CA, Inc. (NYSE:CA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “CA is a leading information technology (IT) management software company founded in 1974 and headquartered in Islandia, NY. CA’s strategy of expanding the cloud business through acquisitions is impressive. The wide range of products should attract customers across sectors, lending stability to the business model. On the cost front, CA’s “go to market” sales strategy integrates the commercial functions of sales, marketing, brand management, pricing and consumer insight, which helps it lower costs and boost its bottom line. A modest cash position and regular share repurchase are also encouraging. However, intensifying competition, an uncertain economic environment, currency headwinds and the weak IT spending forecast by Gartner are concerns.”

Several other equities research analysts have also recently issued reports on CA. Jefferies Group lifted their price objective on shares of CA from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Citigroup Inc. lifted their price objective on shares of CA from $32.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $35.00 price objective on shares of CA in a research report on Thursday, November 17th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $34.00 price objective on shares of CA in a research report on Monday, August 29th. Finally, Hovde Group raised shares of CA from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $24.75 to $26.00 in a research report on Saturday, October 8th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. CA currently has a consensus rating of “Hold” and an average target price of $33.75.

Analyst Recommendations for CA (NYSE:CA)

Shares of CA (NYSE:CA) traded up 0.54% during midday trading on Wednesday, reaching $31.65. The company’s stock had a trading volume of 806,003 shares. CA has a 52 week low of $25.18 and a 52 week high of $34.99. The company has a 50 day moving average of $31.88 and a 200-day moving average of $32.78. The stock has a market capitalization of $13.22 billion and a price-to-earnings ratio of 16.50.

CA (NYSE:CA) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.05. The business earned $1.02 billion during the quarter, compared to analyst estimates of $1,000 million. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. Equities research analysts predict that CA will post $2.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Thursday, November 17th will be given a $0.255 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $1.02 dividend on an annualized basis and a yield of 3.23%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advantus Capital Management Inc raised its position in CA by 0.4% in the second quarter. Advantus Capital Management Inc now owns 28,570 shares of the company’s stock worth $938,000 after buying an additional 110 shares in the last quarter. Ropes Wealth Advisors LLC raised its position in CA by 0.5% in the third quarter. Ropes Wealth Advisors LLC now owns 22,080 shares of the company’s stock worth $730,000 after buying an additional 120 shares in the last quarter. Tdam USA Inc. raised its position in CA by 2.4% in the third quarter. Tdam USA Inc. now owns 6,595 shares of the company’s stock worth $218,000 after buying an additional 156 shares in the last quarter. Calvert Investment Management Inc. raised its position in CA by 1.0% in the second quarter. Calvert Investment Management Inc. now owns 17,316 shares of the company’s stock worth $568,000 after buying an additional 164 shares in the last quarter. Finally, TradeLink Capital LLC raised its position in CA by 1.7% in the second quarter. TradeLink Capital LLC now owns 10,434 shares of the company’s stock worth $343,000 after buying an additional 175 shares in the last quarter.

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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.

5 Day Chart for NYSE:CA

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