CA, Inc. (CA) Downgraded to “Strong Sell” at BidaskClub
BidaskClub cut shares of CA, Inc. (NASDAQ:CA) from a sell rating to a strong sell rating in a research report sent to investors on Thursday.
A number of other analysts also recently issued reports on CA. Royal Bank Of Canada reissued a hold rating and set a $32.00 target price on shares of CA in a research report on Monday, August 21st. Zacks Investment Research downgraded shares of CA from a buy rating to a hold rating in a research report on Monday, July 17th. KeyCorp reissued a sector weight rating on shares of CA in a research report on Sunday, September 17th. Credit Suisse Group reissued a neutral rating and set a $34.00 target price on shares of CA in a research report on Tuesday, September 5th. Finally, Barclays PLC reissued an equal weight rating and set a $36.00 target price (up previously from $35.00) on shares of CA in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $33.67.
CA (NASDAQ:CA) traded up $0.19 during trading hours on Thursday, reaching $32.45. 1,677,400 shares of the company’s stock were exchanged, compared to its average volume of 2,594,144. CA has a 52 week low of $30.01 and a 52 week high of $36.54.
CA (NASDAQ:CA) last released its earnings results on Wednesday, October 25th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.62. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.05 billion. CA had a net margin of 17.37% and a return on equity of 12.22%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS.
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The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Thursday, November 30th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Wednesday, November 29th. CA’s payout ratio is 58.96%.
In other news, EVP Jacob Lamm sold 16,349 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $33.45, for a total transaction of $546,874.05. Following the transaction, the executive vice president now directly owns 45,483 shares of the company’s stock, valued at $1,521,406.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lauren Patricia Flaherty sold 24,843 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $32.59, for a total value of $809,633.37. Following the transaction, the executive vice president now directly owns 82,000 shares in the company, valued at $2,672,380. The disclosure for this sale can be found here. Insiders sold 112,664 shares of company stock worth $3,742,058 over the last quarter.
Institutional investors and hedge funds have recently modified their holdings of the company. OppenheimerFunds Inc. grew its holdings in CA by 8.6% during the first quarter. OppenheimerFunds Inc. now owns 16,223 shares of the company’s stock worth $515,000 after acquiring an additional 1,288 shares during the period. FMR LLC grew its holdings in CA by 228.4% during the first quarter. FMR LLC now owns 391,816 shares of the company’s stock worth $12,429,000 after acquiring an additional 272,517 shares during the period. Xact Kapitalforvaltning AB grew its holdings in CA by 3.8% during the second quarter. Xact Kapitalforvaltning AB now owns 64,836 shares of the company’s stock worth $2,235,000 after acquiring an additional 2,361 shares during the period. Capital One National Association grew its holdings in CA by 12.5% during the second quarter. Capital One National Association now owns 12,693 shares of the company’s stock worth $438,000 after acquiring an additional 1,413 shares during the period. Finally, Creative Planning grew its holdings in CA by 99.6% during the second quarter. Creative Planning now owns 11,953 shares of the company’s stock worth $412,000 after acquiring an additional 5,964 shares during the period.
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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