First National Bank of Mount Dora Trust Investment Services reduced its position in shares of CA, Inc. (NASDAQ:CA) by 44.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,263 shares of the technology company’s stock after selling 27,900 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in CA were worth $1,181,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. 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. Bank of New York Mellon Corp increased its position 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 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 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 position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 70.63% of the company’s stock.
CA, Inc. (NASDAQ CA) traded up 0.12% during midday trading on Friday, hitting $34.48. The company had a trading volume of 1,341,090 shares. CA, Inc. has a 52 week low of $30.01 and a 52 week high of $36.54. The company has a market capitalization of $14.41 billion, a P/E ratio of 18.64 and a beta of 0.87. The stock has a 50 day moving average price of $32.41 and a 200 day moving average price of $32.25.
CA (NASDAQ:CA) last issued its earnings results on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. CA had a net margin of 15.51% and a return on equity of 11.04%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.59 million. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts forecast that CA, Inc. will post $2.38 earnings per share for the current fiscal year.
Several brokerages have commented on CA. Piper Jaffray Companies raised their target price on CA from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Raymond James Financial, Inc. raised CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Monday, May 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of CA in a report on Thursday, June 1st. Zacks Investment Research cut CA from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Finally, Citigroup Inc. reissued a “neutral” rating and set a $34.00 price objective (up from $33.00) on shares of CA in a report on Sunday, May 14th. Four 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 company currently has a consensus rating of “Hold” and a consensus price target of $35.10.
In other news, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total value of $1,075,510.28. Following the transaction, the insider now owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.
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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