Dynamic Technology Lab Private Ltd Lowers Stake in CA, Inc. (CA)
Dynamic Technology Lab Private Ltd decreased its stake in CA, Inc. (NYSE:CA) by 5.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,383 shares of the company’s stock after selling 763 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in CA were worth $439,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in CA. Westpac Banking Corp boosted its stake in CA by 62.4% in the second quarter. Westpac Banking Corp now owns 35,030 shares of the company’s stock valued at $1,066,000 after buying an additional 13,458 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in CA by 69.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,208 shares of the company’s stock worth $138,000 after buying an additional 1,731 shares during the period. Vanguard Group Inc. raised its position in CA by 1.1% in the second quarter. Vanguard Group Inc. now owns 18,980,701 shares of the company’s stock worth $623,137,000 after buying an additional 208,328 shares during the period. Principal Financial Group Inc. raised its position in CA by 133.7% in the second quarter. Principal Financial Group Inc. now owns 1,066,177 shares of the company’s stock worth $35,002,000 after buying an additional 609,931 shares during the period. Finally, AJO LP raised its position in CA by 396.5% in the second quarter. AJO LP now owns 4,336,302 shares of the company’s stock worth $142,361,000 after buying an additional 3,462,924 shares during the period.
Shares of CA, Inc. (NYSE:CA) traded up 0.418% during trading on Wednesday, hitting $32.455. The stock had a trading volume of 71,838 shares. CA, Inc. has a 1-year low of $25.18 and a 1-year high of $34.99. The company has a market cap of $13.60 billion and a PE ratio of 18.031. The firm’s 50 day moving average is $33.70 and its 200 day moving average is $32.23.
CA (NYSE:CA) last released its earnings results on Wednesday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. The business earned $999 million during the quarter, compared to the consensus estimate of $982.21 million. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. Equities research analysts anticipate that CA, Inc. will post $2.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Thursday, August 25th were paid a $0.255 dividend. This is an increase from CA’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, August 23rd. This represents a $1.02 annualized dividend and a yield of 3.16%.
CA has been the topic of a number of recent research reports. Jefferies Group restated a “buy” rating on shares of CA in a research note on Thursday, June 2nd. Zacks Investment Research upgraded CA from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Monday, August 1st. Barclays PLC lowered CA from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $33.00 to $35.00 in a research note on Friday, July 15th. Credit Suisse Group AG restated a “hold” rating and set a $34.00 price objective on shares of CA in a research note on Monday, August 29th. Finally, Citigroup Inc. raised their price objective on CA from $32.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $35.50.
CA, Inc (CA Technologies) is engaged in providing information technology (IT) management software and solutions. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services. The Mainframe Solutions segment products allow customers and partners transform mainframe management.
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