CA Inc. (NASDAQ:CA) Position Lowered by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC cut its stake in CA Inc. (NASDAQ:CA) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,888 shares of the technology company’s stock after selling 182 shares during the period. Gateway Investment Advisers LLC’s holdings in CA were worth $651,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Parallel Advisors LLC boosted 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 in the last quarter. Acrospire Investment Management LLC boosted 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 in the last quarter. Hefty Wealth Partners boosted 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 valued at $167,000 after buying an additional 5,182 shares in the last quarter. Tompkins Financial Corp boosted 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 valued at $165,000 after buying an additional 4,022 shares in the last quarter. Finally, Penserra Capital Management LLC boosted 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 valued at $179,000 after buying an additional 492 shares in the last quarter. Institutional investors own 71.09% of the company’s stock.

CA Inc. (CA) traded down 0.03% during trading on Friday, reaching $32.37. The company’s stock had a trading volume of 2,864,650 shares. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The stock’s 50 day moving average is $33.21 and its 200 day moving average is $32.45. The company has a market cap of $13.64 billion, a price-to-earnings ratio of 17.98 and a beta of 0.86.

CA (NASDAQ:CA) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.55 by $0.06. The firm 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%. CA’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. On average, equities analysts expect that CA Inc. will post $2.46 EPS for the current fiscal year.

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

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Several research firms have recently weighed in on CA. BidaskClub raised CA from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Barclays PLC reissued an “equal weight” rating and set a $36.00 price target (up from $35.00) on shares of CA in a research report on Wednesday, August 9th. Mizuho reissued a “hold” rating and set a $34.00 price target on shares of CA in a research report on Friday, July 28th. Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Sanford C. Bernstein reissued an “underperform” rating and set a $28.00 price target on shares of CA in a research report on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $35.09.

In other CA news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the transaction, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the transaction, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 228,666 shares of company stock valued at $7,481,319. 0.90% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

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