CA Inc. (CA) Position Held by Searle & CO.
Searle & CO. maintained its stake in shares of CA Inc. (NASDAQ:CA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,846 shares of the technology company’s stock at the end of the second quarter. Searle & CO.’s holdings in CA were worth $443,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Country Club Trust Company n.a. boosted its position in shares of CA by 1.8% in the first quarter. Country Club Trust Company n.a. now owns 300,164 shares of the technology company’s stock worth $9,521,000 after buying an additional 5,361 shares during the period. First National Bank of Mount Dora Trust Investment Services boosted its position in shares of CA by 18.2% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 62,163 shares of the technology company’s stock worth $1,972,000 after buying an additional 9,575 shares during the period. Creative Planning boosted its position in shares of CA by 43.9% in the first quarter. Creative Planning now owns 5,989 shares of the technology company’s stock worth $190,000 after buying an additional 1,828 shares during the period. Hefty Wealth Partners boosted its position 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 worth $167,000 after buying an additional 5,182 shares during the period. Finally, Manning & Napier Advisors LLC boosted its position in shares of CA by 9.6% in the first quarter. Manning & Napier Advisors LLC now owns 81,859 shares of the technology company’s stock worth $2,595,000 after buying an additional 7,188 shares during the period. Hedge funds and other institutional investors own 70.62% of the company’s stock.
Shares of CA Inc. (NASDAQ CA) traded down 0.0286% on Thursday, hitting $34.5801. 408,442 shares of the stock were exchanged. The company has a market cap of $14.45 billion, a P/E ratio of 18.6919 and a beta of 0.87. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The firm’s 50-day moving average is $33.41 and its 200-day moving average is $32.45.
CA (NASDAQ:CA) last released its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $996.59 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. On average, equities analysts forecast that CA Inc. will post $2.38 EPS for the current fiscal year.
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A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of CA from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub cut shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $28.00 target price on shares of CA in a report on Wednesday, June 28th. Citigroup Inc. increased their target price on shares of CA from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, June 28th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $35.10.
In other news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 168,455 shares in the company, valued at $6,000,367.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is owned by insiders.
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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