CA (CA) Stock Rating Upgraded by BidaskClub
CA (NASDAQ:CA) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.
CA has been the subject of a number of other reports. Barclays reduced their price objective on shares of CA from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. Mizuho reaffirmed a “hold” rating and set a $34.00 price objective on shares of CA in a research report on Wednesday, October 25th. ValuEngine raised shares of CA from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Credit Suisse Group reaffirmed a “neutral” rating and set a $34.00 price objective on shares of CA in a research report on Tuesday, September 5th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of CA in a research report on Sunday, September 17th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $33.70.
CA (CA) opened at $33.48 on Friday. CA has a 52 week low of $30.45 and a 52 week high of $36.54. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The firm has a market cap of $14,012.82, a price-to-earnings ratio of 15.36, a P/E/G ratio of 4.46 and a beta of 0.74.
CA (NASDAQ:CA) last released its earnings results on Wednesday, October 25th. The technology company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. CA had a net margin of 17.83% and a return on equity of 15.74%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the business earned $0.67 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. research analysts anticipate that CA will post 2.25 EPS for the current fiscal year.
In other news, EVP Lauren Patricia Flaherty sold 24,843 shares of CA stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $32.59, for a total transaction of $809,633.37. Following the completion of the sale, the executive vice president now owns 82,000 shares of the company’s stock, valued at $2,672,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in CA by 22.3% in the second quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock valued at $1,108,792,000 after acquiring an additional 5,855,217 shares during the last quarter. Bank of New York Mellon Corp grew its position in CA by 12.0% in the third 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 acquiring an additional 3,240,645 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in CA by 541.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 3,150,132 shares of the technology company’s stock valued at $105,151,000 after acquiring an additional 2,659,100 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its position in CA by 1,758.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 1,219,309 shares of the technology company’s stock valued at $40,699,000 after acquiring an additional 1,153,717 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in CA in the third quarter valued at about $22,192,000. 69.11% of the stock is owned by institutional investors and hedge funds.
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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