CA Inc. (NASDAQ:CA) Stock Rating Reaffirmed by Mizuho
Mizuho reissued their hold rating on shares of CA Inc. (NASDAQ:CA) in a research note issued to investors on Friday. The brokerage currently has a $34.00 price target on the technology company’s stock.
A number of other analysts have also recently commented on CA. DA Davidson cut CA from a buy rating to a neutral rating in a research report on Monday, April 10th. Piper Jaffray Companies lifted their price target on CA from $42.00 to $45.00 and gave the stock an overweight rating in a research report on Monday, April 17th. Jefferies Group LLC reaffirmed a buy rating and set a $38.00 price target on shares of CA in a research report on Friday, April 28th. FIG Partners raised CA to an outperform rating and lifted their price target for the stock from $40.00 to $42.25 in a research report on Wednesday, May 3rd. Finally, Raymond James Financial, Inc. raised CA from a market perform rating to an outperform rating and set a $42.00 price target for the company in a research report on Monday, May 8th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. CA presently has a consensus rating of Hold and a consensus price target of $35.02.
CA (NASDAQ:CA) traded down 0.16% on Friday, reaching $30.99. The company’s stock had a trading volume of 116,150 shares. CA has a 1-year low of $30.01 and a 1-year high of $36.54. The firm’s 50 day moving average price is $33.73 and its 200-day moving average price is $32.47. The company has a market capitalization of $12.95 billion, a price-to-earnings ratio of 16.75 and a beta of 0.87.
CA (NASDAQ:CA) last issued its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $996.59 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s revenue was up .3% compared to the same quarter last year. Equities analysts forecast that CA will post $2.38 earnings per share for the current year.
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In related news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total value of $1,075,510.28. Following the completion of the transaction, the insider now owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Fort Pitt Capital Group LLC boosted its position in CA by 0.6% in the first 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 during the last quarter. TLP Group LLC acquired a new position in CA during the first quarter worth $381,000. Highland Capital Management LLC acquired a new position in CA during the second quarter worth $202,000. Cambridge Investment Research Advisors Inc. boosted its position in CA by 24.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,590 shares of the technology company’s stock worth $2,493,000 after buying an additional 15,365 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in CA by 36.4% in the first quarter. Victory Capital Management Inc. now owns 222,795 shares of the technology company’s stock worth $7,067,000 after buying an additional 59,398 shares during the last quarter. 70.67% of the stock is owned by institutional investors.
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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