Regentatlantic Capital LLC lowered its position in CA Inc. (NASDAQ:CA) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 320,534 shares of the technology company’s stock after selling 7,111 shares during the period. CA makes up approximately 1.0% of Regentatlantic Capital LLC’s investment portfolio, making the stock its 26th largest position. Regentatlantic Capital LLC’s holdings in CA were worth $11,049,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after buying an additional 107 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after buying an additional 319 shares in the last quarter. Hefty Wealth Partners raised its stake in shares of CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock valued at $167,000 after buying an additional 5,182 shares in the last quarter. Finally, Tompkins Financial Corp raised its stake in shares of CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock valued at $165,000 after buying an additional 4,022 shares in the last quarter. Institutional investors own 70.74% of the company’s stock.
Shares of CA Inc. (NASDAQ:CA) opened at 34.65 on Thursday. The firm’s 50-day moving average price is $33.80 and its 200 day moving average price is $32.52. The firm has a market capitalization of $14.48 billion, a P/E ratio of 18.73 and a beta of 0.87. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54.
CA (NASDAQ:CA) last posted its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. CA had a net margin of 19.20% and a return on equity of 17.15%. CA’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. Analysts anticipate that CA Inc. will post $2.38 earnings per share for the current fiscal year.
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Several analysts have recently commented on the company. Citigroup Inc. reiterated a “neutral” rating and set a $34.00 price objective (up previously from $33.00) on shares of CA in a report on Sunday, May 14th. Zacks Investment Research lowered CA from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. DA Davidson reiterated a “neutral” rating and set a $12.00 price objective on shares of CA in a report on Friday, May 19th. BidaskClub lowered CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Four 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 company. The company has a consensus rating of “Hold” and a consensus price target 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 value of $1,075,510.28. Following the transaction, the insider now directly owns 168,455 shares in the company, valued at $6,000,367.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.90% 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.
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