Mutual of America Capital Management LLC Has $2.14 Million Stake in CA Inc. (CA)
Mutual of America Capital Management LLC reduced its position in shares of CA Inc. (NASDAQ:CA) by 29.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,589 shares of the technology company’s stock after selling 27,921 shares during the period. Mutual of America Capital Management LLC’s holdings in CA were worth $2,144,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Wisconsin Investment Board raised its stake in shares of CA by 28.4% in the first quarter. State of Wisconsin Investment Board now owns 204,842 shares of the technology company’s stock valued at $6,498,000 after buying an additional 45,265 shares during the period. CIBC World Markets Inc. raised its stake in shares of CA by 1.4% in the first quarter. CIBC World Markets Inc. now owns 41,704 shares of the technology company’s stock valued at $1,323,000 after buying an additional 570 shares during the period. Sawtooth Solutions LLC purchased a new stake in shares of CA during the first quarter valued at $253,000. Evanston Investments Inc. dba Evanston Advisors increased its stake in shares of CA by 25.6% in the first quarter. Evanston Investments Inc. dba Evanston Advisors now owns 226,181 shares of the technology company’s stock valued at $7,174,000 after buying an additional 46,123 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of CA by 56.0% in the first quarter. Toronto Dominion Bank now owns 85,194 shares of the technology company’s stock valued at $2,702,000 after buying an additional 30,574 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.
CA Inc. (CA) traded down 0.37% during mid-day trading on Friday, hitting $34.98. The company had a trading volume of 5,111,054 shares. The firm has a market capitalization of $14.62 billion, a PE ratio of 18.91 and a beta of 0.92. The company’s 50 day moving average price is $31.93 and its 200-day moving average price is $32.09. CA Inc. has a 12-month low of $30.01 and a 12-month high of $35.11.
CA (NASDAQ:CA) last posted its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. CA had a net margin of 19.20% and a return on equity of 17.15%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, analysts forecast that CA Inc. will post $2.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Tuesday, May 23rd. CA’s dividend payout ratio (DPR) is 55.14%.
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Several equities research analysts recently issued reports on CA shares. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price objective on shares of CA in a research note on Wednesday. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Evercore ISI lowered CA from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. FIG Partners upgraded CA to an “outperform” rating and increased their target price for the company from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Finally, DA Davidson downgraded CA from a “buy” rating to a “neutral” rating in a research report on Monday, April 10th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $35.25.
In other news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the completion of the transaction, the insider now directly owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.79% of the company’s stock.
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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