Barings LLC Holds Holdings in CA Inc. (CA)
Barings LLC continued to hold its stake in CA Inc. (NASDAQ:CA) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,848 shares of the technology company’s stock at the close of the second quarter. Barings LLC’s holdings in CA were worth $2,438,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in 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 purchasing an additional 654 shares during the period. Parallel Advisors LLC grew its holdings in 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 purchasing an additional 107 shares during the period. Bessemer Group Inc. grew its holdings in 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 purchasing an additional 3,126 shares during the period. D.A. Davidson & CO. grew its holdings in 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 purchasing an additional 169 shares during the period. Finally, CENTRAL TRUST Co grew its holdings in 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 purchasing an additional 319 shares during the period. Hedge funds and other institutional investors own 67.51% of the company’s stock.
In other CA news, insider Michael P. Gregoire sold 71,235 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $9,535,063.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $32.26, for a total value of $5,375,193.46. Following the transaction, the insider now owns 251,356 shares in the company, valued at $8,108,744.56. The disclosure for this sale can be found here. In the last three months, insiders sold 286,056 shares of company stock valued at $9,330,507. 0.90% of the stock is currently owned by insiders.
Shares of CA Inc. (NASDAQ CA) opened at 33.86 on Friday. The stock has a 50 day moving average of $33.05 and a 200-day moving average of $32.69. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 18.81 and a beta of 0.83.
CA (NASDAQ:CA) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the 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 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 firm posted $0.64 EPS. CA’s revenue was up 2.6% compared to the same quarter last year. On average, analysts forecast that CA Inc. will post $2.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.01%. The ex-dividend date was Tuesday, August 22nd. CA’s payout ratio is currently 56.67%.
A number of brokerages recently issued reports on CA. Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Sanford C. Bernstein restated an “underperform” rating and set a $28.00 price objective on shares of CA in a report on Wednesday, June 28th. Citigroup Inc. boosted their price objective on shares of CA from $34.00 to $36.00 and gave the company 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, BidaskClub cut shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Four equities 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 an average rating of “Hold” and an average target price of $34.88.
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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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