Pinnacle Financial Partners Inc. decreased its position in shares of CA Inc. (NASDAQ:CA) by 46.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 12,670 shares of the technology company’s stock after selling 10,872 shares during the period. Pinnacle Financial Partners Inc.’s holdings in CA were worth $437,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions 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 valued at $106,000 after buying an additional 107 shares during the last quarter. 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 valued at $121,000 after buying an additional 2,800 shares during the last quarter. Bessemer Group Inc. raised its position in CA by 419.6% in the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock valued at $134,000 after buying an additional 3,126 shares during the last quarter. CENTRAL TRUST Co raised its position in CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after buying an additional 319 shares during the last quarter. Finally, Tompkins Financial Corp raised its position in 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 during the last quarter. Institutional investors and hedge funds own 71.09% of the company’s stock.

CA Inc. (CA) opened at 31.99 on Monday. CA Inc. has a 52 week low of $30.01 and a 52 week high of $36.54. The company has a 50-day moving average of $33.53 and a 200-day moving average of $32.42. The stock 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 issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $0.64 earnings per share. CA’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts predict that CA Inc. will post $2.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is currently 56.67%.

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Several research analysts have recently commented on the stock. Citigroup Inc. reissued 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. Zacks Investment Research lowered shares of 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. BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $35.09.

In other news, insider Adam Elster sold 166,621 shares of the 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 in the company, valued at approximately $8,108,744.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ayman Sayed sold 30,194 shares of the 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 transaction, the insider now owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 197,489 shares of company stock valued at $6,472,070. Company insiders own 0.90% of the company’s stock.

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.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

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