Ayman Sayed Sells 30,194 Shares of CA Inc. (CA) Stock
CA Inc. (NASDAQ:CA) insider Ayman Sayed sold 30,194 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total value of $1,075,510.28. Following the transaction, the insider now owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Ayman Sayed also recently made the following trade(s):
- On Tuesday, May 16th, Ayman Sayed sold 674 shares of CA stock. The stock was sold at an average price of $31.70, for a total value of $21,365.80.
CA Inc. (NASDAQ:CA) opened at 34.98 on Monday. CA Inc. has a 52 week low of $30.01 and a 52 week high of $35.11. The company has a market cap of $14.62 billion, a P/E ratio of 18.91 and a beta of 0.92. The firm has a 50-day moving average price of $31.93 and a 200 day moving average price of $32.09.
CA (NASDAQ:CA) last released its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. CA’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that CA Inc. will post $2.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Tuesday, May 23rd. CA’s dividend payout ratio is presently 55.14%.
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A number of hedge funds have recently added to or reduced their stakes in CA. Piedmont Investment Advisors LLC raised its stake in CA by 1.8% in the first quarter. Piedmont Investment Advisors LLC now owns 165,063 shares of the technology company’s stock valued at $5,236,000 after buying an additional 2,884 shares in the last quarter. Achmea Investment Management B.V. bought a new stake in CA during the first quarter valued at about $4,647,000. Bank of Nova Scotia raised its stake in CA by 917.1% in the first quarter. Bank of Nova Scotia now owns 72,175 shares of the technology company’s stock valued at $2,289,000 after buying an additional 65,079 shares in the last quarter. Financial Advisors Network Inc. raised its stake in CA by 6.7% in the first quarter. Financial Advisors Network Inc. now owns 25,107 shares of the technology company’s stock valued at $794,000 after buying an additional 1,570 shares in the last quarter. Finally, Summit Global Investments raised its stake in CA by 15.8% in the first quarter. Summit Global Investments now owns 43,379 shares of the technology company’s stock valued at $1,376,000 after buying an additional 5,912 shares in the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on CA shares. Evercore ISI downgraded CA from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 price target on shares of CA in a research note on Tuesday, March 7th. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. DA Davidson downgraded CA from a “buy” rating to a “neutral” rating in a research note on Monday, April 10th. Finally, Piper Jaffray Companies increased their price target on CA from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. CA presently 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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