CA Inc. (CA) Position Boosted by Sumitomo Mitsui Trust Holdings Inc.
Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of CA Inc. (NASDAQ:CA) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 932,111 shares of the technology company’s stock after buying an additional 17,644 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.22% of CA worth $32,130,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of CA by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after buying an additional 2,691,791 shares during the last quarter. Vanguard Group Inc. raised its position in shares of CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock worth $834,606,000 after buying an additional 5,729,276 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of CA by 2.1% in the first quarter. Macquarie Group Ltd. now owns 23,725,398 shares of the technology company’s stock worth $752,570,000 after buying an additional 479,924 shares during the last quarter. BlackRock Inc. raised its position in shares of CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock worth $657,139,000 after buying an additional 19,979,935 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of CA by 1.0% in the first quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock worth $498,611,000 after buying an additional 154,092 shares during the last quarter. 67.48% of the stock is currently owned by hedge funds and other institutional investors.
CA Inc. (NASDAQ CA) opened at 32.61 on Tuesday. The company has a market cap of $13.74 billion, a P/E ratio of 18.12 and a beta of 0.86. CA Inc. has a 52 week low of $30.01 and a 52 week high of $36.54. The firm has a 50-day moving average price of $33.00 and a 200-day moving average price of $32.49.
CA (NASDAQ:CA) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the 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 firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. Equities research analysts anticipate that CA Inc. will post $2.46 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.13%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $32.00 target price on shares of CA in a research report on Monday, August 21st. BidaskClub upgraded CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and set a $36.00 price target (up previously from $35.00) on shares of CA in a report on Wednesday, August 9th. Mizuho reiterated a “hold” rating and set a $34.00 price target on shares of CA in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. CA presently has an average rating of “Hold” and an average target price of $34.88.
In other news, insider Ayman Sayed sold 12,920 shares of the firm’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 approximately $3,683,244.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Elster sold 166,621 shares of the firm’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. Insiders have sold a total of 228,666 shares of company stock worth $7,481,319 over the last ninety days. 0.90% of the stock is owned by insiders.
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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