CA (CA) Receiving Somewhat Favorable Press Coverage, Report Finds
Media coverage about CA (NASDAQ:CA) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CA earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.933286798822 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Insider Selling: CA Inc. (CA) Insider Sells 18,694 Shares of Stock (americanbankingnews.com)
- Central National Gottesman’s (CNG) Spicers Paper Inc. Acquires Northern California’s JC Paper – Markets Insider (markets.businessinsider.com)
- CA Technologies Helps Secure Health Care Delivery in Louisiana (finance.yahoo.com)
- CA Inc. (CA) Insider Sells $415,894.80 in Stock (americanbankingnews.com)
- PS Business Parks : GLENDALE, California — PS Business Parks, Inc. Announces Departure of Chief Financial Officer (4-traders.com)
Several equities analysts have commented on CA shares. Piper Jaffray Companies increased their price objective on shares of CA from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Raymond James Financial, Inc. upgraded shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research report on Monday, May 8th. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 price objective on shares of CA in a research report on Thursday, June 1st. Zacks Investment Research lowered shares of CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $34.00 price objective (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $35.09.
CA (NASDAQ:CA) traded down 0.52% during midday trading on Tuesday, hitting $32.50. 2,695,512 shares of the stock traded hands. CA has a 52-week low of $30.01 and a 52-week high of $36.54. The stock has a 50-day moving average of $33.40 and a 200 day moving average of $32.44. The firm has a market cap of $13.69 billion, a PE ratio of 18.06 and a beta of 0.86.
CA (NASDAQ:CA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) 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 analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. CA’s quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts forecast that CA will post $2.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 24th will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
In other CA news, insider Ayman Sayed sold 12,920 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $32.19, for a total value of $415,894.80. Following the transaction, the insider now owns 114,422 shares of the company’s stock, valued at $3,683,244.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were 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 disclosure for this sale can be found here. Insiders sold 228,429 shares of company stock valued at $7,473,593 in the last three months. 0.90% of the stock is currently owned by insiders.
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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