Ayman Sayed Sells 12,920 Shares of CA Inc. (CA) Stock
CA Inc. (NASDAQ:CA) insider Ayman Sayed sold 12,920 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $32.19, for a total value of $415,894.80. Following the completion of the transaction, the insider now directly owns 114,422 shares in the company, valued at $3,683,244.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Ayman Sayed also recently made the following trade(s):
- On Monday, August 14th, Ayman Sayed sold 18,694 shares of CA stock. The stock was sold at an average price of $32.47, for a total value of $606,994.18.
- On Wednesday, June 21st, Ayman Sayed sold 30,194 shares of CA stock. The stock was sold at an average price of $35.62, for a total value of $1,075,510.28.
- On Tuesday, May 16th, Ayman Sayed sold 674 shares of CA stock. The stock was sold at an average price of $31.70, for a total value of $21,365.80.
CA Inc. (NASDAQ CA) opened at 32.50 on Wednesday. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 18.06 and a beta of 0.86. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54. The firm has a 50-day moving average price of $33.40 and a 200 day moving average price of $32.44.
CA (NASDAQ:CA) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $0.64 EPS. CA’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that CA Inc. will post $2.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 24th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Tuesday, August 22nd. CA’s payout ratio is presently 56.67%.
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Several large investors have recently added to or reduced their stakes in CA. Vanguard Group Inc. raised its stake in CA by 22.3% in the second quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock valued at $1,108,792,000 after buying an additional 5,855,217 shares during the last quarter. Bank of New York Mellon Corp raised its stake in CA by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock valued at $930,816,000 after buying an additional 2,691,791 shares during the last quarter. Macquarie Group Ltd. raised its stake in 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 CA by 1.5% in the second quarter. BlackRock Inc. now owns 21,017,338 shares of the technology company’s stock valued at $724,466,000 after buying an additional 300,439 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in 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. 71.09% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently weighed in on CA shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 target price on shares of CA in a research report on Friday, April 28th. FIG Partners raised CA to an “outperform” rating and increased their target price for the stock from $40.00 to $42.25 in a research report on Wednesday, May 3rd. Raymond James Financial, Inc. raised CA from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Monday, May 8th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of CA in a research report on Friday, May 12th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $34.00 target price (up from $33.00) on shares of CA in a research report on Sunday, May 14th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $35.09.
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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