CA Inc. (CA) Shares Bought by Pacad Investment Ltd.
Pacad Investment Ltd. raised its stake in CA Inc. (NASDAQ:CA) by 183.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,800 shares of the technology company’s stock after buying an additional 26,400 shares during the period. Pacad Investment Ltd.’s holdings in CA were worth $1,406,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in CA. Fort Pitt Capital Group LLC increased its stake in CA by 0.6% in the first quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock valued at $31,155,000 after buying an additional 6,328 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in 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. Bank of New York Mellon Corp increased its stake in CA by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock valued at $930,816,000 after buying an additional 2,691,791 shares during the last quarter. TLP Group LLC acquired a new stake in CA during the first quarter valued at approximately $381,000. Finally, Highland Capital Management LLC acquired a new stake in CA during the second quarter valued at approximately $202,000. Institutional investors own 67.48% of the company’s stock.
CA Inc. (NASDAQ CA) opened at 33.18 on Friday. The company’s 50 day moving average price is $32.83 and its 200-day moving average price is $32.53. CA Inc. has a 52 week low of $30.01 and a 52 week high of $36.54. The company has a market capitalization of $13.98 billion, a P/E ratio of 18.43 and a beta of 0.86.
CA (NASDAQ:CA) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. CA’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. Equities research analysts expect that CA Inc. will post $2.46 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Investors 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 3.07%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is 56.67%.
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A number of equities research analysts have issued reports on CA shares. BidaskClub downgraded CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Sanford C. Bernstein restated an “underperform” rating and set a $28.00 price target on shares of CA in a research note on Wednesday, June 28th. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating and set a $38.00 price target for the company in a research note on Tuesday, July 11th. Barclays PLC restated an “equal weight” rating and set a $36.00 price target (up from $35.00) on shares of CA in a research note on Thursday, August 3rd. Finally, Citigroup Inc. boosted their price target on CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, June 28th. Four analysts have rated the stock with a sell rating, nine have given 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 $34.95.
In related news, insider Ayman Sayed sold 18,694 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $32.47, for a total transaction of $606,994.18. Following the sale, the insider now directly owns 120,196 shares of the company’s stock, valued at $3,902,764.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $32.26, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 228,666 shares of company stock worth $7,481,319. 0.90% of the stock is owned by corporate insiders.
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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