CA Inc. (CA) Rating Increased to Buy at ValuEngine

CA Inc. (NASDAQ:CA) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other research analysts also recently commented on CA. Citigroup Inc. restated a “neutral” rating and set a $34.00 price objective (up from $33.00) on shares of CA in a report on Sunday, May 14th. BidaskClub upgraded CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 price target (up from $35.00) on shares of CA in a report on Wednesday, August 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price target on shares of CA in a report on Sunday, May 14th. Finally, Mizuho reiterated a “hold” rating and issued a $34.00 price target on shares of CA in a report on Friday, July 28th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.88.

Shares of CA (CA) traded up 0.75% during midday trading on Monday, reaching $33.41. The company had a trading volume of 1,392,777 shares. CA has a 1-year low of $30.01 and a 1-year high of $36.54. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of 18.56 and a beta of 0.82. The firm’s 50 day moving average price is $32.55 and its 200-day moving average price is $32.58.

CA (NASDAQ:CA) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.55 by $0.06. The company had revenue of $1.03 billion for 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%. CA’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. Equities research analysts expect that CA will post $2.46 EPS for the current fiscal year.

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In other CA news, insider Adam Elster sold 166,621 shares of CA 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 approximately $8,108,744.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ayman Sayed sold 12,920 shares of CA stock in a transaction dated Friday, August 11th. The stock was 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. Over the last 90 days, insiders have sold 228,666 shares of company stock worth $7,481,319. 0.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cleararc Capital Inc. lifted its holdings in shares of CA by 0.4% in the 1st 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 period. Hefty Wealth Partners lifted its holdings in shares of CA by 0.6% in the 2nd 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 period. Advisor Partners LLC lifted its holdings in shares of CA by 0.9% in the 2nd 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 period. U S Global Investors Inc lifted its holdings in shares of CA by 0.6% in the 1st 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 period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of CA by 0.5% in the 2nd 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 period. 67.51% of the stock is owned by institutional investors.

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.

Analyst Recommendations for CA (NASDAQ:CA)

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