Mizuho restated their hold rating on shares of CA Inc. (NASDAQ:CA) in a research report sent to investors on Friday. The brokerage currently has a $34.00 price objective on the technology company’s stock.
Several other brokerages have also issued reports on CA. Raymond James Financial, Inc. reissued a market perform rating on shares of CA in a research note on Thursday, June 22nd. Citigroup Inc. upped their target price on CA from $34.00 to $36.00 and gave the stock a neutral rating in a research report on Wednesday, June 28th. Sanford C. Bernstein reaffirmed an underperform rating and set a $28.00 target price on shares of CA in a research report on Wednesday, June 28th. Zacks Investment Research lowered CA from a buy rating to a hold rating in a research report on Monday, July 17th. Finally, BidaskClub lowered CA from a hold rating to a sell rating in a research report on Saturday, July 1st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $35.02.
CA (NASDAQ CA) traded down 0.51% during mid-day trading on Friday, reaching $30.94. The company had a trading volume of 5,188,339 shares. CA has a one year low of $30.01 and a one year high of $36.54. The firm has a market capitalization of $12.93 billion, a P/E ratio of 16.72 and a beta of 0.87. The firm’s 50-day moving average is $33.75 and its 200-day moving average is $32.49.
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. CA had a return on equity of 17.15% and a net margin of 19.20%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. On average, equities research analysts anticipate that CA will post $2.38 earnings per share for the current fiscal year.
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In related news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 168,455 shares in the company, valued at $6,000,367.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.90% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Fort Pitt Capital Group LLC increased its position in shares of 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 acquired a new position in shares of CA during the first quarter worth about $381,000. 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 worth $2,493,000 after buying an additional 15,365 shares during the period. 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 worth $7,067,000 after buying an additional 59,398 shares during the period. Finally, Highland Capital Management LLC acquired a new position in shares of CA during the second quarter worth about $202,000. Institutional investors and hedge funds own 70.74% of the company’s stock.
About CA
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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