CA Inc. (CA) Shares Bought by Johnson Financial Group Inc.
Johnson Financial Group Inc. increased its stake in shares of CA Inc. (NASDAQ:CA) by 1.4% during the first quarter, Holdings Channel reports. The fund owned 51,763 shares of the technology company’s stock after buying an additional 729 shares during the period. Johnson Financial Group Inc.’s holdings in CA were worth $1,642,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Two Sigma Investments LP boosted its position in CA by 32.1% in the fourth quarter. Two Sigma Investments LP now owns 220,467 shares of the technology company’s stock valued at $7,004,000 after buying an additional 53,548 shares during the last quarter. Janus Capital Management LLC boosted its position in CA by 239.3% in the fourth quarter. Janus Capital Management LLC now owns 811,354 shares of the technology company’s stock valued at $25,777,000 after buying an additional 572,254 shares during the last quarter. First Republic Investment Management Inc. boosted its position in CA by 35.6% in the fourth quarter. First Republic Investment Management Inc. now owns 61,214 shares of the technology company’s stock valued at $1,945,000 after buying an additional 16,069 shares during the last quarter. Fore Research & Management LP bought a new position in CA during the fourth quarter valued at approximately $3,177,000. Finally, Blenheim Capital Management BV bought a new position in CA during the fourth quarter valued at approximately $316,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.
Shares of CA Inc. (NASDAQ:CA) traded down 0.41% during trading on Tuesday, hitting $31.77. 838,077 shares of the stock were exchanged. The company has a market cap of $13.27 billion, a P/E ratio of 17.17 and a beta of 0.92. The firm’s 50-day moving average is $31.96 and its 200 day moving average is $32.08. CA Inc. has a 1-year low of $30.01 and a 1-year 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $996.59 million. CA had a net margin of 19.20% and a return on equity of 17.15%. CA’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities analysts forecast that CA Inc. will post $2.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Tuesday, May 23rd. CA’s dividend payout ratio (DPR) is presently 55.14%.
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Several research firms recently commented on CA. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 target price on shares of CA in a research note on Friday, April 28th. Evercore ISI cut shares of CA from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. FIG Partners upgraded shares of CA to an “outperform” rating and upped their target price for the company from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Raymond James Financial, Inc. upgraded shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Monday, May 8th. Finally, DA Davidson cut shares of CA from a “buy” rating to a “neutral” rating in a research note on Monday, April 10th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $35.25.
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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