Pensionfund Sabic cut its position in shares of CA, Inc. (NASDAQ:CA) by 7.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 44,300 shares of the technology company’s stock after selling 3,800 shares during the period. Pensionfund Sabic’s holdings in CA were worth $1,405,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Parallel Advisors LLC bought a new stake in shares of CA during the fourth quarter worth $100,000. Creative Planning raised its position in CA by 20.2% in the third quarter. Creative Planning now owns 4,106 shares of the technology company’s stock worth $136,000 after buying an additional 690 shares during the last quarter. Global X Management Co. LLC raised its position in CA by 78.0% in the third quarter. Global X Management Co. LLC now owns 4,162 shares of the technology company’s stock worth $138,000 after buying an additional 1,824 shares during the last quarter. CENTRAL TRUST Co raised its position in CA by 155.8% in the third quarter. CENTRAL TRUST Co now owns 4,315 shares of the technology company’s stock worth $143,000 after buying an additional 2,628 shares during the last quarter. Finally, Crow Point Partners LLC purchased a new position in CA during the third quarter worth about $192,000. Institutional investors own 68.63% of the company’s stock.
CA, Inc. (NASDAQ:CA) traded up 0.03% during mid-day trading on Thursday, hitting $32.01. The stock had a trading volume of 2,268,323 shares. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 16.97 and a beta of 0.92. The stock’s 50 day moving average price is $32.06 and its 200 day moving average price is $32.03. CA, Inc. has a one year low of $29.12 and a one year high of $34.99.
CA (NASDAQ:CA) last issued its quarterly earnings data on Tuesday, January 24th. The technology company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm earned $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. CA had a return on equity of 17.98% and a net margin of 19.64%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 EPS. Analysts forecast that CA, Inc. will post $2.44 EPS for the current year.
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A number of research analysts recently issued reports on CA shares. Zacks Investment Research raised CA from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Tuesday, December 27th. Wells Fargo & Co started coverage on CA in a research note on Wednesday, January 11th. They issued an “underperform” rating on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Wednesday, January 18th. Piper Jaffray Companies reissued an “overweight” rating and issued a $42.00 price target on shares of CA in a research note on Thursday, January 19th. Finally, Barclays PLC lowered their target price on CA from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $36.45.
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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