Northern Trust Corp reduced its stake in CA Inc. (NASDAQ:CA) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,296,528 shares of the technology company’s stock after selling 564,236 shares during the quarter. Northern Trust Corp owned 1.28% of CA worth $182,571,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CA. Fort Pitt Capital Group LLC lifted its holdings in CA by 0.6% during the 1st quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after buying an additional 6,328 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in CA by 11.1% during the 2nd 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 in the last quarter. Teachers Advisors LLC lifted its holdings in CA by 2.4% during the 2nd quarter. Teachers Advisors LLC now owns 1,326,972 shares of the technology company’s stock worth $45,741,000 after buying an additional 31,368 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in CA by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after buying an additional 100 shares in the last quarter. Finally, TLP Group LLC acquired a new stake in CA during the 1st quarter worth approximately $381,000. Hedge funds and other institutional investors own 67.51% of the company’s stock.

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A number of equities research analysts have commented on CA shares. BidaskClub raised shares of CA from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Barclays PLC reissued an “equal weight” rating and issued a $36.00 price objective (up from $35.00) on shares of CA in a research report on Wednesday, August 9th. ValuEngine raised shares of CA from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Mizuho reissued a “hold” rating and issued a $34.00 price objective on shares of CA in a research report on Friday, July 28th. Finally, Zacks Investment Research raised shares of CA from a “sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a research report on Tuesday, July 11th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $34.88.

In other CA news, EVP Jacob Lamm sold 16,349 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $33.45, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ayman Sayed sold 12,920 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $32.19, for a total transaction of $415,894.80. Following the sale, the insider now directly owns 114,422 shares of the company’s stock, valued at $3,683,244.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 286,056 shares of company stock valued at $9,330,507. 0.90% of the stock is owned by insiders.

Shares of CA Inc. (NASDAQ CA) opened at 32.68 on Monday. The company’s 50-day moving average is $32.62 and its 200-day moving average is $32.62. The firm has a market cap of $13.77 billion, a PE ratio of 18.16 and a beta of 0.82. CA Inc. has a 52 week low of $30.01 and a 52 week high of $36.54.

CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share 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 during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts forecast that CA Inc. will post $2.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.02 annualized dividend and a yield of 3.12%. CA’s payout ratio is 56.67%.

About CA

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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