CA, Inc. (CA) Position Reduced by First Interstate Bank
First Interstate Bank cut its position in shares of CA, Inc. (NASDAQ:CA) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,197 shares of the technology company’s stock after selling 1,053 shares during the period. First Interstate Bank’s holdings in CA were worth $672,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI increased its position in CA by 151.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 40,355 shares of the technology company’s stock worth $1,282,000 after buying an additional 24,337 shares in the last quarter. Aberdeen Asset Management PLC UK increased its position in CA by 65.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 660,146 shares of the technology company’s stock worth $20,973,000 after buying an additional 260,215 shares in the last quarter. Cadence Capital Management LLC increased its position in CA by 12.7% in the fourth quarter. Cadence Capital Management LLC now owns 39,149 shares of the technology company’s stock worth $1,244,000 after buying an additional 4,427 shares in the last quarter. Russell Investments Group Ltd. bought a new position in CA during the fourth quarter worth approximately $15,477,000. Finally, ETRADE Capital Management LLC increased its position in CA by 11.1% in the third quarter. ETRADE Capital Management LLC now owns 87,774 shares of the technology company’s stock worth $2,903,000 after buying an additional 8,744 shares in the last quarter. Institutional investors own 68.63% of the company’s stock.
Shares of CA, Inc. (CA) opened at 32.15 on Wednesday. The company’s 50-day moving average is $32.08 and its 200-day moving average is $32.07. CA, Inc. has a 52-week low of $30.01 and a 52-week high of $34.99. The firm has a market cap of $13.43 billion, a P/E ratio of 17.38 and a beta of 0.92.
CA (NASDAQ:CA) last posted its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.98% and a net margin of 19.64%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. During the same period last year, the business earned $0.60 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. Equities research analysts forecast that CA, Inc. will post $2.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Thursday, May 25th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Tuesday, May 23rd. CA’s payout ratio is 53.97%.
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A number of research analysts have recently commented on CA shares. FIG Partners raised shares of CA to an “outperform” rating and upped their price objective for the company from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of CA in a research note on Sunday, May 14th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of CA in a research note on Friday, May 12th. Raymond James Financial, Inc. raised shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Monday, May 8th. Finally, DA Davidson downgraded shares of CA from a “buy” rating to a “neutral” rating in a research note on Monday, April 10th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $35.25.
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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