BidaskClub Lowers CA Inc. (CA) to Strong Sell
BidaskClub downgraded shares of CA Inc. (NASDAQ:CA) from a sell rating to a strong sell rating in a research report released on Thursday morning.
Several other research firms have also recently weighed in on CA. Raymond James Financial, Inc. reaffirmed a market perform rating on shares of CA in a report on Thursday, June 22nd. Sanford C. Bernstein reaffirmed an underperform rating and issued a $28.00 price target on shares of CA in a report on Wednesday, June 28th. Citigroup Inc. upped their price target on shares of CA from $34.00 to $36.00 and gave the stock a neutral rating in a report on Wednesday, June 28th. Zacks Investment Research cut shares of CA from a buy rating to a hold rating in a report on Monday, July 17th. Finally, ValuEngine raised shares of CA from a hold rating to a buy rating in a report on Monday, September 11th. 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 a consensus price target of $34.88.
CA (NASDAQ:CA) opened at 32.68 on Thursday. The firm’s 50-day moving average price is $32.62 and its 200-day moving average price is $32.62. The company has a market cap of $13.77 billion, a price-to-earnings ratio of 18.16 and a beta of 0.82. CA has a 1-year low of $30.01 and a 1-year high of $36.54.
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 the consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Equities research analysts forecast that CA will post $2.46 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors 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 dividend on an annualized basis and a yield of 3.12%. CA’s dividend payout ratio is presently 56.67%.
In other news, insider Michael P. Gregoire sold 71,235 shares of the firm’s 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 transaction, the insider now directly owns 285,652 shares of the company’s stock, valued at $9,535,063.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jacob Lamm sold 16,349 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $33.45, for a total value of $546,874.05. Following the transaction, the executive vice president now directly owns 45,483 shares in the company, valued at $1,521,406.35. The disclosure for this sale can be found here. In the last three months, insiders sold 286,056 shares of company stock worth $9,330,507. 0.90% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of CA by 3.4% during the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after buying an additional 107 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of CA by 26.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after buying an additional 654 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of CA by 419.6% during the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock valued at $134,000 after buying an additional 3,126 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of CA by 4.2% during the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after buying an additional 169 shares during the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of CA by 7.4% during the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after buying an additional 319 shares during the last quarter. 67.51% of the stock is currently 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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