WBI Investments Inc. Lowers Holdings in CA Inc. (CA)
WBI Investments Inc. lessened its stake in CA Inc. (NASDAQ:CA) by 16.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,645 shares of the technology company’s stock after selling 17,339 shares during the quarter. WBI Investments Inc.’s holdings in CA were worth $3,125,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of CA. Parallel Advisors LLC increased its position in CA by 3.4% in the 1st quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after acquiring an additional 107 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in CA by 26.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after acquiring an additional 654 shares in the last quarter. Bessemer Group Inc. increased its position in CA by 419.6% in the 2nd quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock valued at $134,000 after acquiring an additional 3,126 shares in the last quarter. CENTRAL TRUST Co increased its position in CA by 7.4% in the 2nd quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after acquiring an additional 319 shares in the last quarter. Finally, AT Bancorp acquired a new stake in CA in the 2nd quarter valued at about $165,000. Hedge funds and other institutional investors own 67.51% of the company’s stock.
Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. DA Davidson reiterated a “neutral” rating and set a $12.00 price target on shares of CA in a research report on Friday, May 19th. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 price target on shares of CA in a research report on Thursday, June 1st. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Finally, Citigroup Inc. lifted their price target on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.88.
In other news, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $32.26, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ayman Sayed sold 18,694 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly 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 have sold a total of 228,666 shares of company stock valued at $7,481,319 in the last three months. Insiders own 0.90% of the company’s stock.
CA Inc. (NASDAQ CA) traded down 0.522% on Wednesday, reaching $33.375. 125,287 shares of the company traded hands. The stock has a market capitalization of $14.06 billion, a PE ratio of 18.542 and a beta of 0.82. The firm has a 50 day moving average of $32.57 and a 200-day moving average of $32.59. CA Inc. has a one year low of $30.01 and a one year high of $36.54.
CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. The business 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%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. On average, analysts anticipate that CA Inc. will post $2.46 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Tuesday, August 22nd. CA’s dividend payout ratio 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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