CA Inc. (CA) Cut to Strong Sell at BidaskClub
BidaskClub cut shares of CA Inc. (NASDAQ:CA) from a sell rating to a strong sell rating in a report issued on Thursday morning.
Several other research analysts also recently commented on the company. Citigroup Inc. lifted their price target on CA from $34.00 to $36.00 and gave the stock a neutral rating in a research report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a buy rating and issued a $38.00 price target on shares of CA in a research report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a hold rating and issued a $32.00 price target on shares of CA in a research report on Monday, August 21st. Zacks Investment Research downgraded CA from a buy rating to a hold rating in a research report on Monday, July 17th. Finally, KeyCorp reaffirmed a sector weight rating on shares of CA in a research report on Sunday, September 17th. Four 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. CA has an average rating of Hold and an average target price of $34.88.
Shares of CA (NASDAQ CA) opened at 32.68 on Thursday. CA has a 52-week low of $30.01 and a 52-week high of $36.54. The stock’s 50 day moving average is $32.62 and its 200-day moving average is $32.62. The firm has a market cap of $13.77 billion, a P/E ratio of 18.16 and a beta of 0.82.
CA (NASDAQ:CA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS. Equities analysts anticipate that CA will post $2.46 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, August 22nd. CA’s dividend payout ratio is 56.67%.
In related news, insider Ayman Sayed sold 12,920 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $32.19, for a total value of $415,894.80. Following the sale, the insider now owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam Elster sold 166,621 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $32.26, for a total value of $5,375,193.46. Following the completion of the sale, the insider now directly 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 ninety days, insiders sold 286,056 shares of company stock worth $9,330,507. 0.90% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in CA by 3.4% in the 1st 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. Northwestern Mutual Wealth Management Co. boosted its stake in CA by 26.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after buying an additional 654 shares in the last quarter. Bessemer Group Inc. boosted its stake in CA by 419.6% in the 2nd 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 in the last quarter. D.A. Davidson & CO. boosted its stake in CA by 4.2% in the 2nd quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after buying an additional 169 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in CA by 7.4% in the 2nd 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 in the last quarter. 67.51% of the stock is currently owned by institutional investors and hedge funds.
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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