Norinchukin Bank The trimmed its holdings in shares of CA Inc. (NASDAQ:CA) by 69.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,746 shares of the technology company’s stock after selling 48,582 shares during the period. Norinchukin Bank The’s holdings in CA were worth $750,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Fort Pitt Capital Group LLC raised its stake in shares of CA by 0.6% during the first quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after buying an additional 6,328 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of CA by 11.1% during the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after buying an additional 2,691,791 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of CA by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after buying an additional 100 shares during the last quarter. TLP Group LLC bought a new stake in shares of CA during the first quarter worth approximately $381,000. Finally, Highland Capital Management LLC bought a new stake in shares of CA during the second quarter worth approximately $202,000. 67.51% of the stock is owned by institutional investors and hedge funds.
CA Inc. (NASDAQ CA) opened at 32.90 on Wednesday. The firm has a market cap of $13.86 billion, a PE ratio of 18.28 and a beta of 0.82. The stock has a 50 day moving average of $32.62 and a 200 day moving average of $32.62. CA Inc. has a 12-month low of $30.01 and a 12-month high of $36.54.
CA (NASDAQ:CA) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. The business 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%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share. On average, equities research analysts anticipate that CA Inc. will post $2.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th were issued a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.10%. CA’s dividend payout ratio (DPR) is 56.67%.
In other CA news, insider Michael P. Gregoire sold 71,235 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $33.38, for a total value of $2,377,824.30. Following the completion of the transaction, the insider now owns 285,652 shares in the company, valued at $9,535,063.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ayman Sayed sold 12,920 shares of the 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 transaction, the insider now owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 286,056 shares of company stock valued at $9,330,507. 0.90% of the stock is owned by corporate insiders.
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CA has been the subject of a number of recent research reports. BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $28.00 target price on shares of CA in a research note on Wednesday, June 28th. ValuEngine raised shares of CA from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Zacks Investment Research raised shares of CA from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a research note on Tuesday, July 11th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $36.00 target price (up previously from $35.00) on shares of CA in a research note on Thursday, August 3rd. Four 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. The stock currently has an average rating of “Hold” and an average price target of $34.88.
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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