CA Inc. (NASDAQ:CA)‘s stock had its “market perform” rating reissued by Oppenheimer Holdings, Inc. in a note issued to investors on Friday, May 12th.
Other equities analysts also recently issued research reports about the stock. Piper Jaffray Companies boosted their price target on shares of CA from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Raymond James Financial, Inc. raised shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research report on Monday, May 8th. Barclays PLC decreased their price objective on shares of CA from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of CA in a research report on Tuesday, March 7th. Finally, DA Davidson cut shares of CA from a “buy” rating to a “neutral” rating in a research report on Monday, April 10th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.25.
Shares of CA (NASDAQ CA) traded down 0.53% during midday trading on Friday, reaching $31.67. The company had a trading volume of 9,378,782 shares. The stock has a 50-day moving average of $31.99 and a 200 day moving average of $32.08. The firm has a market capitalization of $13.23 billion, a price-to-earnings ratio of 17.12 and a beta of 0.92. CA has a 52 week low of $30.01 and a 52 week high of $34.99.
CA (NASDAQ:CA) last posted its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. CA had a net margin of 19.20% and a return on equity of 17.15%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. During the same quarter last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts anticipate that CA will post $2.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, May 23rd. CA’s payout ratio is 55.14%.
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A number of institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC bought a new position in CA during the fourth quarter worth $100,000. Acrospire Investment Management LLC increased its position in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock worth $121,000 after buying an additional 2,800 shares in the last quarter. Tompkins Financial Corp increased its position in CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock worth $165,000 after buying an additional 4,022 shares in the last quarter. Hefty Wealth Partners increased its position in CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock worth $167,000 after buying an additional 5,182 shares in the last quarter. Finally, Penserra Capital Management LLC increased its position in CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock worth $179,000 after buying an additional 492 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors.
CA Company Profile
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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