BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in shares of CA Inc. (NASDAQ:CA) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389,127 shares of the technology company’s stock after selling 19,906 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.09% of CA worth $13,413,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Profund Advisors LLC increased its stake in CA by 4.1% in the first quarter. Profund Advisors LLC now owns 30,397 shares of the technology company’s stock valued at $964,000 after buying an additional 1,202 shares during the last quarter. GW Henssler & Associates Ltd. increased its stake in CA by 8.7% in the first quarter. GW Henssler & Associates Ltd. now owns 105,176 shares of the technology company’s stock valued at $3,336,000 after buying an additional 8,398 shares during the last quarter. Guinness Asset Management Ltd increased its stake in CA by 16.5% in the first quarter. Guinness Asset Management Ltd now owns 310,038 shares of the technology company’s stock valued at $9,835,000 after buying an additional 43,930 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in CA by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,357 shares of the technology company’s stock valued at $248,000 after buying an additional 461 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in CA by 16.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 23,718 shares of the technology company’s stock valued at $752,000 after buying an additional 3,328 shares during the last quarter. Hedge funds and other institutional investors own 71.09% of the company’s stock.
Shares of CA Inc. (NASDAQ CA) opened at 32.50 on Wednesday. The firm has a 50-day moving average of $33.40 and a 200-day moving average of $32.44. The company has a market capitalization of $13.69 billion, a P/E ratio of 18.06 and a beta of 0.86. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54.
CA (NASDAQ:CA) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.06. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share. On average, equities analysts predict that CA Inc. will post $2.46 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.02 annualized dividend and a yield of 3.14%. CA’s dividend payout ratio (DPR) is presently 56.67%.
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Several research firms have recently commented on CA. Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Sanford C. Bernstein reissued an “underperform” rating and set a $28.00 target price on shares of CA in a research report on Wednesday, June 28th. Citigroup Inc. boosted their target price on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. Zacks Investment Research downgraded shares of CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $35.09.
In other CA news, insider Adam Elster sold 166,621 shares of CA stock in a transaction dated Monday, August 7th. The shares were 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 directly owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ayman Sayed sold 12,920 shares of CA stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $32.19, for a total transaction of $415,894.80. Following the completion of the transaction, the insider now directly owns 114,422 shares of the company’s stock, valued at $3,683,244.18. The disclosure for this sale can be found here. Insiders sold 228,429 shares of company stock valued at $7,473,593 over the last ninety days. Corporate insiders own 0.90% 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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