CA Inc. Declares Quarterly Dividend of $0.26 (CA)
CA Inc. (NASDAQ:CA) announced a quarterly dividend on Wednesday, August 9th, RTT News reports. Stockholders of record on Thursday, August 24th will be given a dividend of 0.255 per share by the technology company on Tuesday, September 12th. This represents a $1.02 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, August 22nd.
Shares of CA (NASDAQ:CA) opened at 32.66 on Thursday. The firm has a market capitalization of $13.76 billion, a P/E ratio of 18.14 and a beta of 0.86. The stock’s 50 day moving average is $33.34 and its 200 day moving average is $32.45. CA has a 1-year low of $30.01 and a 1-year high of $36.54.
CA (NASDAQ:CA) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. Equities analysts predict that CA will post $2.46 earnings per share for the current year.
A number of research firms recently commented on CA. 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. Zacks Investment Research downgraded shares of CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. DA Davidson reaffirmed a “neutral” rating and issued a $12.00 target price on shares of CA in a research report on Friday, May 19th. BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. 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 stock. CA currently has an average rating of “Hold” and a consensus target price of $35.09.
In other news, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $32.26, for a total value of $5,375,193.46. Following the completion of the sale, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ayman Sayed sold 18,694 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $32.47, for a total transaction of $606,994.18. Following the completion of the sale, the insider now owns 120,196 shares of the company’s stock, valued at approximately $3,902,764.12. The disclosure for this sale can be found here. Insiders sold a total of 228,429 shares of company stock valued at $7,473,593 in the last 90 days. Company insiders own 0.90% of the company’s stock.
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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.
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