Wells Fargo & Company MN Decreases Position in CA Inc. (CA)
Wells Fargo & Company MN decreased its position in shares of CA Inc. (NASDAQ:CA) by 9.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,485,729 shares of the technology company’s stock after selling 161,774 shares during the quarter. Wells Fargo & Company MN owned 0.36% of CA worth $51,213,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock valued at $657,139,000 after acquiring an additional 19,979,935 shares during the period. Vanguard Group Inc. lifted its holdings in CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock valued at $834,606,000 after acquiring an additional 5,729,276 shares during the period. Bank of New York Mellon Corp lifted its holdings in CA by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock valued at $930,816,000 after acquiring an additional 2,691,791 shares during the period. FIL Ltd lifted its holdings in CA by 13.1% in the first quarter. FIL Ltd now owns 8,352,008 shares of the technology company’s stock valued at $264,926,000 after acquiring an additional 964,522 shares during the period. Finally, First Trust Advisors LP lifted its holdings in CA by 15.7% in the second quarter. First Trust Advisors LP now owns 4,441,835 shares of the technology company’s stock valued at $153,110,000 after acquiring an additional 604,026 shares during the period. 67.51% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on CA shares. Jefferies Group LLC restated a “buy” rating and issued a $38.00 price objective on shares of CA in a research report on Thursday, June 1st. Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Citigroup Inc. boosted their price objective on CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, June 28th. Sanford C. Bernstein restated an “underperform” rating and issued a $28.00 price objective on shares of CA in a research report on Wednesday, June 28th. Finally, BidaskClub cut CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.88.
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In other news, insider Ayman Sayed sold 12,920 shares of CA stock in a transaction on Friday, August 11th. The stock was sold at an average price of $32.19, for a total value of $415,894.80. Following the completion of the sale, the insider now owns 114,422 shares of the company’s stock, valued at $3,683,244.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jacob Lamm sold 16,349 shares of CA stock in a transaction on Monday, September 11th. The shares were sold at an average price of $33.45, for a total value of $546,874.05. Following the completion of the sale, the executive vice president now directly owns 45,483 shares of the company’s stock, valued at approximately $1,521,406.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 316,250 shares of company stock valued at $10,406,017. Company insiders own 0.90% of the company’s stock.
CA Inc. (CA) opened at 33.10 on Friday. The firm’s 50-day moving average price is $32.51 and its 200-day moving average price is $32.61. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 18.39 and a beta of 0.82.
CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.06. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. CA’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. On average, equities research analysts anticipate that CA Inc. will post $2.46 earnings per share for the current 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 $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
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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