CA, Inc. (CA) Stake Lessened by Russell Investments Group Ltd.
Russell Investments Group Ltd. lessened its stake in shares of CA, Inc. (NASDAQ:CA) by 28.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 388,682 shares of the technology company’s stock after selling 151,426 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of CA worth $12,973,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in CA by 26.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after acquiring an additional 654 shares during the period. Bessemer Group Inc. raised its stake in CA by 419.6% during the 2nd quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock worth $134,000 after acquiring an additional 3,126 shares during the period. D.A. Davidson & CO. raised its position 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. AT Bancorp bought a new stake in shares of CA during the second quarter valued at approximately $165,000. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of CA during the second quarter valued at approximately $202,000. 69.11% of the stock is currently owned by hedge funds and other institutional investors.
In other CA news, EVP Jacob Lamm sold 16,349 shares of the business’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 completion of the transaction, the executive vice president now directly owns 45,483 shares in the company, valued at $1,521,406.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael P. Gregoire sold 71,235 shares of the business’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 completion of the transaction, the insider now owns 285,652 shares of the company’s stock, valued at $9,535,063.76. The disclosure for this sale can be found here. Insiders sold 112,427 shares of company stock valued at $3,734,332 over the last 90 days. 0.90% of the stock is currently owned by corporate insiders.
CA (NASDAQ:CA) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.62 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.62. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. CA had a net margin of 17.83% and a return on equity of 15.74%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 earnings per share. sell-side analysts predict that CA, Inc. will post 2.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Thursday, November 30th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.02 annualized dividend and a dividend yield of 3.07%. CA’s payout ratio is currently 58.62%.
Several equities research analysts have recently issued reports on CA shares. BidaskClub upgraded shares of CA from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. KeyCorp reiterated a “sector weight” rating on shares of CA in a research report on Sunday, September 17th. Barclays reduced their price objective on shares of CA from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $32.00 price objective on shares of CA in a research report on Monday, August 21st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $33.70.
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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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