Meeder Asset Management Inc. Sells 4,207 Shares of CA Inc. (CA)
Meeder Asset Management Inc. reduced its stake in shares of CA Inc. (NASDAQ:CA) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 139,211 shares of the technology company’s stock after selling 4,207 shares during the period. Meeder Asset Management Inc.’s holdings in CA were worth $4,415,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Global X Management Co. LLC raised its stake in shares of CA by 30.2% in the first quarter. Global X Management Co. LLC now owns 7,880 shares of the technology company’s stock valued at $250,000 after buying an additional 1,826 shares during the period. Koch Industries Inc. acquired a new stake in shares of CA during the first quarter valued at $494,000. Thrivent Financial For Lutherans raised its stake in shares of CA by 1.9% in the first quarter. Thrivent Financial For Lutherans now owns 65,542 shares of the technology company’s stock valued at $2,079,000 after buying an additional 1,210 shares during the period. Cleararc Capital Inc. raised its stake in shares of CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock valued at $243,000 after buying an additional 32 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of CA by 0.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 200,577 shares of the technology company’s stock valued at $6,362,000 after buying an additional 1,256 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.
CA Inc. (NASDAQ CA) traded down 0.63% during mid-day trading on Friday, hitting $31.64. The company had a trading volume of 1,680,226 shares. The firm has a market cap of $13.22 billion, a P/E ratio of 17.10 and a beta of 0.92. CA Inc. has a 52-week low of $30.01 and a 52-week high of $34.99. The stock’s 50 day moving average price is $32.02 and its 200 day moving average price is $32.08.
CA (NASDAQ:CA) last posted its earnings results on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, beating the 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 firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $996.59 million. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue was up .3% compared to the same quarter last year. On average, equities research analysts predict that CA Inc. will post $2.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, May 23rd. CA’s payout ratio is currently 55.14%.
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CA has been the topic of several research analyst reports. Evercore ISI lowered CA from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of CA in a research report on Tuesday, March 7th. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. DA Davidson lowered CA from a “buy” rating to a “neutral” rating in a research report on Monday, April 10th. Finally, 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. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. CA currently has a consensus rating of “Hold” and a consensus price target of $35.25.
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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