CA, Inc. (CA) Earns “Neutral” Rating from DA Davidson
A number of other research firms also recently commented on CA. FIG Partners upgraded CA to an outperform rating and lifted their price target for the stock from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Jefferies Group LLC reiterated a buy rating and issued a $38.00 price target on shares of CA in a research note on Sunday, May 14th. Piper Jaffray Companies reiterated an overweight rating and issued a $42.00 price target on shares of CA in a research note on Thursday, January 19th. Barclays PLC decreased their price target on CA from $36.00 to $35.00 and set an equal weight rating for the company in a research note on Wednesday, January 25th. Finally, Oppenheimer Holdings Inc. reiterated a market perform rating on shares of CA in a research note on Friday, May 12th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $35.25.
Shares of CA (NASDAQ:CA) opened at 31.50 on Friday. The firm has a market capitalization of $13.16 billion, a price-to-earnings ratio of 17.03 and a beta of 0.92. The stock has a 50 day moving average price of $32.05 and a 200-day moving average price of $32.04. CA has a 52 week low of $30.01 and a 52 week high of $34.99.
CA (NASDAQ:CA) last announced its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. CA had a return on equity of 17.98% and a net margin of 19.64%. The company’s revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. On average, analysts anticipate that CA will post $2.39 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th will be paid a $0.255 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 3.24%. CA’s payout ratio is currently 53.97%.
A number of institutional investors have recently modified their holdings of CA. Parallel Advisors LLC acquired a new stake in CA during the fourth quarter worth $100,000. Acrospire Investment Management LLC boosted 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 worth $121,000 after buying an additional 2,800 shares during the period. Tompkins Financial Corp boosted 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 worth $165,000 after buying an additional 4,022 shares during the period. Hefty Wealth Partners boosted 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 worth $167,000 after buying an additional 5,182 shares during the period. Finally, Penserra Capital Management LLC boosted its stake in CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock worth $179,000 after buying an additional 492 shares during the period. Institutional investors own 68.63% of the company’s stock.
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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