CA Inc. (CA) Short Interest Update
CA Inc. (NASDAQ:CA) saw a significant decrease in short interest in July. As of July 31st, there was short interest totalling 8,865,754 shares, a decrease of 12.4% from the July 14th total of 10,119,802 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily volume of 4,137,396 shares, the short-interest ratio is currently 2.1 days.
In other news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total value of $1,075,510.28. Following the transaction, the insider now directly owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the transaction, 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. Insiders sold 197,489 shares of company stock valued at $6,472,070 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. 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 technology company’s stock valued at $108,000 after buying an additional 654 shares during the last quarter. Parallel Advisors LLC raised its position in CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after buying an additional 107 shares in the last quarter. Acrospire Investment Management LLC raised its position in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares in the last quarter. Bessemer Group Inc. raised its position in CA by 419.6% in the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock valued at $134,000 after buying an additional 3,126 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in CA by 4.2% in the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after buying an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 70.49% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. Citigroup Inc. reaffirmed a “neutral” rating and issued a $34.00 price target (up from $33.00) on shares of CA in a research note on Sunday, May 14th. Zacks Investment Research downgraded shares of CA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. DA Davidson reaffirmed a “neutral” rating and issued a $12.00 price target on shares of CA in a research note on Friday, May 19th. BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. CA has an average rating of “Hold” and a consensus target price of $35.09.
CA (CA) opened at 31.99 on Friday. The firm has a market capitalization of $13.48 billion, a P/E ratio of 17.77 and a beta of 0.86. The firm’s 50-day moving average is $33.53 and its 200 day moving average is $32.42. CA has a 52-week low of $30.01 and a 52-week high of $36.54.
CA (NASDAQ:CA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business earned $0.64 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. Equities analysts anticipate that CA will post $2.45 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.02 annualized dividend and a yield of 3.19%. CA’s payout ratio is currently 56.67%.
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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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