CA, Inc. (CA) Upgraded to Outperform at FIG Partners
FIG Partners upgraded shares of CA, Inc. (NASDAQ:CA) to an outperform rating in a research report sent to investors on Wednesday, May 3rd. They currently have $42.25 target price on the technology company’s stock, up from their previous target price of $40.00.
A number of other equities analysts also recently commented on the company. Wells Fargo & Co initiated coverage on CA in a research report on Wednesday, January 11th. They set an underperform rating for the company. Zacks Investment Research downgraded CA from a hold rating to a sell rating in a research report on Thursday, January 12th. Jefferies Group LLC restated a buy rating and set a $38.00 target price on shares of CA in a research note on Wednesday, January 18th. Piper Jaffray Companies restated an overweight rating and set a $42.00 price target on shares of CA in a research note on Thursday, January 19th. Finally, Barclays PLC dropped their price objective on CA from $36.00 to $35.00 and set an equal weight rating on the stock in a report on Wednesday, January 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $37.19.
CA (NASDAQ:CA) traded up 0.8528% during trading on Wednesday, hitting $31.3047. 917,872 shares of the stock traded hands. The stock has a market cap of $13.08 billion, a P/E ratio of 16.9215 and a beta of 0.92. The stock has a 50 day moving average price of $32.06 and a 200-day moving average price of $32.01. CA has a 52-week low of $30.01 and a 52-week high of $34.99.
CA (NASDAQ:CA) last announced its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. CA had a return on equity of 17.98% and a net margin of 19.64%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. On average, analysts anticipate that CA will post $2.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Tuesday, May 23rd. CA’s dividend payout ratio (DPR) is presently 53.97%.
Several institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC purchased a new stake in shares of CA during the fourth quarter valued at about $100,000. Acrospire Investment Management LLC increased its stake in shares of CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares during the period. Hefty Wealth Partners increased its stake in shares of CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock valued at $167,000 after buying an additional 5,182 shares during the period. Tompkins Financial Corp increased its stake in shares of CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock valued at $165,000 after buying an additional 4,022 shares during the period. Finally, Penserra Capital Management LLC increased its stake in shares of CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock valued at $179,000 after buying an additional 492 shares during the period. Institutional investors own 68.63% of the company’s stock.
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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