CA Inc. (CA) Raised to Sell at BidaskClub
BidaskClub upgraded shares of CA Inc. (NASDAQ:CA) from a strong sell rating to a sell rating in a research note issued to investors on Thursday morning.
Other equities analysts also recently issued research reports about the stock. ValuEngine raised shares of CA from a hold rating to a buy rating in a research note on Monday, September 11th. Jefferies Group LLC reaffirmed a buy rating and set a $38.00 target price on shares of CA in a research note on Wednesday, June 21st. Barclays PLC reaffirmed an equal weight rating and set a $36.00 target price (up previously from $35.00) on shares of CA in a research note on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a hold rating and set a $32.00 target price on shares of CA in a research note on Monday, August 21st. Finally, Mizuho reaffirmed a hold rating and set a $34.00 target price on shares of CA in a research note on Friday, July 28th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $34.88.
CA (CA) opened at 33.38 on Thursday. The stock has a 50 day moving average price of $32.62 and a 200-day moving average price of $32.62. CA has a 52 week low of $30.01 and a 52 week high of $36.54. The stock has a market cap of $14.06 billion, a P/E ratio of 18.54 and a beta of 0.82.
CA (NASDAQ:CA) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts anticipate that CA will post $2.46 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.06%. The ex-dividend date was Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
In related news, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction that occurred on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ayman Sayed sold 12,920 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $32.19, for a total transaction of $415,894.80. Following the completion of the sale, the insider now owns 114,422 shares in the company, valued at approximately $3,683,244.18. The disclosure for this sale can be found here. Insiders sold 286,056 shares of company stock worth $9,330,507 in the last 90 days. 0.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Oxford Asset Management purchased a new position in shares of CA during the 1st quarter worth $569,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of CA by 51.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 38,872 shares of the technology company’s stock worth $1,233,000 after acquiring an additional 13,262 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of CA by 1.1% during the 1st quarter. Mason Street Advisors LLC now owns 43,321 shares of the technology company’s stock worth $1,374,000 after acquiring an additional 452 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of CA by 30.8% during the 1st quarter. Pacer Advisors Inc. now owns 14,114 shares of the technology company’s stock worth $448,000 after acquiring an additional 3,324 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of CA by 2.4% during the 1st quarter. Prudential Financial Inc. now owns 431,427 shares of the technology company’s stock worth $13,685,000 after acquiring an additional 10,300 shares during the last quarter. Institutional investors own 67.51% of the company’s stock.
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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