Strs Ohio reduced its position in shares of CA Inc. (NASDAQ:CA) by 16.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,950 shares of the technology company’s stock after selling 5,306 shares during the period. Strs Ohio’s holdings in CA were worth $963,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Cleararc Capital Inc. raised its position in shares of CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock valued at $243,000 after buying an additional 32 shares during the last quarter. Hefty Wealth Partners raised its position in shares of CA by 0.6% in the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock valued at $183,000 after buying an additional 32 shares during the last quarter. U S Global Investors Inc raised its position in shares of CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock valued at $492,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of CA by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock valued at $669,000 after buying an additional 100 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of 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. Hedge funds and other institutional investors own 71.09% of the company’s stock.

CA Inc. (NASDAQ CA) opened at 32.50 on Wednesday. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 18.06 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 company’s 50-day moving average is $33.40 and its 200-day moving average is $32.44.

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 will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.14%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is presently 56.67%.

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Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of CA from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Barclays PLC reissued an “equal weight” rating and issued a $36.00 price objective (up from $35.00) on shares of CA in a research report on Wednesday, August 9th. Mizuho reissued a “hold” rating and issued a $34.00 price objective on shares of CA in a research report on Friday, July 28th. Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Sanford C. Bernstein reissued an “underperform” rating and issued a $28.00 price objective on shares of CA in a research report on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $35.09.

In other news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the sale, the insider now directly owns 251,356 shares in the company, valued at $8,108,744.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ayman Sayed sold 12,920 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $32.19, for a total value of $415,894.80. Following the sale, the insider now owns 114,422 shares in the company, valued at $3,683,244.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 228,429 shares of company stock worth $7,473,593. Insiders own 0.90% of the company’s stock.

About CA

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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Institutional Ownership by Quarter for CA (NASDAQ:CA)

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