BidaskClub downgraded shares of CA (NASDAQ:CA) from a buy rating to a hold rating in a report released on Thursday.
Several other equities research analysts have also commented on the stock. Argus restated a buy rating and set a $33.70 target price (down from $40.00) on shares of CA in a research report on Wednesday, February 7th. Evercore ISI restated a sell rating and set a $36.00 target price on shares of CA in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of CA from a hold rating to a buy rating and set a $40.00 target price on the stock in a research report on Friday, February 2nd. Jefferies Group restated a buy rating and set a $41.00 target price on shares of CA in a research report on Wednesday, January 31st. Finally, Barclays boosted their target price on shares of CA from $34.00 to $37.00 and gave the stock an equal weight rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. CA presently has an average rating of Hold and a consensus price target of $34.23.
CA (CA) opened at $35.79 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $14,921.71, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 4.53 and a beta of 0.69. CA has a 12 month low of $30.45 and a 12 month high of $37.25.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Thursday, February 22nd were given a $0.255 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.02 annualized dividend and a dividend yield of 2.85%. CA’s dividend payout ratio is presently 100.99%.
In related news, EVP Lauren Patricia Flaherty sold 10,793 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $36.75, for a total value of $396,642.75. Following the completion of the transaction, the executive vice president now owns 71,123 shares of the company’s stock, valued at approximately $2,613,770.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacob Lamm sold 77,610 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $36.77, for a total transaction of $2,853,719.70. Following the completion of the transaction, the executive vice president now directly owns 71,223 shares of the company’s stock, valued at approximately $2,618,869.71. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in CA. Fieldpoint Private Securities LLC acquired a new position in shares of CA during the 3rd quarter valued at about $101,000. Ffcm LLC increased its stake in shares of CA by 1,808.7% during the 4th quarter. Ffcm LLC now owns 3,073 shares of the technology company’s stock valued at $103,000 after acquiring an additional 2,912 shares during the last quarter. Avestar Capital LLC acquired a new position in shares of CA during the 4th quarter valued at about $103,000. Captrust Financial Advisors acquired a new position in shares of CA during the 4th quarter valued at about $148,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of CA by 56.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock valued at $210,000 after acquiring an additional 2,259 shares during the last quarter. 68.01% of the stock is owned by hedge funds and other institutional investors.
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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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