Short Interest in CA Inc. (CA) Declines By 16.3%
CA Inc. (NASDAQ:CA) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 11,768,105 shares, a decline of 16.3% from the June 15th total of 14,058,946 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average trading volume of 5,359,763 shares, the days-to-cover ratio is currently 2.2 days.
A number of analysts recently issued reports on CA shares. Citigroup Inc. lifted their target price on CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, June 28th. BidaskClub downgraded CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Jefferies Group LLC reissued a “buy” rating and set a $38.00 price target on shares of CA in a research report on Thursday, June 1st. DA Davidson reissued a “neutral” rating and set a $12.00 price target on shares of CA in a research report on Friday, May 19th. Finally, FIG Partners raised CA to an “outperform” rating and boosted their price target for the stock from $40.00 to $42.25 in a research report on Wednesday, May 3rd. Four equities research 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 $35.10.
In related news, insider Ayman Sayed sold 30,194 shares of CA stock in a transaction dated 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 $6,000,367.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake 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 last quarter. Bank of New York Mellon Corp raised its stake 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 last quarter. Macquarie Group Ltd. raised its stake in shares of CA by 2.1% in the first quarter. Macquarie Group Ltd. now owns 23,725,398 shares of the technology company’s stock valued at $752,570,000 after buying an additional 479,924 shares during the last quarter. BlackRock Inc. raised its stake 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 last quarter. Finally, Bank of America Corp DE raised its stake 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 last quarter. Institutional investors own 70.62% of the company’s stock.
Shares of CA (NASDAQ CA) opened at 34.59 on Thursday. The stock’s 50 day moving average price is $33.41 and its 200-day moving average price is $32.45. CA has a one year low of $30.01 and a one year high of $36.54. The company has a market cap of $14.45 billion, a PE ratio of 18.70 and a beta of 0.87.
CA (NASDAQ:CA) last issued its quarterly 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 net margin of 19.20% and a return on equity of 17.15%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. During the same quarter last year, the business posted $0.60 EPS. CA’s quarterly revenue was up .3% compared to the same quarter last year. On average, analysts expect that CA will post $2.38 EPS for the current year.
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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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