LS Investment Advisors LLC Purchases 913 Shares of CA Inc. (NASDAQ:CA)

LS Investment Advisors LLC raised its position in CA Inc. (NASDAQ:CA) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,567 shares of the technology company’s stock after buying an additional 913 shares during the period. LS Investment Advisors LLC’s holdings in CA were worth $674,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in shares of CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock worth $106,000 after buying an additional 107 shares in the last quarter. Acrospire Investment Management LLC increased its stake in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares during the period. CENTRAL TRUST Co increased its stake in CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after buying an additional 319 shares during the period. Tompkins Financial Corp increased its stake in CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock valued at $165,000 after buying an additional 4,022 shares during the period. Finally, Hefty Wealth Partners increased its stake in CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock valued at $167,000 after buying an additional 5,182 shares during the period. 71.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of CA Inc. (NASDAQ CA) traded down 0.03% during mid-day trading on Friday, reaching $32.37. 2,864,650 shares of the company traded hands. The stock has a market capitalization of $13.64 billion, a PE ratio of 17.98 and a beta of 0.86. The stock’s 50 day moving average is $33.21 and its 200 day moving average is $32.45. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54.

CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company posted $0.64 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. On average, analysts anticipate that CA Inc. will post $2.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.15%. CA’s dividend payout ratio (DPR) is presently 56.67%.

Several equities research analysts have recently issued reports on CA shares. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Sanford C. Bernstein reissued an “underperform” rating and issued a $28.00 price target on shares of CA in a research report on Wednesday, June 28th. Citigroup Inc. lifted their price objective on shares of CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, June 28th. Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Four investment 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 has an average rating of “Hold” and an average price target of $35.09.

In other news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the completion of the sale, the insider now directly owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ayman Sayed sold 18,694 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $32.47, for a total value of $606,994.18. Following the sale, the insider now directly owns 120,196 shares of the company’s stock, valued at $3,902,764.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 228,666 shares of company stock valued at $7,481,319. 0.90% of the stock is currently owned by company insiders.

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.