CA, Inc. (CA) Rating Reiterated by Oppenheimer Holdings Inc.

Oppenheimer Holdings Inc. reissued their market perform rating on shares of CA, Inc. (NASDAQ:CA) in a report published on Friday morning.

CA has been the subject of several other reports. Hovde Group restated an outperform rating and set a $39.00 price objective (up from $37.00) on shares of CA in a research report on Sunday, January 29th. Jefferies Group LLC restated a buy rating and set a $38.00 price objective on shares of CA in a research report on Wednesday, January 18th. Zacks Investment Research downgraded CA from a hold rating to a sell rating in a research report on Thursday, January 12th. FIG Partners downgraded CA to a market perform rating and lifted their price objective for the stock from $35.00 to $40.00 in a research report on Tuesday, January 31st. Finally, Evercore ISI downgraded CA from a hold rating to an underperform rating in a research report on Friday, March 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. CA currently has an average rating of Hold and a consensus target price of $37.19.

Analyst Recommendations for CA (NASDAQ:CA)

Shares of CA (NASDAQ:CA) opened at 31.21 on Friday. The stock has a 50 day moving average price of $32.09 and a 200-day moving average price of $32.01. CA has a 52-week low of $30.01 and a 52-week high of $34.99. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 16.55 and a beta of 0.92.

CA (NASDAQ:CA) last issued its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.98% and a net margin of 19.64%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. During the same period in the previous year, the firm posted $0.60 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities research analysts predict that CA will post $2.39 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th will be paid a $0.255 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $1.02 annualized dividend and a yield of 3.27%. CA’s payout ratio is currently 53.97%.

A number of hedge funds have recently added to or reduced their stakes in CA. Louisiana State Employees Retirement System boosted its stake in CA by 3.1% in the third quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the technology company’s stock valued at $662,000 after buying an additional 600 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in CA by 2.7% in the third quarter. Great West Life Assurance Co. Can now owns 357,281 shares of the technology company’s stock valued at $11,811,000 after buying an additional 9,229 shares during the last quarter. Texas Permanent School Fund boosted its stake in CA by 0.8% in the third quarter. Texas Permanent School Fund now owns 96,767 shares of the technology company’s stock valued at $3,201,000 after buying an additional 761 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in CA by 3.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 48,072 shares of the technology company’s stock valued at $1,590,000 after buying an additional 1,535 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in CA by 8.3% in the third quarter. World Asset Management Inc now owns 32,879 shares of the technology company’s stock valued at $1,088,000 after buying an additional 2,512 shares during the last quarter. 68.63% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:CA

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