CA Inc. (NASDAQ:CA) Shares Sold by NN Investment Partners Holdings N.V.
NN Investment Partners Holdings N.V. cut its stake in CA Inc. (NASDAQ:CA) by 4.9% during the second quarter, Holdings Channel reports. The institutional investor owned 748,142 shares of the technology company’s stock after selling 38,953 shares during the period. NN Investment Partners Holdings N.V.’s holdings in CA were worth $25,790,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock valued at $834,606,000 after buying an additional 5,729,276 shares during the last quarter. Bank of New York Mellon Corp increased its stake in CA by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 24,311,915 shares of the technology company’s stock valued at $771,175,000 after buying an additional 546,030 shares during the last quarter. Macquarie Group Ltd. increased its stake in CA by 2.1% in the first quarter. Macquarie Group Ltd. now owns 23,725,398 shares of the technology company’s stock valued at $752,570,000 after buying an additional 479,924 shares during the last quarter. BlackRock Inc. increased its stake in CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock valued at $657,139,000 after buying an additional 19,979,935 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in CA by 1.0% in the first quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock valued at $498,611,000 after buying an additional 154,092 shares during the last quarter. 70.63% of the stock is currently owned by institutional investors and hedge funds.
CA Inc. (CA) opened at 34.32 on Thursday. The firm has a market capitalization of $14.34 billion, a P/E ratio of 18.55 and a beta of 0.87. The company’s 50-day moving average is $32.41 and its 200-day moving average is $32.25. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54.
CA (NASDAQ:CA) last issued 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. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. On average, analysts predict that CA Inc. will post $2.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Tuesday, May 23rd. CA’s dividend payout ratio is currently 55.14%.
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CA has been the subject of several research reports. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 price objective on shares of CA in a research note on Wednesday, June 21st. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of CA in a research note on Friday, May 12th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $34.00 price objective (up from $33.00) on shares of CA in a research note on Sunday, May 14th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. CA has an average rating of “Hold” and an average price target of $35.02.
In related news, insider Ayman Sayed sold 30,194 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the completion of the sale, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.
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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