Zurcher Kantonalbank Zurich Cantonalbank Has $2.08 Million Stake in CA Inc. (CA)
Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in CA Inc. (NASDAQ:CA) by 29.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,208 shares of the technology company’s stock after selling 25,258 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CA were worth $2,075,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in shares of CA by 9.9% in the 2nd quarter. Pacer Advisors Inc. now owns 15,511 shares of the technology company’s stock valued at $535,000 after purchasing an additional 1,397 shares during the period. Utah Retirement Systems lifted its stake in shares of CA by 8.5% in the 2nd quarter. Utah Retirement Systems now owns 57,644 shares of the technology company’s stock valued at $1,987,000 after purchasing an additional 4,500 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of CA by 2.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 655,326 shares of the technology company’s stock valued at $22,589,000 after purchasing an additional 14,480 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of CA by 19.8% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 80,296 shares of the technology company’s stock valued at $2,768,000 after purchasing an additional 13,250 shares during the period. Finally, Airain ltd lifted its stake in shares of CA by 4.6% in the 2nd quarter. Airain ltd now owns 157,279 shares of the technology company’s stock valued at $5,421,000 after purchasing an additional 6,846 shares during the period. 67.51% of the stock is currently owned by institutional investors.
CA has been the topic of a number of analyst reports. BidaskClub downgraded CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $28.00 price objective on shares of CA in a research note on Wednesday, June 28th. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a research note on Tuesday, July 11th. Barclays PLC reaffirmed an “equal weight” rating and set a $36.00 price objective (up previously from $35.00) on shares of CA in a research note on Thursday, August 3rd. Finally, Citigroup Inc. raised their price objective on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.88.
In other CA news, insider Adam Elster sold 166,621 shares of the stock in a transaction that occurred 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 directly owns 251,356 shares in the company, valued at approximately $8,108,744.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ayman Sayed sold 12,920 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $32.19, for a total transaction of $415,894.80. Following the completion of the sale, the insider now owns 114,422 shares in the company, valued at $3,683,244.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 228,666 shares of company stock valued at $7,481,319. 0.90% of the stock is owned by insiders.
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Shares of CA Inc. (CA) opened at 33.07 on Thursday. The firm has a market cap of $13.93 billion, a P/E ratio of 18.37 and a beta of 0.82. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54. The firm has a 50 day moving average price of $32.68 and a 200 day moving average price of $32.57.
CA (NASDAQ:CA) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 net margin of 18.59% and a return on equity of 16.54%. CA’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS. Analysts anticipate that CA Inc. will post $2.46 EPS for the current year.
The firm 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 annualized dividend and a yield of 3.08%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is presently 56.67%.
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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