Principal Financial Group Inc. Sells 251,540 Shares of CA Inc. (CA)
Principal Financial Group Inc. trimmed its holdings in shares of CA Inc. (NASDAQ:CA) by 27.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 650,724 shares of the technology company’s stock after selling 251,540 shares during the quarter. Principal Financial Group Inc. owned 0.15% of CA worth $21,721,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of CA by 26.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after buying an additional 654 shares in the last quarter. Bessemer Group Inc. raised its position in shares of CA by 419.6% during the 2nd quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock valued at $134,000 after buying an additional 3,126 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of CA by 4.2% during the 2nd quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after buying an additional 169 shares in the last quarter. AT Bancorp purchased a new stake in shares of CA during the 2nd quarter valued at about $165,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of CA during the 2nd quarter valued at about $202,000. Hedge funds and other institutional investors own 68.14% of the company’s stock.
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CA has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued a “hold” rating and issued a $32.00 price objective on shares of CA in a research report on Monday, August 21st. BidaskClub raised shares of CA from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. KeyCorp reissued a “sector weight” rating on shares of CA in a research report on Sunday, September 17th. Credit Suisse Group reissued a “neutral” rating and issued a $34.00 price objective on shares of CA in a research report on Tuesday, September 5th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $36.00 price objective (up from $35.00) on shares of CA in a research report on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.58.
In other CA news, insider Michael P. Gregoire sold 71,235 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $33.38, for a total value of $2,377,824.30. Following the completion of the sale, the insider now directly owns 285,652 shares in the company, valued at $9,535,063.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lauren Patricia Flaherty sold 24,843 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $32.59, for a total transaction of $809,633.37. Following the completion of the sale, the executive vice president now owns 82,000 shares of the company’s stock, valued at $2,672,380. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,427 shares of company stock worth $3,734,332. Insiders own 0.90% of the company’s stock.
CA Inc. (NASDAQ CA) opened at $32.45 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.24 and a current ratio of 1.24. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The stock has a market cap of $13,636.14, a P/E ratio of 14.94, a PEG ratio of 4.34 and a beta of 0.74.
CA (NASDAQ:CA) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.62 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.62. CA had a net margin of 17.83% and a return on equity of 15.74%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm earned $0.67 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. analysts predict that CA Inc. will post 2.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.14%. CA’s dividend payout ratio is presently 58.62%.
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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