CA, Inc. (CA) Shares Bought by Cibc World Markets Corp
Cibc World Markets Corp increased its position in shares of CA, Inc. (NASDAQ:CA) by 192.9% during the first quarter, Holdings Channel reports. The fund owned 67,939 shares of the technology company’s stock after buying an additional 44,745 shares during the period. Cibc World Markets Corp’s holdings in CA were worth $2,155,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in CA. Bank of New York Mellon Corp raised its stake in shares of CA by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 24,311,915 shares of the technology company’s stock valued at $771,175,000 after buying an additional 546,030 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of CA by 4.6% in the fourth quarter. Macquarie Group Ltd. now owns 23,245,474 shares of the technology company’s stock valued at $738,510,000 after buying an additional 1,029,064 shares in the last quarter. State Street Corp raised its stake in shares of CA by 9.7% in the fourth quarter. State Street Corp now owns 14,953,694 shares of the technology company’s stock valued at $475,079,000 after buying an additional 1,323,670 shares in the last quarter. FIL Ltd raised its stake in shares of CA by 16.8% in the fourth quarter. FIL Ltd now owns 7,387,486 shares of the technology company’s stock valued at $234,700,000 after buying an additional 1,060,383 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of CA by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,350,520 shares of the technology company’s stock valued at $170,004,000 after buying an additional 22,777 shares in the last quarter. 68.63% of the stock is owned by institutional investors and hedge funds.
Shares of CA, Inc. (CA) traded up 0.737% during midday trading on Friday, hitting $32.105. The stock had a trading volume of 1,326,089 shares. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 17.354 and a beta of 0.92. The firm’s 50 day moving average price is $32.06 and its 200 day moving average price is $32.05. CA, Inc. has a 52-week low of $30.01 and a 52-week high of $34.99.
CA (NASDAQ:CA) last announced its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. CA had a return on equity of 17.98% and a net margin of 19.64%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 earnings per share. On average, equities research analysts expect that CA, Inc. will post $2.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Tuesday, May 23rd. CA’s payout ratio is 53.97%.
Several research analysts have commented on CA shares. Jefferies Group LLC restated a “buy” rating and issued a $38.00 target price on shares of CA in a research note on Friday, April 28th. Evercore ISI cut CA from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. FIG Partners raised CA to an “outperform” rating and raised their price target for the company from $40.00 to $42.25 in a report on Wednesday, May 3rd. Raymond James Financial, Inc. raised CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Monday, May 8th. Finally, DA Davidson cut CA from a “buy” rating to a “neutral” rating in a report on Monday, April 10th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $35.25.
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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