CA, Inc. (CA) Shares Sold by BB&T Securities LLC
BB&T Securities LLC decreased its holdings in shares of CA, Inc. (NASDAQ:CA) by 75.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,627 shares of the technology company’s stock after selling 20,191 shares during the quarter. BB&T Securities LLC’s holdings in CA were worth $221,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Barings LLC increased its stake in shares of CA by 12.2% in the third quarter. Barings LLC now owns 27,548 shares of the technology company’s stock valued at $920,000 after buying an additional 3,000 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of CA by 1.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 662,630 shares of the technology company’s stock valued at $22,119,000 after buying an additional 7,304 shares during the period. Commonwealth Bank of Australia increased its stake in shares of CA by 7.1% in the third quarter. Commonwealth Bank of Australia now owns 65,818 shares of the technology company’s stock valued at $2,192,000 after buying an additional 4,391 shares during the period. Wells Fargo & Company MN increased its stake in shares of CA by 31.1% in the third quarter. Wells Fargo & Company MN now owns 1,948,498 shares of the technology company’s stock valued at $65,040,000 after buying an additional 462,769 shares during the period. Finally, LVW Advisors LLC acquired a new position in shares of CA in the third quarter valued at approximately $748,000. 69.11% of the stock is owned by institutional investors.
In other CA news, EVP Lauren Patricia Flaherty sold 24,843 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $32.59, for a total transaction of $809,633.37. Following the transaction, the executive vice president now directly owns 82,000 shares in the company, valued at approximately $2,672,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.
CA (NASDAQ:CA) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.62 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.62. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.05 billion. CA had a return on equity of 15.74% and a net margin of 17.83%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. sell-side analysts anticipate that CA, Inc. will post 2.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Wednesday, November 29th. CA’s payout ratio is 58.96%.
CA has been the topic of several analyst reports. BidaskClub upgraded CA from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Barclays reduced their target price on CA from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. Mizuho reiterated a “hold” rating and issued a $34.00 target price on shares of CA in a report on Wednesday, October 25th. Finally, KeyCorp reiterated a “sector weight” rating on shares of CA in a report on Sunday, September 17th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The company has an average 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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