Gargoyle Investment Advisor L.L.C. Has $3,274,000 Stake in CA Inc. (CA)
Gargoyle Investment Advisor L.L.C. maintained its position in shares of CA Inc. (NASDAQ:CA) during the second quarter, Holdings Channel reports. The fund owned 94,995 shares of the technology company’s stock at the end of the second quarter. CA accounts for approximately 1.3% of Gargoyle Investment Advisor L.L.C.’s investment portfolio, making the stock its 17th largest position. Gargoyle Investment Advisor L.L.C.’s holdings in CA were worth $3,274,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CA. Cleararc Capital Inc. increased its position in CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock worth $243,000 after buying an additional 32 shares during the period. Hefty Wealth Partners increased its position in CA by 0.6% in the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock worth $183,000 after buying an additional 32 shares during the period. Alpha Windward LLC increased its position in CA by 0.7% in the first quarter. Alpha Windward LLC now owns 9,280 shares of the technology company’s stock worth $294,000 after buying an additional 61 shares during the period. Advisor Partners LLC increased its position in CA by 0.9% in the second quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock worth $253,000 after buying an additional 64 shares during the period. Finally, U S Global Investors Inc increased its position in CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock worth $492,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 70.49% of the company’s stock.
Shares of CA Inc. (CA) opened at 31.99 on Friday. The company’s 50-day moving average price is $33.53 and its 200 day moving average price is $32.42. CA Inc. has a 52 week low of $30.01 and a 52 week high of $36.54. The firm has a market cap of $13.48 billion, a P/E ratio of 17.77 and a beta of 0.86.
CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $0.64 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts anticipate that CA Inc. will post $2.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
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A number of research firms have recently weighed in on CA. Piper Jaffray Companies increased their price target on CA from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Raymond James Financial, Inc. raised CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Monday, May 8th. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Thursday, June 1st. Zacks Investment Research downgraded CA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $34.00 price target (up previously from $33.00) on shares of CA in a research note on Sunday, May 14th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $35.09.
In related news, insider Ayman Sayed sold 30,194 shares of the firm’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 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 legal filing with the SEC, which can be accessed through this link. Also, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the transaction, the insider now directly owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold a total of 197,489 shares of company stock valued at $6,472,070 over the last three months. 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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