CA Inc. (CA) Shares Sold by Heartland Advisors Inc.
Heartland Advisors Inc. decreased its stake in CA Inc. (NASDAQ:CA) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 384,905 shares of the technology company’s stock after selling 9,483 shares during the period. Heartland Advisors Inc. owned 0.09% of CA worth $13,268,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CA. 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, AT Bancorp acquired a new position in CA during the second quarter valued at approximately $165,000. 67.48% of the stock is owned by institutional investors.
CA Inc. (CA) traded up 0.70% during trading on Thursday, reaching $33.16. 133,551 shares of the company were exchanged. The stock has a market capitalization of $13.97 billion, a PE ratio of 18.42 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’s 50 day moving average is $33.00 and its 200 day moving average is $32.49.
CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 earnings per share. Analysts expect that CA Inc. will post $2.46 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.255 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.10%. CA’s payout ratio is currently 56.67%.
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CA has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $32.00 price target on shares of CA in a research note on Monday, August 21st. BidaskClub upgraded shares of 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 target (up previously from $35.00) on shares of CA in a research note on Wednesday, August 9th. Mizuho reissued a “hold” rating and set a $34.00 price objective on shares of CA in a report on Friday, July 28th. Finally, Zacks Investment Research cut shares of CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $34.95.
In related news, insider Ayman Sayed sold 18,694 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $32.47, for a total value of $606,994.18. Following the completion of the sale, the insider now owns 120,196 shares in the company, valued at $3,902,764.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $5,375,193.46. Following the completion of the sale, the insider now owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 228,666 shares of company stock valued at $7,481,319. 0.90% of the stock is currently owned by corporate 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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