Advisor Partners LLC Acquires 64 Shares of CA Inc. (NASDAQ:CA)
Advisor Partners LLC raised its stake in CA Inc. (NASDAQ:CA) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 7,353 shares of the technology company’s stock after buying an additional 64 shares during the period. Advisor Partners LLC’s holdings in CA were worth $253,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of CA. Parallel Advisors LLC boosted its stake 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 period. Acrospire Investment Management LLC boosted its stake 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 period. Bessemer Group Inc. boosted its stake 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 period. CENTRAL TRUST Co boosted its stake in CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after buying an additional 319 shares during the period. Finally, Tompkins Financial Corp boosted its stake 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 during the period. 70.49% of the stock is owned by hedge funds and other institutional investors.
Shares of CA Inc. (CA) opened at 31.99 on Friday. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 17.77 and a beta of 0.86. The company’s 50 day moving average is $33.53 and its 200-day moving average is $32.42.
CA (NASDAQ:CA) last released its quarterly earnings data 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 net margin of 18.59% and a return on equity of 16.54%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. Equities analysts expect that CA Inc. will post $2.45 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th will be issued 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 yield of 3.19%. CA’s payout ratio is 56.67%.
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CA has been the topic of several research analyst reports. Citigroup Inc. increased their price target on shares of CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, June 28th. BidaskClub cut shares of CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Jefferies Group LLC restated a “buy” rating and issued a $38.00 price objective on shares of CA in a report on Wednesday, June 21st. DA Davidson restated a “neutral” rating and issued a $12.00 price objective on shares of CA in a report on Friday, May 19th. Finally, Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. 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 company has an average rating of “Hold” and an average target price of $35.09.
In other CA news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction 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 $6,000,367.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction on Monday, August 7th. The stock was 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,489 shares of company stock worth $6,472,070. 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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