Teachers Retirement System of The State of Kentucky Holds Stake in CA Inc. (NASDAQ:CA)
Teachers Retirement System of The State of Kentucky continued to hold its position in CA Inc. (NASDAQ:CA) during the first quarter, according to its most recent filing with the SEC. The firm owned 37,612 shares of the technology company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in CA were worth $1,193,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in CA. Achmea Investment Management B.V. purchased a new position in shares of CA during the first quarter worth $4,647,000. Bank of Nova Scotia raised its position in shares of CA by 917.1% in the first quarter. Bank of Nova Scotia now owns 72,175 shares of the technology company’s stock worth $2,289,000 after buying an additional 65,079 shares during the last quarter. Financial Advisors Network Inc. raised its position in shares of CA by 6.7% in the first quarter. Financial Advisors Network Inc. now owns 25,107 shares of the technology company’s stock worth $794,000 after buying an additional 1,570 shares during the last quarter. Summit Global Investments raised its position in shares of CA by 15.8% in the first quarter. Summit Global Investments now owns 43,379 shares of the technology company’s stock worth $1,376,000 after buying an additional 5,912 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of CA by 16.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,200 shares of the technology company’s stock worth $482,000 after buying an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 70.63% of the company’s stock.
Shares of CA Inc. (NASDAQ:CA) opened at 34.48 on Friday. The firm’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. The stock has a market capitalization of $14.41 billion, a price-to-earnings ratio of 18.64 and a beta of 0.87.
CA (NASDAQ:CA) last posted its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. The business 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%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. Analysts forecast that CA Inc. will post $2.38 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Citigroup Inc. boosted their price objective on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, June 28th. Sanford C. Bernstein restated an “underperform” rating and issued a $28.00 price objective on shares of CA in a report on Wednesday, June 28th. BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating and set a $38.00 price objective for the company in a report on Tuesday, July 11th. Four 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 stock. CA presently has a consensus rating of “Hold” and an average target price of $35.10.
In related news, insider Ayman Sayed sold 30,194 shares of the firm’s 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 transaction, the insider now owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.
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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