Chartwell Investment Partners LLC Has $2.47 Million Position in CA Inc. (CA)
Chartwell Investment Partners LLC reduced its position in shares of CA Inc. (NASDAQ:CA) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,725 shares of the technology company’s stock after selling 300 shares during the period. Chartwell Investment Partners LLC’s holdings in CA were worth $2,472,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock valued at $657,139,000 after buying an additional 19,979,935 shares during the last quarter. Vanguard Group Inc. raised its position in shares of CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock valued at $834,606,000 after buying an additional 5,729,276 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of 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. FIL Ltd raised its position in shares of CA by 13.1% in the first quarter. FIL Ltd now owns 8,352,008 shares of the technology company’s stock valued at $264,926,000 after buying an additional 964,522 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of CA by 22.6% in the first quarter. First Trust Advisors LP now owns 3,837,809 shares of the technology company’s stock valued at $121,735,000 after buying an additional 706,514 shares during the last quarter. Institutional investors and hedge funds own 71.09% of the company’s stock.
CA Inc. (NASDAQ CA) opened at 32.51 on Wednesday. The firm has a market capitalization of $13.70 billion, a P/E ratio of 18.06 and a beta of 0.86. The firm has a 50-day moving average price of $33.16 and a 200 day moving average price of $32.48. CA Inc. has a one year low of $30.01 and a one year high of $36.54.
CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share. Equities research analysts anticipate that CA Inc. will post $2.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is presently 56.67%.
Several research firms have recently commented on CA. Citigroup Inc. restated a “neutral” rating and set a $34.00 price target (up from $33.00) on shares of CA in a research report on Sunday, May 14th. BidaskClub upgraded CA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 price objective (up from $35.00) on shares of CA in a research note on Wednesday, August 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of CA in a research note on Friday, April 28th. Finally, Mizuho reiterated a “hold” rating and issued a $34.00 price objective on shares of CA in a research note on Friday, July 28th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $34.88.
In other news, insider Adam Elster sold 166,621 shares of the business’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 sale, the insider now owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ayman Sayed sold 18,694 shares of the business’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 directly owns 120,196 shares in the company, valued at approximately $3,902,764.12. The disclosure for this sale can be found here. Insiders sold 228,666 shares of company stock valued at $7,481,319 in the last quarter. Corporate 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.
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