Caxton Associates LP Purchases Shares of 18,700 CA Inc. (CA)
Caxton Associates LP purchased a new position in shares of CA Inc. (NASDAQ:CA) during the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 18,700 shares of the technology company’s stock, valued at approximately $593,000.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock valued at $834,606,000 after buying an additional 5,729,276 shares during the period. Bank of New York Mellon Corp boosted its position in shares of CA by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 24,311,915 shares of the technology company’s stock valued at $771,175,000 after buying an additional 546,030 shares during the period. Macquarie Group Ltd. boosted its position in shares of CA by 4.6% in the fourth quarter. Macquarie Group Ltd. now owns 23,245,474 shares of the technology company’s stock valued at $738,510,000 after buying an additional 1,029,064 shares during the period. BlackRock Inc. boosted its position in shares of CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock valued at $657,139,000 after buying an additional 19,979,935 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of CA by 1.0% in the first quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock valued at $498,611,000 after buying an additional 154,092 shares during the period. 71.69% of the stock is currently owned by hedge funds and other institutional investors.
CA Inc. (NASDAQ CA) traded up 0.17% during midday trading on Monday, reaching $35.04. 466,004 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $31.93 and its 200 day moving average is $32.09. CA Inc. has a 52 week low of $30.01 and a 52 week high of $35.27. The firm has a market capitalization of $14.64 billion, a price-to-earnings ratio of 18.94 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 EPS for the quarter, beating 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 firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. During the same period in the prior year, the company earned $0.60 EPS. The firm’s revenue was up .3% compared to the same quarter last year. On average, equities analysts anticipate that CA Inc. will post $2.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.92%. The ex-dividend date was Tuesday, May 23rd. CA’s dividend payout ratio is currently 55.14%.
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Several equities analysts have recently weighed in on the stock. Piper Jaffray Companies increased their price objective on shares of CA from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note 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 on the stock in a research note on Monday, May 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of CA in a research note on Thursday, June 1st. Citigroup Inc. reiterated a “neutral” rating and issued a $34.00 price objective (up previously from $33.00) on shares of CA in a research note on Sunday, May 14th. Finally, Zacks Investment Research cut shares of CA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The company 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 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 completion of the transaction, the insider now directly owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.
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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