CA Inc. (NASDAQ:CA)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Group LLC in a research note issued to investors on Thursday, June 1st. They presently have a $38.00 price objective on the technology company’s stock. Jefferies Group LLC’s price target points to a potential upside of 8.63% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Piper Jaffray Companies boosted their target price on CA from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Raymond James Financial, Inc. upgraded CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Monday, May 8th. Zacks Investment Research cut CA from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Citigroup Inc. restated a “neutral” rating and issued a $34.00 price target (up previously from $33.00) on shares of CA in a report on Sunday, May 14th. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of CA in a report on Friday, May 12th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.25.

Analyst Recommendations for CA (NASDAQ:CA)

CA (NASDAQ:CA) traded down 0.37% during midday trading on Thursday, hitting $34.98. The company’s stock had a trading volume of 5,111,054 shares. CA has a one year low of $30.01 and a one year high of $35.11. The company’s 50-day moving average is $31.93 and its 200 day moving average is $32.09. The company has a market cap of $14.62 billion, a price-to-earnings ratio of 18.91 and a beta of 0.92.

CA (NASDAQ:CA) last released its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $996.59 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts predict that CA will post $2.39 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were given a $0.255 dividend. 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 currently 55.14%.

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In related news, insider Ayman Sayed sold 30,194 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total value of $1,075,510.28. Following the transaction, the insider now directly owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.79% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC acquired a new stake in shares of CA during the fourth quarter valued at $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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Hedge funds and other institutional investors own 71.69% 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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