CA Inc. (NASDAQ:CA) EVP Jacob Lamm sold 16,349 shares of CA stock in a transaction on Monday, September 11th. The shares were sold at an average price of $33.45, for a total transaction of $546,874.05. Following the completion of the sale, the executive vice president now directly owns 45,483 shares of the company’s stock, valued at $1,521,406.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of CA Inc. (CA) opened at 32.68 on Friday. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The stock has a market cap of $13.77 billion, a PE ratio of 18.16 and a beta of 0.82. The firm’s 50-day moving average is $32.62 and its 200 day moving average is $32.62.
CA (NASDAQ:CA) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $0.64 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts predict that CA Inc. will post $2.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
Several research firms have recently issued reports on CA. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price target on shares of CA in a research report on Thursday, June 1st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Citigroup Inc. upped their target price on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, June 28th. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $28.00 target price on shares of CA in a report on Wednesday, June 28th. Finally, BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. CA currently has an average rating of “Hold” and an average price target of $34.88.
Institutional investors and hedge funds have recently modified their holdings of the business. Fort Pitt Capital Group LLC increased its stake in shares of CA by 0.6% in the 1st quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after acquiring an additional 6,328 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of CA by 11.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after acquiring an additional 2,691,791 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of CA by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after acquiring an additional 100 shares during the last quarter. TLP Group LLC acquired a new stake in shares of CA in the 1st quarter worth $381,000. Finally, Highland Capital Management LLC acquired a new stake in shares of CA in the 2nd quarter worth $202,000. 67.51% 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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