CA Inc. (NASDAQ:CA)‘s stock had its “neutral” rating reiterated by investment analysts at DA Davidson in a research note issued on Friday, May 19th. They presently have a $12.00 target price on the technology company’s stock. DA Davidson’s target price would indicate a potential downside of 62.11% from the stock’s current price.
CA has been the subject of several other research reports. Hovde Group reiterated an “outperform” rating and set a $39.00 target price (up previously from $37.00) on shares of CA in a research note on Sunday, January 29th. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 target price on shares of CA in a research note on Wednesday, January 25th. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. FIG Partners lowered shares of CA to a “market perform” rating and boosted their target price for the company from $35.00 to $40.00 in a research note on Tuesday, January 31st. Finally, Evercore ISI lowered shares of CA from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. CA has a consensus rating of “Hold” and a consensus price target of $35.25.
CA (CA) traded down 0.53% on Friday, hitting $31.67. 9,378,782 shares of the company were exchanged. The firm has a 50 day moving average of $31.99 and a 200-day moving average of $32.08. The stock has a market cap of $13.23 billion, a PE ratio of 17.12 and a beta of 0.92. CA has a 52-week low of $30.01 and a 52-week high of $34.99.
CA (NASDAQ:CA) last released its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. CA had a net margin of 19.20% and a return on equity of 17.15%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities analysts expect that CA will post $2.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.22%. The ex-dividend date was Tuesday, May 23rd. CA’s payout ratio is currently 55.14%.
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A number of large investors have recently bought and sold shares of the company. Parallel Advisors LLC bought a new stake in CA during the fourth quarter valued at $100,000. Acrospire Investment Management LLC increased its stake in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares during the last quarter. Tompkins Financial Corp increased its stake in CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock valued at $165,000 after buying an additional 4,022 shares during the last quarter. Hefty Wealth Partners increased its stake in CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock valued at $167,000 after buying an additional 5,182 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock valued at $179,000 after buying an additional 492 shares during the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.
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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