Wealth Advisors of Tampa Bay LLC bought a new position in shares of CA, Inc. (NASDAQ:CA) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 98,405 shares of the technology company’s stock, valued at approximately $3,337,000. CA accounts for approximately 2.3% of Wealth Advisors of Tampa Bay LLC’s holdings, making the stock its 22nd biggest holding.
Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of CA by 12.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 30,244,351 shares of the technology company’s stock valued at $1,009,556,000 after purchasing an additional 3,240,645 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in shares of CA by 541.5% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 3,150,132 shares of the technology company’s stock valued at $105,151,000 after purchasing an additional 2,659,100 shares during the period. Wells Fargo & Company MN grew its position in shares of CA by 31.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,948,498 shares of the technology company’s stock valued at $65,040,000 after purchasing an additional 462,769 shares during the period. Legal & General Group Plc grew its position in shares of CA by 5.4% in the 3rd quarter. Legal & General Group Plc now owns 1,843,423 shares of the technology company’s stock valued at $61,530,000 after purchasing an additional 94,153 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of CA by 8.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,748,688 shares of the technology company’s stock valued at $58,197,000 after purchasing an additional 133,741 shares during the period. Institutional investors own 68.98% of the company’s stock.
Several equities analysts recently issued reports on CA shares. Mizuho reiterated a “hold” rating and issued a $34.00 price objective on shares of CA in a research report on Wednesday, October 25th. Barclays reduced their price target on CA from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. Zacks Investment Research raised CA from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Monday, October 30th. BidaskClub downgraded CA from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Finally, Credit Suisse Group upped their price target on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.23.
CA (NASDAQ:CA) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.20. CA had a return on equity of 16.52% and a net margin of 10.23%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business posted $0.63 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. sell-side analysts expect that CA, Inc. will post 2.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Wednesday, February 21st. CA’s dividend payout ratio is currently 100.99%.
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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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