Yorktown Management & Research Co Inc Maintains Stake in CA Inc. (CA)
Yorktown Management & Research Co Inc maintained its position in CA Inc. (NASDAQ:CA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,300 shares of the technology company’s stock at the close of the 2nd quarter. Yorktown Management & Research Co Inc’s holdings in CA were worth $252,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Cleararc Capital Inc. raised its stake in shares of CA by 0.4% in the 1st 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 period. Hefty Wealth Partners grew its holdings in shares of CA by 0.6% in the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock valued at $183,000 after purchasing an additional 32 shares in the last quarter. Advisor Partners LLC grew its holdings in shares of CA by 0.9% in the second quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock valued at $253,000 after purchasing an additional 64 shares in the last quarter. U S Global Investors Inc grew its holdings in shares of CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock valued at $492,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of CA by 0.5% in the second 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. 67.51% of the stock is currently owned by institutional investors and hedge funds.
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CA Inc. (NASDAQ CA) opened at 32.99 on Tuesday. CA Inc. has a 12-month low of $30.01 and a 12-month high of $36.54. The firm’s 50-day moving average is $32.57 and its 200 day moving average is $32.61. The firm has a market cap of $13.90 billion, a PE ratio of 18.33 and a beta of 0.82.
CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping 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 the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $0.64 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts predict that CA Inc. will post $2.46 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders 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 dividend yield of 3.09%. The ex-dividend date was Tuesday, August 22nd. CA’s payout ratio is currently 56.67%.
In other CA news, insider Michael P. Gregoire sold 71,235 shares of CA stock in a transaction on Monday, September 11th. The shares were sold at an average price of $33.38, for a total value of $2,377,824.30. Following the completion of the transaction, the insider now owns 285,652 shares of the company’s stock, valued at $9,535,063.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam Elster sold 166,621 shares of CA stock in a transaction on 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 completion of the transaction, the insider now directly owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold 316,250 shares of company stock valued at $10,406,017 in the last three months. Corporate insiders own 0.90% of the company’s stock.
A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Barclays PLC restated an “equal weight” rating and issued a $36.00 price objective (up previously from $35.00) on shares of CA in a report on Wednesday, August 9th. Mizuho restated a “hold” rating and issued a $34.00 price objective on shares of CA in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded 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. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $34.88.
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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