CA Inc. (CA) Shares Bought by Nippon Life Insurance Co.

Nippon Life Insurance Co. raised its stake in CA Inc. (NASDAQ:CA) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,380 shares of the technology company’s stock after buying an additional 2,979 shares during the period. Nippon Life Insurance Co.’s holdings in CA were worth $1,185,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CA. Cleararc Capital Inc. boosted its stake in shares of CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock valued at $243,000 after buying an additional 32 shares during the last quarter. Hefty Wealth Partners boosted its stake in shares of CA by 0.6% in the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock valued at $183,000 after buying an additional 32 shares during the last quarter. Advisor Partners LLC boosted its stake in shares of CA by 0.9% in the second quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock valued at $253,000 after buying an additional 64 shares during the last quarter. U S Global Investors Inc boosted its stake in shares of CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock valued at $492,000 after buying an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of CA by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock valued at $669,000 after buying an additional 100 shares during the last quarter. 71.09% of the stock is owned by institutional investors and hedge funds.

CA Inc. (NASDAQ CA) opened at 32.56 on Tuesday. The stock has a 50 day moving average price of $33.16 and a 200 day moving average price of $32.48. CA Inc. has a 52 week low of $30.01 and a 52 week high of $36.54. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 18.09 and a beta of 0.86.

CA (NASDAQ:CA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 earnings per share. Equities research analysts expect that CA Inc. will post $2.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.

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Several analysts recently commented on the company. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Sanford C. Bernstein reiterated an “underperform” rating and set a $28.00 price target on shares of CA in a research report on Wednesday, June 28th. Citigroup Inc. boosted their price target on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, BidaskClub cut CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. CA presently has an average rating of “Hold” and a consensus target price of $34.88.

In other CA news, insider Adam Elster sold 166,621 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ayman Sayed sold 12,920 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $32.19, for a total value of $415,894.80. Following the sale, the insider now directly owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 228,666 shares of company stock valued at $7,481,319. Company 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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Institutional Ownership by Quarter for CA (NASDAQ:CA)

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