CA Inc. (NASDAQ:CA) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.
Other research analysts have also issued reports about the stock. Sanford C. Bernstein restated an “underperform” rating and set a $28.00 price target on shares of CA in a research report on Wednesday, June 28th. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating and set a $38.00 price target for the company in a research report on Tuesday, July 11th. Barclays PLC restated an “equal weight” rating and set a $36.00 price target (up from $35.00) on shares of CA in a research report on Thursday, August 3rd. Finally, Citigroup Inc. boosted their price target on shares of CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, June 28th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. CA presently has a consensus rating of “Hold” and a consensus price target of $34.88.
Shares of CA (NASDAQ CA) traded down 0.77% during midday trading on Thursday, reaching $32.36. The company had a trading volume of 1,889,282 shares. The company has a 50 day moving average price of $32.62 and a 200-day moving average price of $32.62. CA has a one year low of $30.01 and a one year high of $36.54. The firm has a market capitalization of $13.63 billion, a P/E ratio of 17.98 and a beta of 0.82.
CA (NASDAQ:CA) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business earned $0.64 EPS. CA’s revenue was up 2.6% compared to the same quarter last year. On average, analysts anticipate that CA will post $2.46 EPS for the current fiscal year.
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In other CA news, insider Michael P. Gregoire sold 71,235 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $33.38, for a total value of $2,377,824.30. Following the completion of the sale, the insider now directly owns 285,652 shares of the company’s stock, valued at $9,535,063.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam Elster sold 166,621 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the sale, the insider now directly owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold a total of 286,056 shares of company stock valued at $9,330,507 over the last ninety days. 0.90% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of CA. Parallel Advisors LLC lifted its stake in CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock worth $106,000 after purchasing an additional 107 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in CA by 26.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after purchasing an additional 654 shares during the last quarter. Bessemer Group Inc. lifted its stake in CA by 419.6% in the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock worth $134,000 after purchasing an additional 3,126 shares during the last quarter. D.A. Davidson & CO. lifted its stake in CA by 4.2% in the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock worth $145,000 after purchasing an additional 169 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock worth $159,000 after purchasing an additional 319 shares during the last quarter. 67.51% of the stock is owned by institutional investors and hedge funds.
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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