Lucus Advisors LLC purchased a new stake in CA Inc. (NASDAQ:CA) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 12,900 shares of the technology company’s stock, valued at approximately $409,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park National Corp OH increased its position in shares of CA by 0.3% in the first quarter. Park National Corp OH now owns 8,885 shares of the technology company’s stock valued at $282,000 after buying an additional 28 shares during the period. Cleararc Capital Inc. increased its position in shares of CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock valued at $243,000 after buying an additional 32 shares during the period. Alpha Windward LLC increased its position in shares of CA by 0.7% in the first quarter. Alpha Windward LLC now owns 9,280 shares of the technology company’s stock valued at $294,000 after buying an additional 61 shares during the period. U S Global Investors Inc increased its position in shares of CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock valued at $492,000 after buying an additional 100 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after buying an additional 107 shares during the period. 71.69% of the stock is owned by hedge funds and other institutional investors.
CA Inc. (NASDAQ:CA) traded up 14.12% during mid-day trading on Wednesday, reaching $36.04. The company’s stock had a trading volume of 1,953,309 shares. The stock’s 50 day moving average is $31.93 and its 200 day moving average is $32.09. The firm has a market cap of $15.06 billion, a PE ratio of 19.48 and a beta of 0.92. CA Inc. has a one year low of $30.01 and a one year high of $36.54.
CA (NASDAQ:CA) last posted its earnings results on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $996.59 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. On average, analysts anticipate that CA Inc. will post $2.39 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Tuesday, May 23rd. CA’s dividend payout ratio (DPR) is currently 55.14%.
Several research analysts recently weighed in on CA shares. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Evercore ISI downgraded CA from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. FIG Partners upgraded CA to an “outperform” rating and boosted their target price for the stock from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Jefferies Group LLC restated a “buy” rating and set a $38.00 target price on shares of CA in a research note on Friday, April 28th. Finally, DA Davidson downgraded CA from a “buy” rating to a “neutral” rating in a research note on Monday, April 10th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $35.25.
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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