CA Inc. (CA) Position Maintained by Barings LLC
Barings LLC held its stake in CA Inc. (NASDAQ:CA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,848 shares of the technology company’s stock at the end of the first quarter. Barings LLC’s holdings in CA were worth $2,438,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. PVG Asset Management Corp purchased a new position in CA during the first quarter worth about $476,000. Shelton Capital Management boosted its position in CA by 63.5% in the first quarter. Shelton Capital Management now owns 159,754 shares of the technology company’s stock worth $5,067,000 after buying an additional 62,031 shares during the period. AQR Capital Management LLC boosted its position in CA by 3.7% in the first quarter. AQR Capital Management LLC now owns 4,090,578 shares of the technology company’s stock worth $129,753,000 after buying an additional 144,212 shares during the period. State Street Corp boosted its position in CA by 2.3% in the first quarter. State Street Corp now owns 15,297,516 shares of the technology company’s stock worth $485,238,000 after buying an additional 343,822 shares during the period. Finally, Bank of America Corp DE boosted its position in 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 period. 71.69% of the stock is currently owned by institutional investors.
CA Inc. (NASDAQ CA) traded up 0.23% on Monday, reaching $35.06. 464,393 shares of the company traded hands. The stock has a 50-day moving average of $31.93 and a 200 day moving average of $32.09. CA Inc. has a 52-week low of $30.01 and a 52-week high of $35.27. The company has a market capitalization of $14.65 billion, a PE ratio of 18.95 and a beta of 0.92.
CA (NASDAQ:CA) last announced its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $996.59 million. During the same quarter last year, the firm earned $0.60 earnings per share. CA’s quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts forecast that CA Inc. will post $2.39 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Tuesday, May 23rd. CA’s payout ratio is 55.14%.
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A number of research firms have recently issued reports on CA. Evercore ISI cut shares of CA from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 target price on shares of CA in a research note on Tuesday, March 7th. Citigroup Inc. reiterated a “neutral” rating and issued a $34.00 target price (up previously from $33.00) on shares of CA in a research note on Sunday, May 14th. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of CA in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $35.25.
In other CA news, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction on 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 directly owns 168,455 shares in the company, valued at $6,000,367.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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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