Insider Selling: CA Inc. (CA) Insider Sells $606,994.18 in Stock

CA Inc. (NASDAQ:CA) insider Ayman Sayed sold 18,694 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $32.47, for a total transaction of $606,994.18. Following the sale, the insider now owns 120,196 shares of the company’s stock, valued at approximately $3,902,764.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ayman Sayed also recently made the following trade(s):

  • On Wednesday, August 16th, Ayman Sayed sold 237 shares of CA stock. The stock was sold at an average price of $32.60, for a total transaction of $7,726.20.
  • On Friday, August 11th, Ayman Sayed sold 12,920 shares of CA stock. The stock was sold at an average price of $32.19, for a total transaction of $415,894.80.
  • On Wednesday, June 21st, Ayman Sayed sold 30,194 shares of CA stock. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28.

CA Inc. (CA) opened at 32.38 on Friday. The company has a market capitalization of $13.64 billion, a price-to-earnings ratio of 17.99 and a beta of 0.86. The stock has a 50 day moving average of $33.27 and a 200-day moving average of $32.45. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54.

CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. On average, equities research analysts anticipate that CA Inc. will post $2.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 24th will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio is 56.67%.

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Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in CA by 26.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after buying an additional 654 shares during the last quarter. Parallel Advisors LLC increased its position in CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after buying an additional 107 shares during the last quarter. 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 valued at $121,000 after buying an additional 2,800 shares during the last quarter. Bessemer Group Inc. increased its position in CA by 419.6% in the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock valued at $134,000 after buying an additional 3,126 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in CA by 4.2% in the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after buying an additional 169 shares during the last quarter. 71.09% of the stock is owned by institutional investors.

CA has been the subject of a number of research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $38.00 price objective on shares of CA in a report on Friday, April 28th. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 target price (up previously from $35.00) on shares of CA in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a research note on Tuesday, July 11th. Mizuho reiterated a “hold” rating and issued a $34.00 target price on shares of CA in a research note on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of CA in a research note on Friday, May 12th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.09.

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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