CA Inc. (CA) Position Boosted by Oak Associates Ltd. OH
Oak Associates Ltd. OH raised its stake in shares of CA Inc. (NASDAQ:CA) by 62.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 401,352 shares of the technology company’s stock after buying an additional 155,001 shares during the period. CA makes up about 1.0% of Oak Associates Ltd. OH’s investment portfolio, making the stock its 29th largest position. Oak Associates Ltd. OH’s holdings in CA were worth $12,731,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of CA. Parallel Advisors LLC raised 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 buying an additional 107 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares during the period. Tompkins Financial Corp increased its position in shares of CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock valued at $165,000 after buying an additional 4,022 shares during the period. Hefty Wealth Partners increased its position in shares of CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock valued at $167,000 after buying an additional 5,182 shares during the period. Finally, Penserra Capital Management LLC increased its position in shares of CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock valued at $179,000 after buying an additional 492 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.
Shares of CA Inc. (NASDAQ CA) traded up 0.98% during trading on Wednesday, hitting $34.96. 552,047 shares of the company’s stock were exchanged. The stock has a market cap of $14.61 billion, a P/E ratio of 18.90 and a beta of 0.92. CA Inc. has a one year low of $30.01 and a one year high of $35.01. The firm has a 50-day moving average price of $31.93 and a 200-day moving average price of $32.09.
CA (NASDAQ:CA) last posted its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.49 by $0.05. CA had a net margin of 19.20% and a return on equity of 17.15%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. During the same quarter in the previous year, the business posted $0.60 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts expect that CA Inc. will post $2.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were issued a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.02 annualized dividend and a dividend yield of 2.95%. CA’s dividend payout ratio is currently 55.14%.
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CA has been the subject of several recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of CA in a research note on Wednesday, June 21st. Zacks Investment Research raised shares of CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Evercore ISI downgraded shares of CA from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. FIG Partners raised shares of CA to an “outperform” rating and upped their price objective for the company from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Finally, DA Davidson downgraded shares of CA from a “buy” rating to a “neutral” rating in a research note on Monday, April 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. CA has a consensus rating of “Hold” and a consensus price target of $35.25.
In other news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total value of $1,075,510.28. Following the completion of the sale, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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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