Glenmede Trust Co. NA held its stake in CA Inc. (NASDAQ:CA) during the first quarter, Holdings Channel reports. The institutional investor owned 159,332 shares of the technology company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in CA were worth $5,061,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in CA. Vanguard Group Inc. raised its stake in shares of CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock worth $834,606,000 after buying an additional 5,729,276 shares in the last quarter. Bank of New York Mellon Corp increased its stake in CA by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 24,311,915 shares of the technology company’s stock worth $771,175,000 after buying an additional 546,030 shares during the last quarter. Macquarie Group Ltd. increased its stake in CA by 4.6% in the fourth quarter. Macquarie Group Ltd. now owns 23,245,474 shares of the technology company’s stock worth $738,510,000 after buying an additional 1,029,064 shares during the last quarter. BlackRock Inc. increased its stake in CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock worth $657,139,000 after buying an additional 19,979,935 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in CA by 1.0% in the first quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock worth $498,611,000 after buying an additional 154,092 shares during the last quarter. 71.69% of the stock is owned by institutional investors.
Shares of CA Inc. (NASDAQ:CA) traded up 0.26% during trading on Monday, hitting $35.07. 445,197 shares of the stock were exchanged. The company has a market cap of $14.65 billion, a P/E ratio of 18.96 and a beta of 0.92. CA Inc. has a 1-year low of $30.01 and a 1-year high of $35.27. The firm’s 50-day moving average is $31.93 and its 200 day moving average is $32.09.
CA (NASDAQ:CA) last announced its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $996.59 million. CA had a net margin of 19.20% and a return on equity of 17.15%. CA’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities analysts forecast that CA Inc. will post $2.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were given a $0.255 dividend. The ex-dividend date was Tuesday, May 23rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.92%. CA’s payout ratio is presently 55.14%.
A number of research firms recently commented on CA. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of CA in a report on Thursday. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of CA in a research note on Wednesday, June 21st. DA Davidson reiterated a “neutral” rating and issued a $12.00 price objective on shares of CA in a research note on Friday, May 19th. Zacks Investment Research lowered shares of CA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $34.00 price objective (up previously from $33.00) on shares of CA in a research note on Sunday, May 14th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $35.25.
In other news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total value of $1,075,510.28. Following the completion of the sale, the insider now owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The sale was disclosed in a document filed with the SEC, which is available at 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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