Fieldpoint Private Securities LLC Purchases New Stake in CA, Inc. (CA)
Fieldpoint Private Securities LLC bought a new stake in shares of CA, Inc. (NASDAQ:CA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,022 shares of the technology company’s stock, valued at approximately $101,000.
Several other institutional investors have also made changes to their positions in CA. Northwestern Mutual Wealth Management Co. increased its position in shares of CA by 26.2% during the 2nd 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 last quarter. Bessemer Group Inc. increased its position in shares of CA by 419.6% during the 2nd 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 last quarter. D.A. Davidson & CO. increased its position in shares of CA by 4.2% during the 2nd 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 last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of CA by 56.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock valued at $210,000 after purchasing an additional 2,259 shares during the last quarter. Finally, Hikari Power Ltd purchased a new stake in shares of CA during the 2nd quarter valued at $211,000. 69.11% of the stock is owned by hedge funds and other institutional investors.
In other CA news, EVP Lauren Patricia Flaherty sold 24,843 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $32.59, for a total value of $809,633.37. Following the completion of the transaction, the executive vice president now owns 82,000 shares in the company, valued at approximately $2,672,380. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.
CA (NASDAQ:CA) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. CA had a return on equity of 15.74% and a net margin of 17.83%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company earned $0.67 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. equities analysts expect that CA, Inc. will post 2.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Thursday, November 30th were paid a $0.255 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.02 annualized dividend and a yield of 3.03%. CA’s dividend payout ratio is currently 58.96%.
Several equities research analysts recently weighed in on the company. Royal Bank of Canada reissued a “hold” rating and issued a $32.00 price objective on shares of CA in a report on Monday, August 21st. BidaskClub raised CA from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. KeyCorp reissued a “sector weight” rating on shares of CA in a report on Sunday, September 17th. Credit Suisse Group reissued a “neutral” rating and issued a $34.00 price objective on shares of CA in a report on Tuesday, September 5th. Finally, Mizuho reissued a “hold” rating and issued a $34.00 price objective on shares of CA in a report on Wednesday, October 25th. Three investment 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 currently has a consensus rating of “Hold” and an average target price 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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