CA Inc. (NASDAQ:CA) Shares Bought by Summit Securities Group LLC
Summit Securities Group LLC increased its position in CA Inc. (NASDAQ:CA) by 90.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,320 shares of the technology company’s stock after buying an additional 12,024 shares during the period. Summit Securities Group LLC’s holdings in CA were worth $873,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of CA. Parallel Advisors LLC raised its stake 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 raised 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. Bessemer Group Inc. raised its stake in CA by 419.6% in the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock worth $134,000 after buying an additional 3,126 shares during the period. CENTRAL TRUST Co raised its stake 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. Finally, Tompkins Financial Corp raised 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. 70.49% of the stock is owned by institutional investors and hedge funds.
CA Inc. (NASDAQ CA) opened at 32.05 on Friday. The firm has a market cap of $13.50 billion, a P/E ratio of 17.81 and a beta of 0.86. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The firm’s 50-day moving average price is $33.62 and its 200 day moving average price is $32.42.
CA (NASDAQ:CA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that CA Inc. will post $2.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
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A number of equities analysts recently commented on the company. Citigroup Inc. restated a “neutral” rating and issued a $34.00 price objective (up previously from $33.00) on shares of CA in a report on Sunday, May 14th. Zacks Investment Research downgraded CA from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. DA Davidson restated a “neutral” rating and issued a $12.00 price objective on shares of CA in a report on Friday, May 19th. BidaskClub downgraded CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Four research 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. The stock has an average rating of “Hold” and a consensus target price of $35.09.
In other news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the sale, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,489 shares of company stock worth $6,472,070. Company insiders own 0.90% 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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