Quantitative Investment Management LLC acquired a new position in CA Inc. (NASDAQ:CA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 280,000 shares of the technology company’s stock, valued at approximately $9,651,000. Quantitative Investment Management LLC owned approximately 0.07% of CA as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fort Pitt Capital Group LLC increased its holdings in CA by 0.6% in the 1st quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after buying an additional 6,328 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in CA by 11.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after buying an additional 2,691,791 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in CA by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after buying an additional 100 shares in the last quarter. TLP Group LLC bought a new stake in CA in the 1st quarter worth about $381,000. Finally, Highland Capital Management LLC bought a new stake in CA in the 2nd quarter worth about $202,000. Institutional investors own 67.51% of the company’s stock.
CA Inc. (CA) opened at 32.36 on Friday. CA Inc. has a 12-month low of $30.01 and a 12-month high of $36.54. The stock has a market capitalization of $13.63 billion, a PE ratio of 17.98 and a beta of 0.82. The company has a 50-day moving average price of $32.62 and a 200-day moving average price of $32.62.
CA (NASDAQ:CA) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 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 company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned $0.64 earnings per share. CA’s quarterly revenue was up 2.6% compared to the same quarter last year. Analysts expect that CA Inc. will post $2.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, August 22nd. CA’s payout ratio is currently 56.67%.
CA has been the subject of a number of recent research reports. Barclays PLC restated an “equal weight” rating and set a $36.00 price target (up from $35.00) on shares of CA in a research note on Thursday, August 3rd. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating and set a $38.00 price target for the company in a research note on Tuesday, July 11th. ValuEngine upgraded CA from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. BidaskClub upgraded CA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC restated a “buy” rating and set a $38.00 price target on shares of CA in a research note on Wednesday, June 21st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. CA presently has a consensus rating of “Hold” and a consensus target price of $34.88.
In other news, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 251,356 shares in the company, valued at $8,108,744.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ayman Sayed sold 12,920 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $32.19, for a total value of $415,894.80. Following the completion of the transaction, the insider now owns 114,422 shares in the company, valued at approximately $3,683,244.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 286,056 shares of company stock worth $9,330,507. 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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