CA Inc. (CA) Receives “Market Perform” Rating from Raymond James Financial, Inc.

Raymond James Financial, Inc. restated their market perform rating on shares of CA Inc. (NASDAQ:CA) in a report issued on Thursday.

Several other analysts have also commented on CA. Evercore ISI lowered CA from a hold rating to an underperform rating in a report on Friday, March 3rd. Jefferies Group LLC restated a buy rating and issued a $38.00 target price on shares of CA in a research report on Tuesday, March 7th. Zacks Investment Research upgraded CA from a sell rating to a hold rating in a research report on Tuesday, March 28th. DA Davidson downgraded CA from a buy rating to a neutral rating in a research report on Monday, April 10th. Finally, Piper Jaffray Companies raised their target price on CA from $42.00 to $45.00 and gave the company an overweight rating in a research report on Monday, April 17th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. CA has a consensus rating of Hold and an average price target of $35.25.

CA (NASDAQ CA) traded down 0.31% on Thursday, reaching $35.00. The company had a trading volume of 1,730,062 shares. CA has a 1-year low of $30.01 and a 1-year high of $35.11. The stock’s 50 day moving average is $31.93 and its 200-day moving average is $32.09. The stock has a market capitalization of $14.62 billion, a P/E ratio of 18.92 and a beta of 0.92.

CA (NASDAQ:CA) last issued its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, beating the 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 company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. During the same period last year, the company earned $0.60 earnings per share. CA’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities analysts predict that CA will post $2.39 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 2.91%. CA’s payout ratio is 55.14%.

In related news, insider Ayman Sayed sold 30,194 shares of CA stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the transaction, the insider now owns 168,455 shares in the company, valued at $6,000,367.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.79% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Hanlon Investment Management Inc. bought a new position in shares of CA during the fourth quarter worth approximately $2,832,000. IFM Investors Pty Ltd bought a new position in shares of CA during the fourth quarter worth approximately $256,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of CA during the fourth quarter worth approximately $45,335,000. Pinnacle Financial Partners Inc. increased its position in shares of CA by 29.6% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 20,016 shares of the technology company’s stock worth $636,000 after buying an additional 4,568 shares during the last quarter. Finally, United Capital Financial Advisers LLC increased its position in shares of CA by 9.8% in the fourth quarter. United Capital Financial Advisers LLC now owns 16,860 shares of the technology company’s stock worth $536,000 after buying an additional 1,508 shares during the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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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