Security National Bank of Sioux City Iowa IA increased its position in shares of CA Inc. (NASDAQ:CA) by 2.4% during the first quarter, Holdings Channel reports. The firm owned 26,612 shares of the technology company’s stock after buying an additional 615 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in CA were worth $844,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. Fort Pitt Capital Group LLC increased its position in CA by 0.6% in the first quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after buying an additional 6,328 shares during the period. TLP Group LLC bought a new position in shares of CA during the first quarter valued at $381,000. Victory Capital Management Inc. increased its position in shares of CA by 36.4% in the first quarter. Victory Capital Management Inc. now owns 222,795 shares of the technology company’s stock valued at $7,067,000 after buying an additional 59,398 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of CA by 24.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,590 shares of the technology company’s stock valued at $2,493,000 after buying an additional 15,365 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of CA by 30.8% in the first quarter. Pacer Advisors Inc. now owns 14,114 shares of the technology company’s stock valued at $448,000 after buying an additional 3,324 shares during the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.
Shares of CA Inc. (NASDAQ:CA) traded up 0.14% during mid-day trading on Tuesday, hitting $34.86. The stock had a trading volume of 650,684 shares. The firm has a 50 day moving average price of $31.93 and a 200 day moving average price of $32.09. CA Inc. has a 52-week low of $30.01 and a 52-week high of $34.99. The firm has a market cap of $14.56 billion, a PE ratio of 18.84 and a beta of 0.92.
CA (NASDAQ:CA) last issued its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $996.59 million. CA had a return on equity of 17.15% and a net margin of 19.20%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. Equities analysts predict that CA Inc. will post $2.39 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.93%. The ex-dividend date was Tuesday, May 23rd. CA’s dividend payout ratio (DPR) is presently 55.14%.
Several equities research analysts recently commented on CA shares. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 target price on shares of CA in a research report on Friday, April 28th. Evercore ISI cut CA from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. FIG Partners raised CA to an “outperform” rating and lifted their price objective for the company from $40.00 to $42.25 in a research report on Wednesday, May 3rd. Finally, DA Davidson cut CA from a “buy” rating to a “neutral” rating in a research report on Monday, April 10th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $35.25.
In related news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total value of $1,075,510.28. Following the transaction, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.
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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