CA, Inc. (CA) Stake Increased by Alambic Investment Management L.P.
Alambic Investment Management L.P. raised its position in shares of CA, Inc. (NASDAQ:CA) by 67.8% during the first quarter, Holdings Channel reports. The firm owned 71,810 shares of the technology company’s stock after buying an additional 29,010 shares during the period. Alambic Investment Management L.P.’s holdings in CA were worth $2,278,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Parallel Advisors LLC acquired a new stake in CA during the fourth quarter worth approximately $100,000. Acrospire Investment Management LLC boosted its stake in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock worth $121,000 after buying an additional 2,800 shares during the period. Tompkins Financial Corp boosted its stake in CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock worth $165,000 after buying an additional 4,022 shares during the period. Hefty Wealth Partners boosted its stake in CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock worth $167,000 after buying an additional 5,182 shares during the period. Finally, Creative Planning boosted its stake in CA by 43.9% in the first quarter. Creative Planning now owns 5,989 shares of the technology company’s stock worth $190,000 after buying an additional 1,828 shares during the period. Institutional investors and hedge funds own 68.63% of the company’s stock.
CA, Inc. (NASDAQ:CA) traded up 0.35% during trading on Wednesday, reaching $31.61. The company’s stock had a trading volume of 2,038,631 shares. The company has a market capitalization of $13.21 billion, a PE ratio of 17.09 and a beta of 0.92. The company has a 50 day moving average price of $32.05 and a 200-day moving average price of $32.04. CA, Inc. has a 52 week low of $30.01 and a 52 week high of $34.99.
CA (NASDAQ:CA) last released its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. CA had a return on equity of 17.98% and a net margin of 19.64%. CA’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. Equities research analysts anticipate that CA, Inc. will post $2.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, May 23rd. CA’s payout ratio is 53.97%.
A number of brokerages have recently issued reports on CA. 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 lowered CA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. FIG Partners lowered CA to a “market perform” rating and lifted their price target for the stock from $35.00 to $40.00 in a research note on Tuesday, January 31st. 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. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Friday, April 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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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