Rhumbline Advisers increased its stake in CA Inc. (NASDAQ:CA) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 704,692 shares of the technology company’s stock after buying an additional 34,858 shares during the period. Rhumbline Advisers’ holdings in CA were worth $24,291,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CA. Vanguard Group Inc. increased its stake in shares of 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 in the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 in the last quarter. Macquarie Group Ltd. increased its stake in shares of 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 in the last quarter. BlackRock Inc. increased its stake in shares of 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 in the last quarter. Finally, Bank of America Corp DE increased its stake 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. 71.09% of the stock is owned by institutional investors.
CA Inc. (NASDAQ CA) opened at 32.50 on Wednesday. The company’s 50-day moving average is $33.40 and its 200 day moving average is $32.44. The firm has a market capitalization of $13.69 billion, a PE ratio of 18.06 and a beta of 0.86. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54.
CA (NASDAQ:CA) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm posted $0.64 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that CA Inc. will post $2.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio is 56.67%.
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A number of research firms recently commented on CA. Raymond James Financial, Inc. upgraded shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Monday, May 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 target price on shares of CA in a report on Thursday, June 1st. Zacks Investment Research downgraded shares of CA from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Citigroup Inc. reiterated a “neutral” rating and issued a $34.00 target price (up from $33.00) on shares of CA in a report on Sunday, May 14th. Finally, Mizuho reiterated a “hold” rating and issued a $34.00 target price on shares of CA in a report on Friday, July 28th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $35.09.
In other news, insider Ayman Sayed sold 30,194 shares of CA stock in a transaction on Wednesday, June 21st. The stock was 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 $6,000,367.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Elster sold 166,621 shares of CA stock in a transaction on Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the sale, the insider now directly owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold a total of 228,429 shares of company stock valued at $7,473,593 in the last ninety days. 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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