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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Fort Pitt Capital Group LLC increased its position in shares of 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. TLP Group LLC acquired a new position in shares of CA during the first quarter valued at $381,000. Cambridge Investment Research Advisors Inc. increased its position in shares of 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. Victory Capital Management Inc. increased its position in CA by 36.4% in the first quarter. Victory Capital Management Inc. now owns 222,795 shares of the technology company’s stock valued at $7,067,000 after buying an additional 59,398 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in CA by 30.8% in the first quarter. Pacer Advisors Inc. now owns 14,114 shares of the technology company’s stock valued at $448,000 after buying an additional 3,324 shares in the last quarter. Hedge funds and other institutional investors own 70.74% of the company’s stock.
Shares of CA Inc. (NASDAQ:CA) traded down 0.35% on Monday, reaching $34.30. The company had a trading volume of 225,539 shares. The firm has a market capitalization of $14.33 billion, a PE ratio of 18.54 and a beta of 0.87. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54. The company has a 50-day moving average price of $33.50 and a 200-day moving average price of $32.46.
CA (NASDAQ:CA) last released its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The business 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 17.15% and a net margin of 19.20%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. Equities research analysts forecast that CA Inc. will post $2.38 EPS for the current fiscal year.
A number of brokerages have issued reports on CA. Zacks Investment Research downgraded CA from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub cut CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Sanford C. Bernstein reiterated an “underperform” rating and set a $28.00 price target on shares of CA in a report on Wednesday, June 28th. Citigroup Inc. raised their target price on CA from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, June 28th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. CA has an average rating of “Hold” and an average target price of $35.10.
In other CA news, insider Ayman Sayed sold 30,194 shares of CA stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the completion of the sale, the insider now owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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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