Shares of CA Inc. (NASDAQ:CA) have earned a consensus recommendation of “Hold” from the twenty-one research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $34.10.
A number of equities research analysts have weighed in on the stock. Mizuho restated a “hold” rating and issued a $34.00 price objective on shares of CA in a report on Friday, July 28th. Zacks Investment Research cut shares of CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a report on Thursday, June 22nd. BidaskClub upgraded shares of CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $34.00 price objective on shares of CA in a report on Tuesday, September 5th.
In related news, EVP Jacob Lamm sold 16,349 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $33.45, for a total transaction of $546,874.05. Following the transaction, the executive vice president now owns 45,483 shares in the company, valued at $1,521,406.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ayman Sayed sold 12,920 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $32.19, for a total transaction of $415,894.80. Following 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. In the last 90 days, insiders have sold 286,056 shares of company stock worth $9,330,507. 0.90% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC raised its position in CA by 2.4% in the second quarter. Teachers Advisors LLC now owns 1,326,972 shares of the technology company’s stock worth $45,741,000 after acquiring an additional 31,368 shares during the period. Fort Pitt Capital Group LLC raised its position in CA by 0.6% in the first quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after acquiring an additional 6,328 shares during the period. Bank of New York Mellon Corp raised its position in CA by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after acquiring an additional 2,691,791 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in CA by 26.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after acquiring an additional 654 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in CA by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after acquiring an additional 100 shares during the period. Institutional investors own 67.51% of the company’s stock.
CA (NASDAQ CA) opened at 33.86 on Friday. The company has a market cap of $14.26 billion, a PE ratio of 18.81 and a beta of 0.83. The company has a 50-day moving average of $33.05 and a 200 day moving average of $32.69. CA has a 12 month low of $30.01 and a 12 month high of $36.54.
CA (NASDAQ:CA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share. On average, equities analysts forecast that CA will post $2.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were given a dividend of $0.255 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.01%. CA’s dividend payout ratio (DPR) is 56.67%.
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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