Rhumbline Advisers increased its stake in shares of CA, Inc. (NASDAQ:CA) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 719,401 shares of the technology company’s stock after purchasing an additional 2,485 shares during the quarter. Rhumbline Advisers owned 0.17% of CA worth $23,942,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of CA. Fieldpoint Private Securities LLC acquired a new stake in CA in the third quarter valued at $101,000. Ffcm LLC lifted its holdings in CA by 1,808.7% in the fourth quarter. Ffcm LLC now owns 3,073 shares of the technology company’s stock valued at $103,000 after acquiring an additional 2,912 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in CA by 56.3% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock valued at $210,000 after acquiring an additional 2,259 shares during the period. Capital One National Association acquired a new stake in CA in the fourth quarter valued at $219,000. Finally, Magnetar Financial LLC acquired a new stake in CA in the third quarter valued at $231,000. 68.89% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on CA shares. Oppenheimer reaffirmed a “hold” rating on shares of CA in a research note on Wednesday, January 31st. Argus reaffirmed a “buy” rating and set a $33.70 price target (down previously from $40.00) on shares of CA in a research note on Wednesday, February 7th. BidaskClub raised CA from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays lifted their price target on CA from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Zacks Investment Research raised CA from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. CA presently has an average rating of “Hold” and a consensus price target of $34.23.
CA (NASDAQ:CA) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.55 by $0.20. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. CA had a return on equity of 16.52% and a net margin of 10.23%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. equities research analysts forecast that CA, Inc. will post 2.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Thursday, February 22nd will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Wednesday, February 21st. CA’s dividend payout ratio is currently 100.99%.
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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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