CA Inc. (NASDAQ:CA) Stock Rating Reaffirmed by Barclays PLC

Barclays PLC reiterated their equal weight rating on shares of CA Inc. (NASDAQ:CA) in a report released on Wednesday morning. They currently have a $36.00 price objective on the technology company’s stock, up from their prior price objective of $35.00.

Other equities research analysts also recently issued reports about the company. Jefferies Group LLC reaffirmed a buy rating and set a $38.00 price target on shares of CA in a report on Friday, April 28th. Zacks Investment Research raised CA from a sell rating to a hold rating and set a $38.00 price target for the company in a report on Tuesday, July 11th. Mizuho reaffirmed a hold rating and set a $34.00 price target on shares of CA in a report on Friday, July 28th. Oppenheimer Holdings, Inc. reaffirmed a market perform rating on shares of CA in a report on Friday, May 12th. Finally, Raymond James Financial, Inc. reaffirmed a market perform rating on shares of CA in a report on Thursday, June 22nd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $35.09.

CA (NASDAQ:CA) opened at 31.99 on Wednesday. CA has a 12-month low of $30.01 and a 12-month high of $36.54. The stock’s 50 day moving average is $33.53 and its 200 day moving average is $32.42. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 17.77 and a beta of 0.86.

CA (NASDAQ:CA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts forecast that CA will post $2.45 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.

In other news, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the completion of the transaction, the insider now owns 251,356 shares in the company, valued at $8,108,744.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total value of $1,075,510.28. Following the completion of the transaction, the insider now owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,489 shares of company stock valued at $6,472,070. Company insiders own 0.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ontario Teachers Pension Plan Board boosted its position in shares of CA by 20.2% in the second quarter. Ontario Teachers Pension Plan Board now owns 250,940 shares of the technology company’s stock worth $8,650,000 after buying an additional 42,247 shares in the last quarter. OxFORD Asset Management LLP boosted its position in shares of CA by 727.0% in the second quarter. OxFORD Asset Management LLP now owns 148,446 shares of the technology company’s stock worth $5,117,000 after buying an additional 130,497 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CA by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,800,913 shares of the technology company’s stock worth $199,953,000 after buying an additional 170,063 shares in the last quarter. Ropes Wealth Advisors LLC boosted its position in shares of CA by 2.7% in the second quarter. Ropes Wealth Advisors LLC now owns 25,981 shares of the technology company’s stock worth $896,000 after buying an additional 683 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of CA by 40.6% in the second quarter. Parametric Portfolio Associates LLC now owns 1,290,435 shares of the technology company’s stock worth $44,481,000 after buying an additional 372,835 shares in the last quarter. Institutional investors and hedge funds own 70.49% of the company’s stock.

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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