NASDAQ:CA) last announced its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.59 million. CA had a return on equity of 11.04% and a net margin of 15.51%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. On average, analysts predict that CA, Inc. will post $2.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.85%. The ex-dividend date was Tuesday, May 23rd. CA’s payout ratio is currently 55.14%.
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Several equities research analysts have recently weighed in on the company. Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a report on Thursday. 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. Evercore ISI downgraded CA from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. FIG Partners raised CA to an “outperform” rating and increased their price objective for the company from $40.00 to $42.25 in a report on Wednesday, May 3rd. Finally, DA Davidson downgraded CA from a “buy” rating to a “neutral” rating in a report on Monday, April 10th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $35.25.
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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