M&T Bank Corp raised its position in shares of CA, Inc. (NASDAQ:CA) by 3.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 740,408 shares of the technology company’s stock after buying an additional 22,308 shares during the period. M&T Bank Corp owned 0.18% of CA worth $23,485,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Park National Corp OH boosted its position in shares of CA by 0.3% in the first quarter. Park National Corp OH now owns 8,885 shares of the technology company’s stock worth $282,000 after buying an additional 28 shares during the period. Alpha Windward LLC boosted its position in shares of CA by 0.7% in the first quarter. Alpha Windward LLC now owns 9,280 shares of the technology company’s stock worth $294,000 after buying an additional 61 shares during the period. Palo Capital Inc. boosted its position in shares of CA by 0.8% in the first quarter. Palo Capital Inc. now owns 23,273 shares of the technology company’s stock worth $738,000 after buying an additional 187 shares during the period. First Midwest Bank Trust Division boosted its position in shares of CA by 1.9% in the first quarter. First Midwest Bank Trust Division now owns 15,791 shares of the technology company’s stock worth $501,000 after buying an additional 300 shares during the period. Finally, Loudon Investment Management LLC boosted its position in shares of CA by 3.5% in the first quarter. Loudon Investment Management LLC now owns 10,457 shares of the technology company’s stock worth $332,000 after buying an additional 350 shares during the period. 68.63% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

CA, Inc. (NASDAQ:CA) traded down 0.28% during mid-day trading on Monday, reaching $31.82. 1,187,514 shares of the company were exchanged. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 17.20 and a beta of 0.92. The stock’s 50-day moving average price is $32.06 and its 200-day moving average price is $32.04. CA, Inc. has a 1-year low of $30.01 and a 1-year high of $34.99.

CA (NASDAQ:CA) last released its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. CA had a return on equity of 17.98% and a net margin of 19.64%. CA’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. On average, equities research analysts anticipate that CA, Inc. 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 given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Tuesday, May 23rd. CA’s dividend payout ratio is currently 53.97%.

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A number of brokerages recently issued reports on CA. Piper Jaffray Companies lifted their price target on shares of CA from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Raymond James Financial, Inc. upgraded shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Monday, May 8th. Jefferies Group LLC restated a “buy” rating and set a $38.00 price objective on shares of CA in a research note on Sunday, May 14th. Citigroup Inc restated a “neutral” rating and set a $34.00 price objective (up from $33.00) on shares of CA in a research note on Sunday, May 14th. Finally, Zacks Investment Research lowered shares of CA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average 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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