CA, Inc. (CA) Given Consensus Recommendation of “Hold” by Brokerages

CA, Inc. (NASDAQ:CA) has been given an average rating of “Hold” by the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $32.73.

CA has been the topic of several research reports. KeyCorp reaffirmed a “sector weight” rating on shares of CA in a research note on Sunday, September 17th. BidaskClub lowered CA from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 21st. Mizuho reaffirmed a “hold” rating and set a $34.00 price target on shares of CA in a research note on Wednesday, October 25th. Barclays cut their price target on CA from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised CA from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Monday, October 30th.

In other CA news, EVP Lauren Patricia Flaherty sold 24,843 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $32.59, for a total value of $809,633.37. Following the completion of the sale, the executive vice president now directly owns 82,000 shares in the company, valued at $2,672,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of CA. Vanguard Group Inc. boosted its position in CA by 22.3% during the second quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock valued at $1,108,792,000 after purchasing an additional 5,855,217 shares during the last quarter. Bank of New York Mellon Corp boosted its position in CA by 12.0% during the third quarter. Bank of New York Mellon Corp now owns 30,244,351 shares of the technology company’s stock valued at $1,009,556,000 after purchasing an additional 3,240,645 shares during the last quarter. BlackRock Inc. boosted its position in CA by 1.5% during the second quarter. BlackRock Inc. now owns 21,017,338 shares of the technology company’s stock valued at $724,466,000 after purchasing an additional 300,439 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in CA by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 5,800,913 shares of the technology company’s stock valued at $199,953,000 after purchasing an additional 170,063 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in CA by 541.5% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 3,150,132 shares of the technology company’s stock valued at $105,151,000 after purchasing an additional 2,659,100 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Shares of CA (NASDAQ:CA) opened at $34.09 on Monday. CA has a 1 year low of $30.45 and a 1 year high of $36.54. The firm has a market capitalization of $14,270.00, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 4.55 and a beta of 0.74. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.24.

CA (NASDAQ:CA) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.05 billion. CA had a return on equity of 15.74% and a net margin of 17.83%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. equities research analysts anticipate that CA will post 2.25 EPS for the current fiscal year.

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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.

Analyst Recommendations for CA (NASDAQ:CA)

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