Municipal Employees Retirement System of Michigan lessened its stake in shares of CA Inc. (NASDAQ:CA) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,350 shares of the technology company’s stock after selling 1,840 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in CA were worth $1,280,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its holdings in shares of CA by 2.1% during the second quarter. California State Teachers Retirement System now owns 610,877 shares of the technology company’s stock valued at $21,057,000 after acquiring an additional 12,408 shares in the last quarter. Sii Investments Inc. WI raised its holdings in shares of CA by 1.7% during the second quarter. Sii Investments Inc. WI now owns 8,039 shares of the technology company’s stock valued at $278,000 after acquiring an additional 131 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of CA by 2.4% during the second quarter. Teachers Advisors LLC now owns 1,326,972 shares of the technology company’s stock valued at $45,741,000 after acquiring an additional 31,368 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of CA by 11.1% during the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock valued at $930,816,000 after acquiring an additional 2,691,791 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings 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 acquiring an additional 654 shares in the last quarter. 68.14% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Jacob Lamm sold 16,349 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $33.45, for a total transaction of $546,874.05. Following the sale, the executive vice president now directly owns 45,483 shares of the company’s stock, valued at $1,521,406.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lauren Patricia Flaherty sold 24,843 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $32.59, for a total value of $809,633.37. Following the sale, the executive vice president now directly owns 82,000 shares in the company, valued at $2,672,380. The disclosure for this sale can be found here. Over the last three months, insiders sold 112,427 shares of company stock worth $3,734,332. Insiders own 0.90% of the company’s stock.

A number of brokerages recently commented on CA. BidaskClub downgraded CA from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded CA from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Barclays PLC decreased their target price on CA from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. Mizuho restated a “hold” rating and set a $34.00 target price on shares of CA in a report on Wednesday, October 25th. Finally, KeyCorp restated a “sector weight” rating on shares of CA in a report on Sunday, September 17th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. CA has a consensus rating of “Hold” and a consensus price target of $33.58.

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Shares of CA Inc. (NASDAQ:CA) opened at $32.51 on Monday. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The company has a market capitalization of $13,610.00, a price-to-earnings ratio of 14.91, a PEG ratio of 4.33 and a beta of 0.74. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

CA (NASDAQ:CA) last released its earnings results on Wednesday, October 25th. The technology company reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. CA had a return on equity of 15.74% and a net margin of 17.83%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. equities research analysts anticipate that CA Inc. will post 2.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Thursday, November 30th will be paid a $0.255 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.14%. CA’s dividend payout ratio is currently 58.96%.

About CA

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.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

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