Financial Advisors Network Inc. increased its position in shares of CA Inc. (NASDAQ:CA) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,902 shares of the technology company’s stock after buying an additional 1,795 shares during the period. CA makes up about 0.8% of Financial Advisors Network Inc.’s holdings, making the stock its 26th largest position. Financial Advisors Network Inc.’s holdings in CA were worth $927,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. Cleararc Capital Inc. increased its stake in CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock worth $243,000 after buying an additional 32 shares during the last quarter. Hefty Wealth Partners increased its stake in CA by 0.6% in the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock worth $183,000 after buying an additional 32 shares during the last quarter. Advisor Partners LLC increased its stake in CA by 0.9% in the second quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock worth $253,000 after buying an additional 64 shares during the last quarter. U S Global Investors Inc increased its stake in CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock worth $492,000 after buying an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in CA by 0.5% in 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. Hedge funds and other institutional investors own 71.09% of the company’s stock.
CA Inc. (CA) opened at 32.37 on Friday. The firm has a market cap of $13.64 billion, a PE ratio of 17.98 and a beta of 0.86. The stock’s 50 day moving average price is $33.21 and its 200-day moving average price is $32.45. 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, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $0.64 earnings per share. Equities research analysts anticipate that CA Inc. will post $2.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.255 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.15%. CA’s payout ratio is 56.67%.
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A number of research firms have recently weighed in on CA. Raymond James Financial, Inc. upgraded CA from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Monday, May 8th. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 target price on shares of CA in a research report on Thursday, June 1st. Zacks Investment Research downgraded CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Citigroup Inc. reiterated a “neutral” rating and set a $34.00 target price (up from $33.00) on shares of CA in a research report on Sunday, May 14th. Finally, Mizuho reiterated a “hold” rating and set a $34.00 target price on shares of CA in a research report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $35.09.
In other CA news, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the sale, the insider now owns 168,455 shares in the company, valued at $6,000,367.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $32.26, for a total value of $5,375,193.46. Following the sale, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold 228,666 shares of company stock worth $7,481,319 in the last 90 days. Company insiders own 0.90% of the company’s stock.
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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