CA, Inc. (CA) Shares Sold by Jarislowsky Fraser Ltd
Jarislowsky Fraser Ltd trimmed its position in CA, Inc. (NASDAQ:CA) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,623,642 shares of the company’s stock after selling 55,697 shares during the quarter. Jarislowsky Fraser Ltd owned about 0.63% of CA worth $87,577,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of CA by 26.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the company’s stock worth $108,000 after purchasing an additional 654 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of CA by 419.6% in the second quarter. Bessemer Group Inc. now owns 3,871 shares of the company’s stock worth $134,000 after purchasing an additional 3,126 shares during the last quarter. D.A. Davidson & CO. grew its holdings in CA by 4.2% during the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the company’s stock worth $145,000 after acquiring an additional 169 shares during the period. CENTRAL TRUST Co grew its holdings in CA by 7.4% during the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the company’s stock worth $159,000 after acquiring an additional 319 shares during the period. Finally, AT Bancorp acquired a new stake in CA during the second quarter worth about $165,000.
CA, Inc. (NASDAQ CA) traded up $0.19 during trading hours on Monday, reaching $32.45. The company’s stock had a trading volume of 1,677,400 shares, compared to its average volume of 2,594,144. CA, Inc. has a 12 month low of $30.01 and a 12 month high of $36.54.
CA (NASDAQ:CA) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 return on equity of 12.22% and a net margin of 17.37%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Thursday, November 30th will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.02 annualized dividend and a yield of 3.14%. CA’s payout ratio is 58.96%.
In other news, EVP Lauren Patricia Flaherty sold 24,843 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was 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 directly owns 82,000 shares of the company’s stock, valued at approximately $2,672,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jacob Lamm sold 16,349 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $33.45, for a total value of $546,874.05. Following the completion of the sale, the executive vice president now directly owns 45,483 shares of the company’s stock, valued at $1,521,406.35. The disclosure for this sale can be found here. Insiders have sold a total of 112,664 shares of company stock valued at $3,742,058 over the last three months.
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CA has been the topic of several analyst reports. BidaskClub raised CA from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. ValuEngine raised CA from a “hold” rating to a “buy” rating in a report on Monday, September 11th. KeyCorp reissued a “sector weight” rating on shares of CA in a report on Sunday, September 17th. Barclays PLC reissued an “equal weight” rating and issued a $36.00 price objective (up from $35.00) on shares of CA in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $32.00 price objective on shares of CA in a report on Monday, August 21st. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. CA currently has an average rating of “Hold” and a consensus price target of $33.67.
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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