Teachers Insurance & Annuity Association of America Has $8,228,000 Stake in CA Inc. (CA)
Teachers Insurance & Annuity Association of America maintained its position in shares of CA Inc. (NASDAQ:CA) during the first quarter, according to its most recent filing with the SEC. The firm owned 259,400 shares of the technology company’s stock at the end of the first quarter. Teachers Insurance & Annuity Association of America owned 0.06% of CA worth $8,228,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock worth $657,139,000 after buying an additional 19,979,935 shares during the last quarter. Vanguard Group Inc. raised its position in CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock worth $834,606,000 after buying an additional 5,729,276 shares during the last quarter. Norges Bank purchased a new position in CA during the fourth quarter worth about $105,650,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in CA during the fourth quarter worth about $45,335,000. Finally, Macquarie Group Ltd. raised its position in CA by 4.6% in the fourth quarter. Macquarie Group Ltd. now owns 23,245,474 shares of the technology company’s stock worth $738,510,000 after buying an additional 1,029,064 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.
CA Inc. (NASDAQ:CA) traded down 0.54% during trading on Friday, hitting $34.92. 2,487,124 shares of the stock were exchanged. CA Inc. has a 52 week low of $30.01 and a 52 week high of $35.11. The firm has a 50-day moving average of $31.93 and a 200-day moving average of $32.09. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 18.88 and a beta of 0.92.
CA (NASDAQ:CA) last posted its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. CA had a net margin of 19.20% and a return on equity of 17.15%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $996.59 million. During the same quarter in the prior year, the business posted $0.60 earnings per share. CA’s revenue was up .3% compared to the same quarter last year. Equities research analysts anticipate that CA Inc. will post $2.39 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.02 annualized dividend and a yield of 2.91%. CA’s dividend payout ratio is 55.14%.
A number of research analysts recently issued reports on CA shares. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 target price on shares of CA in a research note on Thursday, June 1st. DA Davidson reiterated a “neutral” rating and issued a $12.00 target price on shares of CA in a research note on Friday, May 19th. FIG Partners upgraded shares of CA to an “outperform” rating and raised their target price for the company from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of CA in a research note on Friday, May 12th. Finally, Zacks Investment Research downgraded shares of CA from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. CA currently has a consensus rating of “Hold” and an average target price of $35.25.
In related 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 sale, the insider now owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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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