Public Employees Retirement Association of Colorado raised its stake in shares of CA Inc. (NASDAQ:CA) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 55,384 shares of the technology company’s stock after buying an additional 664 shares during the period. Public Employees Retirement Association of Colorado’s holdings in CA were worth $1,909,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of CA. Parallel Advisors LLC increased its position 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 during the last quarter. Acrospire Investment Management LLC increased its position 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 during the last quarter. CENTRAL TRUST Co increased its position 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 during the last quarter. Tompkins Financial Corp increased its position 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 during the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock valued at $179,000 after buying an additional 492 shares during the last quarter. Hedge funds and other institutional investors own 70.49% of the company’s stock.
Shares of CA Inc. (CA) opened at 32.05 on Friday. The company has a 50-day moving average price of $33.62 and a 200-day moving average price of $32.42. CA Inc. has a 12-month low of $30.01 and a 12-month high of $36.54. The company has a market cap of $13.50 billion, a P/E ratio of 17.81 and a beta of 0.86.
CA (NASDAQ:CA) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. CA’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS. On average, analysts predict that CA Inc. will post $2.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 24th will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.18%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
CA has been the subject of a number of recent research reports. Citigroup Inc. restated a “neutral” rating and set a $34.00 target price (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. Zacks Investment Research downgraded CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. DA Davidson restated a “neutral” rating and set a $12.00 target price on shares of CA in a research report on Friday, May 19th. BidaskClub downgraded CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. CA currently has a consensus rating of “Hold” and an average price target of $35.09.
In related news, insider Adam Elster sold 166,621 shares of the firm’s 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 directly owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was 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 of the company’s stock, valued at $6,000,367.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 197,489 shares of company stock valued at $6,472,070. 0.90% of the stock is owned by corporate insiders.
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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