Aspen Investment Management Inc Maintains Position in CA Inc. (CA)
Aspen Investment Management Inc maintained its position in CA Inc. (NASDAQ:CA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,370 shares of the technology company’s stock at the end of the 2nd quarter. Aspen Investment Management Inc’s holdings in CA were worth $461,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in CA. BlackRock Inc. raised its position in CA by 2,711.1% during the 1st quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock worth $657,139,000 after buying an additional 19,979,935 shares during the last quarter. Vanguard Group Inc. raised its position in CA by 22.3% during the 2nd quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock worth $1,108,792,000 after buying an additional 5,855,217 shares during the last quarter. Bank of New York Mellon Corp raised its position in CA by 11.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after buying an additional 2,691,791 shares during the last quarter. FIL Ltd raised its position in CA by 13.1% during the 1st quarter. FIL Ltd now owns 8,352,008 shares of the technology company’s stock worth $264,926,000 after buying an additional 964,522 shares during the last quarter. Finally, First Trust Advisors LP raised its position in CA by 15.7% during the 2nd quarter. First Trust Advisors LP now owns 4,441,835 shares of the technology company’s stock worth $153,110,000 after buying an additional 604,026 shares during the last quarter. Institutional investors own 67.51% of the company’s stock.
In related news, insider Adam Elster sold 166,621 shares of the 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 sale, the insider now owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael P. Gregoire sold 71,235 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $33.38, for a total value of $2,377,824.30. Following the sale, the insider now directly owns 285,652 shares in the company, valued at approximately $9,535,063.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 286,056 shares of company stock valued at $9,330,507. Company insiders own 0.90% of the company’s stock.
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A number of equities analysts have issued reports on CA shares. Jefferies Group LLC reissued a “buy” rating and set a $38.00 price target on shares of CA in a research report on Wednesday, June 21st. Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Citigroup Inc. raised their price target 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. 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. Finally, BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.88.
Shares of CA Inc. (NASDAQ CA) traded down 1.019% during midday trading on Monday, reaching $33.515. 523,489 shares of the company’s stock traded hands. CA Inc. has a 52 week low of $30.01 and a 52 week high of $36.54. The stock’s 50 day moving average is $33.05 and its 200-day moving average is $32.69. The company has a market capitalization of $14.12 billion, a PE ratio of 18.619 and a beta of 0.83.
CA (NASDAQ:CA) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts forecast that CA Inc. will post $2.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
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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