Miles Capital Inc. Purchases 4,262 Shares of CA, Inc. (CA)
Miles Capital Inc. lifted its position in shares of CA, Inc. (NASDAQ:CA) by 14.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,979 shares of the technology company’s stock after buying an additional 4,262 shares during the quarter. Miles Capital Inc.’s holdings in CA were worth $1,137,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Sun Life Financial INC grew its position in shares of CA by 3,772.8% during the 2nd quarter. Sun Life Financial INC now owns 6,700 shares of the technology company’s stock worth $231,000 after buying an additional 6,527 shares in the last quarter. QS Investors LLC grew its position in shares of CA by 31.0% during the 2nd quarter. QS Investors LLC now owns 198,467 shares of the technology company’s stock worth $6,841,000 after buying an additional 46,930 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of CA during the 2nd quarter worth $1,200,000. Ontario Teachers Pension Plan Board grew its position in shares of CA by 20.2% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 250,940 shares of the technology company’s stock worth $8,650,000 after buying an additional 42,247 shares in the last quarter. Finally, OxFORD Asset Management LLP grew its position in shares of CA by 727.0% during the 2nd quarter. OxFORD Asset Management LLP now owns 148,446 shares of the technology company’s stock worth $5,117,000 after buying an additional 130,497 shares in the last quarter. 67.51% of the stock is currently owned by institutional investors and hedge funds.
CA, Inc. (CA) traded up 1.12% during midday trading on Friday, reaching $33.38. The company’s stock had a trading volume of 1,322,320 shares. CA, Inc. has a 1-year low of $30.01 and a 1-year high of $36.54. The firm has a market capitalization of $14.06 billion, a PE ratio of 18.54 and a beta of 0.82. The stock’s 50-day moving average price is $32.62 and its 200 day moving average price is $32.62.
CA (NASDAQ:CA) last released its 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 return on equity of 12.22% and a net margin of 17.37%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $0.64 EPS. CA’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities analysts anticipate that CA, Inc. will post $2.46 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th were given a dividend of $0.255 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $1.02 annualized dividend and a dividend yield of 3.06%. CA’s dividend payout ratio is currently 56.67%.
CA has been the topic of a number of recent research reports. Barclays PLC reissued an “equal weight” rating and set a $36.00 price target (up previously from $35.00) on shares of CA in a research report on Thursday, August 3rd. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating and set a $38.00 price target on the stock in a research report on Tuesday, July 11th. ValuEngine raised CA from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. BidaskClub raised CA from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $38.00 price target on shares of CA in a research report on Wednesday, June 21st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $34.88.
In other news, insider Ayman Sayed sold 12,920 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $32.19, for a total transaction of $415,894.80. Following the completion of the transaction, the insider now directly owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 286,056 shares of company stock valued at $9,330,507. 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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