CA Inc. (NASDAQ:CA)‘s stock had its “hold” rating reissued by investment analysts at Mizuho in a research note issued to investors on Friday, July 28th. They currently have a $34.00 price target on the technology company’s stock. Mizuho’s target price suggests a potential upside of 4.45% from the company’s previous close.
CA has been the topic of several other research reports. Piper Jaffray Companies upped their price objective on shares of CA from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, April 17th. Raymond James Financial, Inc. upgraded shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Monday, May 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price target on shares of CA in a report on Thursday, June 1st. Zacks Investment Research cut shares of CA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $34.00 price objective (up previously from $33.00) on shares of CA in a research note on Sunday, May 14th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.09.
Shares of CA (NASDAQ CA) traded up 1.02% on Friday, reaching $32.55. 3,356,785 shares of the company were exchanged. CA has a 12-month low of $30.01 and a 12-month high of $36.54. The firm has a 50 day moving average price of $33.70 and a 200-day moving average price of $32.45. The stock has a market capitalization of $13.51 billion, a PE ratio of 18.08 and a beta of 0.86.
CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. On average, analysts predict that CA will post $2.45 EPS for the current fiscal year.
In other CA news, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction 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 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 available at the SEC website. Company insiders own 0.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of CA. BlackRock Inc. raised its position in CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock valued at $657,139,000 after buying an additional 19,979,935 shares in the last quarter. Vanguard Group Inc. raised its position in CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock valued at $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 shares of CA by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after buying an additional 2,691,791 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of 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. Finally, FIL Ltd increased its stake in shares of CA by 13.1% in the first quarter. FIL Ltd now owns 8,352,008 shares of the technology company’s stock worth $264,926,000 after buying an additional 964,522 shares during the last quarter. Institutional investors and hedge funds own 70.49% 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.
Receive News & Ratings for CA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
