Zacks Investment Research lowered shares of CA Inc. (NASDAQ:CA) from a buy rating to a hold rating in a research report released on Monday morning.

According to Zacks, “CA is a leading information technology (IT) management software company. We are optimistic about CA’s acquisition strategy, which has enhanced its IT management, software and services portfolio. Moreover, we believe that the diversity of its products and the increased efficiency offered by them will attract customers across sectors, lending stability to its business model. Additionally, CA’s “go to market” sales strategy integrates the commercial functions of sales, marketing, brand management, pricing and consumer insight, which helps it in lowering costs, thereby improving the bottom line. Nonetheless, intensifying competition from peers, an uncertain economic environment, currency headwinds and the weak IT spending forecast by Gartner are other concerns. Notably, shares of the company has underperformed the broader market over the last one year period.”

Other equities research analysts have also issued reports about the company. Jefferies Group LLC restated a buy rating and issued a $38.00 price target on shares of CA in a research report on Friday, April 28th. Oppenheimer Holdings, Inc. restated a market perform rating on shares of CA in a research report on Friday, May 12th. Raymond James Financial, Inc. restated a market perform rating on shares of CA in a research report on Thursday, June 22nd. Citigroup Inc. upped their price target on CA from $34.00 to $36.00 and gave the company a neutral rating in a research report on Wednesday, June 28th. Finally, DA Davidson lowered CA from a buy rating to a neutral rating in a research report on Monday, April 10th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. CA presently has an average rating of Hold and an average target price of $35.10.

Shares of CA (NASDAQ:CA) opened at 34.64 on Monday. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 18.72 and a beta of 0.87. CA has a 1-year low of $30.01 and a 1-year high of $36.54. The stock has a 50 day moving average price of $33.50 and a 200 day moving average price of $32.46.

CA (NASDAQ:CA) last posted its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. CA had a return on equity of 17.15% and a net margin of 19.20%. The business’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. On average, equities analysts anticipate that CA will post $2.38 EPS for the current fiscal year.

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In other CA news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction on 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 directly owns 168,455 shares in the company, valued at $6,000,367.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CA. Parallel Advisors LLC boosted 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 worth $106,000 after buying an additional 107 shares during the period. Acrospire Investment Management LLC boosted 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 worth $121,000 after buying an additional 2,800 shares during the period. CENTRAL TRUST Co boosted its position in CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock worth $159,000 after buying an additional 319 shares during the period. Tompkins Financial Corp boosted its position 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. Finally, Hefty Wealth Partners boosted its position 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. Institutional investors own 70.62% of the company’s stock.

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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Analyst Recommendations for CA (NASDAQ:CA)

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