CA Inc. (CA) Insider Sells $2,377,824.30 in Stock
CA Inc. (NASDAQ:CA) insider Michael P. Gregoire sold 71,235 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $33.38, for a total transaction of $2,377,824.30. Following the sale, the insider now directly owns 285,652 shares in the company, valued at approximately $9,535,063.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
CA Inc. (NASDAQ:CA) opened at 33.10 on Friday. The company’s 50-day moving average is $32.51 and its 200 day moving average is $32.61. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54. The company has a market cap of $13.94 billion, a price-to-earnings ratio of 18.39 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 the Thomson Reuters’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts predict that CA Inc. will post $2.46 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.08%. The ex-dividend date was Tuesday, August 22nd. CA’s payout ratio is presently 56.67%.
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Several research analysts have recently issued reports on the stock. Credit Suisse Group reaffirmed a “neutral” rating and issued a $34.00 target price on shares of CA in a research note on Tuesday, September 5th. DA Davidson reaffirmed a “neutral” rating and issued a $12.00 target price on shares of CA in a research note on Friday, May 19th. BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $28.00 target price on shares of CA in a research note on Wednesday, June 28th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.88.
A number of hedge funds have recently made changes to their positions in the stock. Cleararc Capital Inc. boosted its holdings in CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock valued at $243,000 after acquiring an additional 32 shares during the last quarter. Hefty Wealth Partners boosted its holdings in shares of CA by 0.6% during the 2nd quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock worth $183,000 after buying an additional 32 shares in the last quarter. Advisor Partners LLC boosted its holdings in shares of CA by 0.9% during the 2nd quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock worth $253,000 after buying an additional 64 shares in the last quarter. U S Global Investors Inc boosted its holdings in shares of CA by 0.6% during the 1st quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock worth $492,000 after buying an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of CA by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 67.51% of the company’s stock.
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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