Somewhat Positive News Coverage Somewhat Unlikely to Impact CA (CA) Share Price
Headlines about CA (NASDAQ:CA) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CA earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.9578083833977 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- The Hype Behind Integrated Device Technology, Inc. (IDTI), CA, Inc. (CA) – AllStockNews (allstocknews.com)
- CA Inc (CA) Shares Moving On Volume – Financial News Review (finnewsreview.com)
- How Customer-Sited Energy Storage Can Reduce California’s Greenhouse Gas Emissions (greentechmedia.com)
- Influenza Diagnostics Market Is Predicted To Reach USD 3.3 Billion By 2024: Grand View Research, Inc. (medgadget.com)
- A-Z Bus Sales, Inc. Hires New Director of Sales for Their Commercial & Transit Division (benzinga.com)
Several analysts have recently commented on the company. Credit Suisse Group reiterated a “neutral” rating and set a $34.00 price objective on shares of CA in a report on Tuesday. Royal Bank Of Canada reiterated a “hold” rating and set a $32.00 price objective on shares of CA in a report on Monday, August 21st. BidaskClub upgraded CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and set a $36.00 price objective (up previously from $35.00) on shares of CA in a report on Wednesday, August 9th. Finally, Mizuho reiterated a “hold” rating and set a $34.00 price objective on shares of CA in a report on Friday, July 28th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $34.88.
CA (CA) traded up 0.15% during trading on Wednesday, hitting $33.07. The company had a trading volume of 1,657,036 shares. The firm’s 50 day moving average is $32.68 and its 200-day moving average is $32.57. CA has a 52-week low of $30.01 and a 52-week high of $36.54. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of 18.37 and a beta of 0.82.
CA (NASDAQ:CA) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned $0.64 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that CA will post $2.46 earnings per share for the current year.
The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.08%. CA’s payout ratio is 56.67%.
In other news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the transaction, the insider now directly owns 168,455 shares in the company, valued at $6,000,367.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Adam Elster sold 166,621 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the transaction, the insider now owns 251,356 shares in the company, valued at $8,108,744.56. The disclosure for this sale can be found here. Insiders sold 228,666 shares of company stock valued at $7,481,319 over the last ninety days. 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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