US Bancorp DE cut its stake in shares of CA, Inc. (NASDAQ:CA) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,481 shares of the technology company’s stock after selling 10,636 shares during the period. US Bancorp DE’s holdings in CA were worth $2,812,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in shares of CA by 1.1% in the second quarter. The Manufacturers Life Insurance Company now owns 367,111 shares of the technology company’s stock valued at $12,654,000 after acquiring an additional 4,044 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of CA by 25.3% in the second quarter. Toronto Dominion Bank now owns 106,726 shares of the technology company’s stock valued at $3,678,000 after acquiring an additional 21,532 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in shares of CA by 1,758.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 1,219,309 shares of the technology company’s stock valued at $40,699,000 after acquiring an additional 1,153,717 shares in the last quarter. Oakbrook Investments LLC purchased a new position in shares of CA in the third quarter valued at about $868,000. Finally, Fort Pitt Capital Group LLC lifted its position in shares of CA by 6.0% in the third quarter. Fort Pitt Capital Group LLC now owns 1,036,449 shares of the technology company’s stock valued at $34,597,000 after acquiring an additional 58,785 shares in the last quarter. Institutional investors own 68.98% of the company’s stock.
Shares of CA, Inc. (NASDAQ CA) opened at $34.75 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. CA, Inc. has a 52 week low of $30.45 and a 52 week high of $36.56. The firm has a market capitalization of $14,250.47, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 4.33 and a beta of 0.70.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.02 annualized dividend and a yield of 2.94%. CA’s payout ratio is currently 100.99%.
Several brokerages have recently commented on CA. Argus restated a “buy” rating and issued a $33.70 price objective (down from $40.00) on shares of CA in a research report on Wednesday, February 7th. Evercore ISI reaffirmed a “sell” rating and issued a $36.00 target price on shares of CA in a report on Friday, February 2nd. Zacks Investment Research raised CA from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $41.00 target price on shares of CA in a report on Wednesday, January 31st. Finally, Barclays lifted their target price on CA from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Two equities 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 company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.23.
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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.
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