CA Inc. (CA) Position Boosted by Oak Associates Ltd. OH
Oak Associates Ltd. OH increased its position in shares of CA Inc. (NASDAQ:CA) by 62.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 401,352 shares of the technology company’s stock after buying an additional 155,001 shares during the period. CA accounts for 1.0% of Oak Associates Ltd. OH’s holdings, making the stock its 29th largest position. Oak Associates Ltd. OH owned 0.10% of CA worth $12,731,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its position in CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock worth $106,000 after buying an additional 107 shares during the period. Acrospire Investment Management LLC raised its position in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock worth $121,000 after buying an additional 2,800 shares during the period. 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. Institutional investors and hedge funds own 71.69% of the company’s stock.
Shares of CA Inc. (CA) traded up 0.968% on Wednesday, hitting $34.955. The company had a trading volume of 551,695 shares. The firm has a market capitalization of $14.60 billion, a P/E ratio of 18.895 and a beta of 0.92. The firm has a 50 day moving average of $31.93 and a 200-day moving average of $32.09. CA Inc. has a 12-month low of $30.01 and a 12-month high of $35.01.
CA (NASDAQ:CA) last released its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. CA had a return on equity of 17.15% and a net margin of 19.20%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. On average, equities analysts predict that CA Inc. will post $2.38 EPS for the current year.
The business also recently declared 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. This represents a $1.02 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Tuesday, May 23rd. CA’s dividend payout ratio is currently 55.14%.
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Several brokerages recently issued reports on CA. Citigroup Inc. reissued a “neutral” rating and issued a $34.00 price objective (up from $33.00) on shares of CA in a research note on Sunday, May 14th. Zacks Investment Research downgraded CA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. DA Davidson reissued a “neutral” rating and issued a $12.00 price objective on shares of CA in a research note on Friday, May 19th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price objective on shares of CA in a research note on Friday, April 28th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $35.25.
In other CA news, insider Ayman Sayed sold 30,194 shares of the firm’s 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 sale, the insider now owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.
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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