Ifrah Financial Services Inc. Cuts Position in CA, Inc. (CA)
Ifrah Financial Services Inc. decreased its position in shares of CA, Inc. (NASDAQ:CA) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,069 shares of the technology company’s stock after selling 499 shares during the period. Ifrah Financial Services Inc.’s holdings in CA were worth $383,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mason Street Advisors LLC increased its position in CA by 1.1% in the first quarter. Mason Street Advisors LLC now owns 43,321 shares of the technology company’s stock worth $1,374,000 after buying an additional 452 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in CA by 51.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 38,872 shares of the technology company’s stock worth $1,233,000 after buying an additional 13,262 shares during the last quarter. Hancock Holding Co. bought a new position in CA during the first quarter worth about $2,011,000. 1st Global Advisors Inc. increased its position in CA by 4.7% in the first quarter. 1st Global Advisors Inc. now owns 24,231 shares of the technology company’s stock worth $769,000 after buying an additional 1,095 shares during the last quarter. Finally, Lingohr & Partner Asset Management GmbH increased its position in CA by 122.1% in the first quarter. Lingohr & Partner Asset Management GmbH now owns 45,087 shares of the technology company’s stock valued at $1,430,000 after buying an additional 24,783 shares during the last quarter. Institutional investors own 68.63% of the company’s stock.
Shares of CA, Inc. (NASDAQ:CA) traded down 0.13% during trading on Friday, reaching $31.87. 850,835 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $32.06 and a 200 day moving average price of $32.04. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 17.23 and a beta of 0.92. CA, Inc. has a 12 month low of $30.01 and a 12 month high of $34.99.
CA (NASDAQ:CA) last released its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.98% and a net margin of 19.64%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. During the same period last year, the company posted $0.60 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. On average, analysts forecast that CA, Inc. will post $2.39 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Tuesday, May 23rd. CA’s dividend payout ratio (DPR) is presently 53.97%.
Several research firms have weighed in on CA. Jefferies Group LLC restated a “buy” rating and set a $38.00 price objective on shares of CA in a report on Friday, April 28th. Evercore ISI downgraded shares of CA from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. FIG Partners upgraded shares of CA to an “outperform” rating and increased their target price for the company from $40.00 to $42.25 in a report on Wednesday, May 3rd. Raymond James Financial, Inc. upgraded shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a report on Monday, May 8th. Finally, DA Davidson downgraded shares of CA from a “buy” rating to a “neutral” rating in a report on Monday, April 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. CA has a consensus rating of “Hold” and an average price target of $35.25.
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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