Ameriprise Financial Inc. lessened its stake in shares of CA Inc. (NASDAQ:CA) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 637,844 shares of the technology company’s stock after selling 20,278 shares during the quarter. Ameriprise Financial Inc. owned 0.15% of CA worth $21,986,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CA. BlackRock Inc. boosted its stake in CA by 2,711.1% during the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock worth $657,139,000 after buying an additional 19,979,935 shares during the period. Vanguard Group Inc. boosted its stake in CA by 27.8% during the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock worth $834,606,000 after buying an additional 5,729,276 shares during the period. Bank of New York Mellon Corp boosted its stake in CA by 11.1% during the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after buying an additional 2,691,791 shares during the period. FIL Ltd boosted its stake in CA by 13.1% during the first quarter. FIL Ltd now owns 8,352,008 shares of the technology company’s stock worth $264,926,000 after buying an additional 964,522 shares during the period. Finally, First Trust Advisors LP boosted its stake in CA by 15.7% during the second quarter. First Trust Advisors LP now owns 4,441,835 shares of the technology company’s stock worth $153,110,000 after buying an additional 604,026 shares during the period. 67.51% of the stock is owned by institutional investors.

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CA has been the subject of several research analyst reports. 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. ValuEngine raised shares of CA from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. 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 reissued a “hold” rating and set a $32.00 price target on shares of CA in a research report on Monday, August 21st. Finally, Mizuho reissued a “hold” rating and set a $34.00 price target on shares of CA in a research report on Friday, July 28th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.88.

Shares of CA Inc. (CA) opened at 33.38 on Friday. The company has a 50-day moving average of $32.62 and a 200 day moving average of $32.62. The firm has a market cap of $14.06 billion, a PE ratio of 18.54 and a beta of 0.82. CA Inc. has a one year low of $30.01 and a one year high of $36.54.

CA (NASDAQ:CA) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business earned $0.64 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts expect that CA Inc. will post $2.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Tuesday, August 22nd. CA’s dividend payout ratio is presently 56.67%.

In other CA news, insider Ayman Sayed sold 12,920 shares of the company’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 value of $415,894.80. Following the completion of the transaction, the insider now owns 114,422 shares in the company, valued at approximately $3,683,244.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael P. Gregoire sold 71,235 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $33.38, for a total value of $2,377,824.30. Following the completion of the transaction, the insider now owns 285,652 shares of the company’s stock, valued at approximately $9,535,063.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 286,056 shares of company stock valued at $9,330,507. 0.90% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for CA (NASDAQ:CA)

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