BlackRock Advisors LLC Increases Stake in CA, Inc. (CA)
BlackRock Advisors LLC increased its position in CA, Inc. (NYSE:CA) by 9.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 365,757 shares of the company’s stock after buying an additional 31,869 shares during the period. BlackRock Advisors LLC owned about 0.09% of CA worth $12,008,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. First Citizens Bank & Trust Co. acquired a new stake in shares of CA during the second quarter valued at $4,529,000. GW Henssler & Associates Ltd. boosted its stake in shares of CA by 5.9% in the second quarter. GW Henssler & Associates Ltd. now owns 90,447 shares of the company’s stock valued at $2,969,000 after buying an additional 5,073 shares in the last quarter. BP PLC acquired a new stake in shares of CA during the second quarter valued at $1,214,000. Tocqueville Asset Management L.P. boosted its stake in shares of CA by 9.1% in the second quarter. Tocqueville Asset Management L.P. now owns 7,655 shares of the company’s stock valued at $251,000 after buying an additional 638 shares in the last quarter. Finally, Boston Private Wealth LLC boosted its stake in shares of CA by 6.8% in the second quarter. Boston Private Wealth LLC now owns 50,689 shares of the company’s stock valued at $1,664,000 after buying an additional 3,240 shares in the last quarter.
CA, Inc. (NYSE:CA) opened at 33.24 on Friday. The company has a 50-day moving average of $33.33 and a 200 day moving average of $32.42. The firm has a market cap of $13.93 billion and a price-to-earnings ratio of 18.47. CA, Inc. has a 12-month low of $25.18 and a 12-month high of $34.99.
CA (NYSE:CA) last posted its earnings results on Wednesday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The firm earned $999 million during the quarter, compared to analysts’ expectations of $982.21 million. During the same quarter in the prior year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts expect that CA, Inc. will post $2.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Thursday, August 25th were paid a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This is a boost from CA’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.07%.
Several analysts recently weighed in on the stock. Jefferies Group boosted their price objective on shares of CA from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Citigroup Inc. boosted their price objective on shares of CA from $32.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Mizuho cut shares of CA from a “buy” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research note on Thursday, July 14th. Credit Suisse Group AG reissued a “hold” rating and issued a $34.00 price objective on shares of CA in a research note on Monday, August 29th. Finally, Barclays PLC cut shares of CA from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $33.00 to $35.00 in a research note on Friday, July 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. CA currently has a consensus rating of “Hold” and a consensus target price of $35.50.
CA Company Profile
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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