CA Inc. (CA) Holdings Reduced by Voya Investment Management LLC
Voya Investment Management LLC lowered its position in CA Inc. (NASDAQ:CA) by 47.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,211 shares of the technology company’s stock after selling 153,445 shares during the quarter. Voya Investment Management LLC’s holdings in CA were worth $5,902,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in CA. Parallel Advisors LLC lifted 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 acquiring an additional 107 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in CA by 26.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after acquiring an additional 654 shares during the last quarter. Bessemer Group Inc. lifted 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 acquiring an additional 3,126 shares during the last quarter. D.A. Davidson & CO. lifted its stake in CA by 4.2% in the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after acquiring an additional 169 shares during the last quarter. Finally, CENTRAL TRUST Co lifted 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 acquiring an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 67.51% of the company’s stock.
CA Inc. (NASDAQ CA) opened at 33.64 on Wednesday. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 18.69 and a beta of 0.83. The company’s 50-day moving average is $33.11 and its 200-day moving average is $32.73. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54.
CA (NASDAQ:CA) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. On average, analysts expect that CA Inc. will post $2.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is presently 56.67%.
A number of analysts have commented on CA shares. 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 set a $38.00 target price on shares of CA in a research note on Wednesday, June 21st. Royal Bank Of Canada restated a “hold” rating and set a $32.00 target price on shares of CA in a research note on Monday, August 21st. Finally, Zacks Investment Research cut shares of CA from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.88.
In other news, insider Ayman Sayed sold 12,920 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $32.19, for a total transaction of $415,894.80. Following the sale, the insider now directly owns 114,422 shares in the company, valued at $3,683,244.18. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 251,356 shares in the company, valued at $8,108,744.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 286,056 shares of company stock worth $9,330,507. Insiders own 0.90% of the company’s stock.
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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