CA Inc. (CA) Earns Sector Weight Rating from KeyCorp
KeyCorp reaffirmed their sector weight rating on shares of CA Inc. (NASDAQ:CA) in a research note released on Sunday, Marketbeat Ratings reports.
Several other research firms have also commented on CA. Barclays PLC reaffirmed an equal weight rating and set a $36.00 target price (up from $35.00) on shares of CA in a report on Thursday, August 3rd. Zacks Investment Research raised CA from a sell rating to a hold rating and set a $38.00 target price for the company in a report on Tuesday, July 11th. ValuEngine raised CA from a hold rating to a buy rating in a report on Monday, September 11th. BidaskClub raised CA from a strong sell rating to a sell rating in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $38.00 target price on shares of CA in a report on Wednesday, June 21st. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. CA presently has an average rating of Hold and an average price target of $34.88.
CA (CA) opened at 32.90 on Friday. The stock has a market cap of $13.86 billion, a P/E ratio of 18.28 and a beta of 0.82. CA has a 1-year low of $30.01 and a 1-year high of $36.54. The company’s 50-day moving average price is $32.62 and its 200-day moving average price is $32.62.
CA (NASDAQ:CA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (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 firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. CA’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts predict that CA will post $2.46 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Tuesday, August 22nd. CA’s payout ratio is currently 56.67%.
In other CA news, insider Adam Elster sold 166,621 shares of the 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael P. Gregoire sold 71,235 shares of the 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 transaction, the insider now directly owns 285,652 shares of the company’s stock, valued at $9,535,063.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 286,056 shares of company stock valued at $9,330,507. 0.90% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of CA. Parallel Advisors LLC lifted its position in shares of CA by 3.4% during 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 during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of CA by 26.2% during 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 during the last quarter. Bessemer Group Inc. lifted its position in shares of CA by 419.6% during 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 during the last quarter. D.A. Davidson & CO. lifted its position in shares of CA by 4.2% during the 2nd quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after acquiring an additional 169 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of CA by 7.4% during 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 during the last quarter. 67.51% of the stock is owned by hedge funds and other institutional investors.
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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