CA Inc. (CA) Upgraded at ValuEngine
ValuEngine upgraded shares of CA Inc. (NASDAQ:CA) from a hold rating to a buy rating in a research report released on Monday morning.
Several other equities research analysts have also commented on the stock. Credit Suisse Group reiterated a neutral rating and set a $34.00 price target on shares of CA in a research note on Tuesday, September 5th. Royal Bank Of Canada reiterated a hold rating and set a $32.00 price target on shares of CA in a research note on Monday, August 21st. BidaskClub upgraded shares of CA from a strong sell rating to a sell rating in a research note on Wednesday, August 9th. Barclays PLC reiterated an equal weight rating and set a $36.00 price target (up from $35.00) on shares of CA in a research note on Wednesday, August 9th. Finally, Mizuho reissued a hold rating and set a $34.00 price objective on shares of CA in a research report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned 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 (CA) opened at 33.46 on Monday. The stock’s 50 day moving average is $32.54 and its 200-day moving average is $32.60. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 18.59 and a beta of 0.82. CA has a one year low of $30.01 and a one year high of $36.54.
CA (NASDAQ:CA) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ 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 last year, the business earned $0.64 EPS. CA’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that CA will post $2.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
In other CA news, insider Adam Elster sold 166,621 shares of CA stock in a transaction dated Monday, August 7th. The shares were 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 owns 251,356 shares in the company, valued at $8,108,744.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ayman Sayed sold 30,194 shares of CA stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the transaction, the insider now owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 316,250 shares of company stock worth $10,406,017. 0.90% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in CA by 22.3% during the second quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock worth $1,108,792,000 after acquiring an additional 5,855,217 shares during the last quarter. Bank of New York Mellon Corp raised its position 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 acquiring an additional 2,691,791 shares during the last quarter. Macquarie Group Ltd. raised its position in CA by 2.1% during the first quarter. Macquarie Group Ltd. now owns 23,725,398 shares of the technology company’s stock worth $752,570,000 after acquiring an additional 479,924 shares during the last quarter. BlackRock Inc. raised its position in CA by 1.5% during the second quarter. BlackRock Inc. now owns 21,017,338 shares of the technology company’s stock worth $724,466,000 after acquiring an additional 300,439 shares during the last quarter. Finally, Bank of America Corp DE raised its position in CA by 1.0% during the first quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock worth $498,611,000 after acquiring an additional 154,092 shares during the last quarter. Institutional investors own 67.51% of the company’s stock.
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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