Chevy Chase Trust Holdings Inc. Acquires 9,516 Shares of CA, Inc. (CA)
Chevy Chase Trust Holdings Inc. raised its position in CA, Inc. (NYSE:CA) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,115 shares of the company’s stock after buying an additional 9,516 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.06% of CA worth $8,737,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of CA. Pinkerton Retirement Specialists LLC purchased a new position in shares of CA during the second quarter worth $117,000. Mizuho Asset Management Co. Ltd. increased its position in shares of CA by 69.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,208 shares of the company’s stock worth $138,000 after buying an additional 1,731 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in shares of CA during the third quarter worth $204,000. Choate Investment Advisors purchased a new position in shares of CA during the second quarter worth $223,000. Finally, Argent Trust Co purchased a new position in shares of CA during the second quarter worth $224,000.
CA, Inc. (NYSE:CA) traded up 0.57% during trading on Monday, reaching $31.96. The company’s stock had a trading volume of 1,888,138 shares. The company has a 50-day moving average of $31.76 and a 200 day moving average of $32.79. The firm has a market cap of $13.35 billion and a PE ratio of 16.66. CA, Inc. has a one year low of $25.18 and a one year high of $34.99.
CA (NYSE:CA) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. The company earned $1.02 billion during the quarter, compared to analysts’ expectations of $1,000 million. CA’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $0.56 earnings per share. Analysts expect that CA, Inc. will post $2.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, November 17th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.02 dividend on an annualized basis and a yield of 3.19%.
Several brokerages have recently commented on CA. Zacks Investment Research downgraded CA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. Hovde Group upgraded CA from a “market perform” rating to an “outperform” rating and raised their target price for the company from $24.75 to $26.00 in a research note on Saturday, October 8th. Credit Suisse Group AG restated a “hold” rating and issued a $34.00 target price on shares of CA in a research note on Monday, August 29th. JPMorgan Chase & Co. restated a “hold” rating and issued a $35.00 target price on shares of CA in a research note on Thursday, November 17th. Finally, Jefferies Group restated a “buy” rating and issued a $38.00 target price on shares of CA in a research note on Thursday, November 17th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.75.
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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