Somewhat Favorable Press Coverage Somewhat Unlikely to Impact CA (CA) Stock Price
News articles about CA (NASDAQ:CA) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CA earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.933286798822 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Insider Selling: CA Inc. (CA) Insider Sells 18,694 Shares of Stock (americanbankingnews.com)
- Central National Gottesman’s (CNG) Spicers Paper Inc. Acquires Northern California’s JC Paper – Markets Insider (markets.businessinsider.com)
- CA Technologies Helps Secure Health Care Delivery in Louisiana (finance.yahoo.com)
- CA Inc. (CA) Insider Sells $415,894.80 in Stock (americanbankingnews.com)
- PS Business Parks : GLENDALE, California — PS Business Parks, Inc. Announces Departure of Chief Financial Officer (4-traders.com)
Shares of CA (NASDAQ CA) traded down 0.52% during trading on Tuesday, hitting $32.50. 2,695,512 shares of the stock were exchanged. CA has a one year low of $30.01 and a one year high of $36.54. The stock has a market cap of $13.69 billion, a PE ratio of 18.06 and a beta of 0.86. The stock’s 50 day moving average price is $33.40 and its 200 day moving average price is $32.44.
CA (NASDAQ:CA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $0.64 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that CA will post $2.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.14%. CA’s dividend payout ratio (DPR) is 56.67%.
Several brokerages have commented on CA. BidaskClub upgraded shares of CA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 price target (up from $35.00) on shares of CA in a research note on Wednesday, August 9th. Mizuho reiterated a “hold” rating and issued a $34.00 price target on shares of CA in a research note on Friday, July 28th. Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Sanford C. Bernstein reiterated an “underperform” rating and issued a $28.00 price target on shares of CA in a research note on Wednesday, June 28th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $35.09.
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In related news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the transaction, the insider now directly owns 251,356 shares in the company, valued at approximately $8,108,744.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 228,429 shares of company stock valued at $7,473,593. 0.90% of the stock is owned by company insiders.
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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