24,136 Shares in CA Inc. (CA) Purchased by Seven Eight Capital LP
Seven Eight Capital LP purchased a new stake in CA Inc. (NASDAQ:CA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 24,136 shares of the technology company’s stock, valued at approximately $832,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Fort Pitt Capital Group LLC raised its holdings in shares of CA by 0.6% in the first quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock valued at $31,155,000 after buying an additional 6,328 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in CA by 11.1% during the 2nd 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 purchasing an additional 2,691,791 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in CA by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock valued at $669,000 after purchasing an additional 100 shares in the last quarter. TLP Group LLC acquired a new stake in CA during the 1st quarter valued at $381,000. Finally, Highland Capital Management LLC acquired a new stake in CA during the 2nd quarter valued at $202,000. 67.51% of the stock is owned by hedge funds and other institutional investors.
Shares of CA Inc. (NASDAQ CA) opened at 33.10 on Friday. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The company has a market capitalization of $13.94 billion, a P/E ratio of 18.39 and a beta of 0.82. The company has a 50-day moving average of $32.51 and a 200 day moving average of $32.61.
CA (NASDAQ:CA) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company earned $0.64 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts forecast 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. Stockholders of record on Thursday, August 24th were paid a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.02 annualized dividend and a dividend yield of 3.08%. CA’s dividend payout ratio is presently 56.67%.
In related news, 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 transaction of $5,375,193.46. Following the transaction, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the transaction, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The disclosure for this sale can be found here. Insiders sold a total of 316,250 shares of company stock worth $10,406,017 in the last 90 days. 0.90% of the stock is owned by corporate insiders.
CA has been the subject of a number of recent analyst reports. Barclays PLC reaffirmed an “equal weight” rating and set a $36.00 price target (up from $35.00) on shares of CA in a report on Thursday, August 3rd. Zacks Investment Research raised shares of CA from a “sell” rating to a “hold” rating and set a $38.00 price objective for the company in a report on Tuesday, July 11th. ValuEngine raised shares of CA from a “hold” rating to a “buy” rating in a report on Monday, September 11th. BidaskClub raised shares of CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $38.00 price objective on shares of CA in a report on Wednesday, June 21st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $34.88.
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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