Global X Management Co. LLC boosted its position in shares of CA Inc. (NASDAQ:CA) by 30.2% during the first quarter, Holdings Channel reports. The institutional investor owned 7,880 shares of the technology company’s stock after buying an additional 1,826 shares during the period. Global X Management Co. LLC’s holdings in CA were worth $250,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Fort Pitt Capital Group LLC raised its stake 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 stake in CA during the first quarter worth about $381,000. Victory Capital Management Inc. raised its stake in CA by 36.4% in the first quarter. Victory Capital Management Inc. now owns 222,795 shares of the technology company’s stock worth $7,067,000 after buying an additional 59,398 shares during the period. Pacer Advisors Inc. raised its stake in CA by 30.8% in the first quarter. Pacer Advisors Inc. now owns 14,114 shares of the technology company’s stock worth $448,000 after buying an additional 3,324 shares during the period. Finally, M&T Bank Corp raised its stake in CA by 3.1% in the first quarter. M&T Bank Corp now owns 740,408 shares of the technology company’s stock worth $23,485,000 after buying an additional 22,308 shares during the period. 71.69% of the stock is owned by institutional investors.
CA Inc. (CA) opened at 34.98 on Friday. The company’s 50-day moving average is $31.93 and its 200 day moving average is $32.09. The company has a market cap of $14.62 billion, a price-to-earnings ratio of 18.91 and a beta of 0.92. CA Inc. has a 12 month low of $30.01 and a 12 month high of $35.11.
CA (NASDAQ:CA) last released its earnings results on Thursday, May 11th. The technology company reported $0.54 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 business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. Equities analysts forecast that CA Inc. will post $2.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Tuesday, May 23rd. CA’s payout ratio is 55.14%.
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A number of analysts have recently issued reports on CA shares. Evercore ISI lowered shares of CA from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price target on shares of CA in a research report on Tuesday, March 7th. Zacks Investment Research raised shares of CA from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. DA Davidson lowered shares of CA from a “buy” rating to a “neutral” rating in a research report on Monday, April 10th. Finally, Piper Jaffray Companies increased their price target on shares of CA from $42.00 to $45.00 and gave the stock 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. CA currently has an average rating of “Hold” and an average price target of $35.25.
In other CA news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.79% 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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