Los Angeles Capital Management & Equity Research Inc. decreased its stake in CA Inc. (NASDAQ:CA) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 297,507 shares of the technology company’s stock after selling 15,321 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.07% of CA worth $9,931,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in CA. FMR LLC raised its stake in CA by 228.4% during the 1st quarter. FMR LLC now owns 391,816 shares of the technology company’s stock valued at $12,429,000 after acquiring an additional 272,517 shares in the last quarter. Creative Planning raised its stake in CA by 99.6% during the 2nd quarter. Creative Planning now owns 11,953 shares of the technology company’s stock valued at $412,000 after acquiring an additional 5,964 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in CA by 509.0% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 50,890 shares of the technology company’s stock valued at $1,754,000 after acquiring an additional 42,533 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in CA during the 2nd quarter valued at $249,000. Finally, CENTRAL TRUST Co raised its stake in CA by 7.4% during the 2nd quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after acquiring an additional 319 shares in the last quarter. 68.53% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on CA shares. BidaskClub upgraded CA from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. ValuEngine upgraded CA from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. KeyCorp reiterated a “sector weight” rating on shares of CA in a research report on Sunday, September 17th. Barclays PLC reiterated an “equal weight” rating and set a $36.00 price target (up from $35.00) on shares of CA in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $32.00 price target on shares of CA in a research report on Monday, August 21st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.58.
In other news, insider Michael P. Gregoire sold 71,235 shares of CA stock in a transaction on Monday, September 11th. The stock was sold at an average price of $33.38, for a total transaction of $2,377,824.30. Following the transaction, the insider now owns 285,652 shares in the company, valued at $9,535,063.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jacob Lamm sold 16,349 shares of CA stock in a transaction on Monday, September 11th. The shares were sold at an average price of $33.45, for a total value of $546,874.05. Following the transaction, the executive vice president now owns 45,483 shares in the company, valued at approximately $1,521,406.35. The disclosure for this sale can be found here. Insiders have sold 112,427 shares of company stock worth $3,734,332 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.
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CA Inc. (CA) opened at $32.51 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $13,600.00, a price-to-earnings ratio of 14.82, a P/E/G ratio of 4.31 and a beta of 0.74. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54.
CA (NASDAQ:CA) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.62 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.62. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.05 billion. CA had a return on equity of 15.74% and a net margin of 17.83%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. analysts anticipate that CA Inc. will post 2.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.14%. CA’s dividend payout ratio is 58.96%.
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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