Vanguard Group Inc. Increases Stake in CA Inc. (CA)
Vanguard Group Inc. increased its stake in CA Inc. (NASDAQ:CA) by 27.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,311,643 shares of the technology company’s stock after buying an additional 5,729,276 shares during the period. Vanguard Group Inc. owned 0.06% of CA worth $834,606,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC bought a new position in shares of CA during the fourth quarter valued at $100,000. Acrospire Investment Management LLC raised its position in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares during the period. Tompkins Financial Corp raised its position in CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock valued at $165,000 after buying an additional 4,022 shares during the period. Hefty Wealth Partners raised its position in CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock valued at $167,000 after buying an additional 5,182 shares during the period. Finally, Penserra Capital Management LLC raised its position in CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock valued at $179,000 after buying an additional 492 shares during the period. 71.69% of the stock is owned by institutional investors.
CA Inc. (NASDAQ CA) traded down 0.675% during mid-day trading on Friday, hitting $31.625. 1,931,416 shares of the company’s stock were exchanged. The stock has a market capitalization of $13.21 billion, a P/E ratio of 17.095 and a beta of 0.92. The firm has a 50 day moving average of $32.02 and a 200 day moving average of $32.08. CA Inc. has a 52 week low of $30.01 and a 52 week high of $34.99.
CA (NASDAQ:CA) last issued its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. CA had a net margin of 19.20% and a return on equity of 17.15%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue was up .3% on a year-over-year basis. Equities analysts forecast that CA Inc. will post $2.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 3.20%. CA’s payout ratio is presently 55.14%.
Several research analysts have recently commented on the stock. Evercore ISI lowered shares of CA from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of CA in a report on Tuesday, March 7th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $34.00 price target (up from $33.00) on shares of CA in a report on Sunday, May 14th. Zacks Investment Research downgraded shares of CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Finally, Raymond James Financial, Inc. upgraded shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research report on Monday, May 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price 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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