CA Inc. (CA) Receives Average Recommendation of “Hold” from Brokerages
Shares of CA Inc. (NASDAQ:CA) have been given a consensus rating of “Hold” by the twenty-one brokerages that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $32.67.
Several research firms have recently issued reports on CA. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Zacks Investment Research raised shares of CA from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Monday, October 30th. Barclays PLC reissued an “equal weight” rating and issued a $36.00 target price (up previously from $35.00) on shares of CA in a research note on Wednesday, August 9th. Mizuho reissued a “hold” rating and issued a $34.00 target price on shares of CA in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $32.00 target price on shares of CA in a research note on Monday, August 21st.
In other CA news, EVP Lauren Patricia Flaherty sold 24,843 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $32.59, for a total value of $809,633.37. Following the completion of the sale, the executive vice president now owns 82,000 shares in the company, valued at $2,672,380. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jacob Lamm sold 16,349 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $33.45, for a total transaction of $546,874.05. Following the completion of the sale, the executive vice president now owns 45,483 shares of the company’s stock, valued at approximately $1,521,406.35. The disclosure for this sale can be found here. Insiders have sold 112,427 shares of company stock valued at $3,734,332 in the last three months. 0.90% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Belpointe Asset Management LLC acquired a new stake in shares of CA during the 3rd quarter worth about $470,000. Fieldpoint Private Securities LLC bought a new position in CA during the third quarter worth about $101,000. Eii Capital Management Inc. bought a new position in CA during the third quarter worth about $1,774,000. Piedmont Investment Advisors LLC increased its position in CA by 1.9% during the third quarter. Piedmont Investment Advisors LLC now owns 174,224 shares of the technology company’s stock worth $5,816,000 after acquiring an additional 3,252 shares during the period. Finally, California Public Employees Retirement System increased its position in CA by 5.1% during the third quarter. California Public Employees Retirement System now owns 890,473 shares of the technology company’s stock worth $29,724,000 after acquiring an additional 43,101 shares during the period. Institutional investors own 68.14% of the company’s stock.
CA (NASDAQ CA) opened at $32.63 on Friday. The company has a market cap of $13,581.73, a price-to-earnings ratio of 14.89, a P/E/G ratio of 4.33 and a beta of 0.74. CA has a twelve month low of $30.01 and a twelve month high of $36.54. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.
CA (NASDAQ:CA) last announced its earnings results on Wednesday, October 25th. The technology company reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. CA had a net margin of 17.83% and a return on equity of 15.74%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. analysts expect that CA will post 2.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, November 29th. CA’s dividend payout ratio is 58.62%.
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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