CA Inc. (NASDAQ:CA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “CA is a leading information technology (IT) management software company. We are optimistic about CA’s acquisition strategy, which has enhanced its IT management, software and services portfolio. Moreover, we believe that the diversity of its products and the increased efficiency offered by them will attract customers across sectors, lending stability to its business model. Additionally, CA’s “go to market” sales strategy integrates the commercial functions of sales, marketing, brand management, pricing and consumer insight, which helps it in lowering costs, thereby improving the bottom line. Nonetheless, intensifying competition from peers, an uncertain economic environment, currency headwinds and the weak IT spending forecast by Gartner are other concerns. Notably, shares of the company has underperformed the broader market over the last one year period.”

Several other equities analysts have also recently weighed in on CA. Citigroup Inc. reissued a “neutral” rating and set a $34.00 price objective (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. DA Davidson reissued a “neutral” rating and set a $12.00 price objective on shares of CA in a research report on Friday, May 19th. BidaskClub cut CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Finally, Sanford C. Bernstein reissued an “underperform” rating and set a $28.00 price objective on shares of CA in a research report on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. CA currently has an average rating of “Hold” and an average price target of $35.10.

Shares of CA (NASDAQ CA) opened at 34.06 on Monday. The company’s 50 day moving average price is $33.34 and its 200 day moving average price is $32.43. The stock has a market capitalization of $14.23 billion, a P/E ratio of 18.41 and a beta of 0.87. CA has a one year low of $30.01 and a one year high of $36.54.

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, topping the consensus estimate of $0.49 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $996.59 million. CA had a return on equity of 17.15% and a net margin of 19.20%. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. On average, equities analysts expect that CA will post $2.38 earnings per share for the current year.

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In other news, insider Ayman Sayed sold 30,194 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised 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 worth $834,606,000 after buying an additional 5,729,276 shares during the period. Bank of New York Mellon Corp raised its position in shares of 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 worth $771,175,000 after buying an additional 546,030 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of CA by 2.1% in the first quarter. Macquarie Group Ltd. now owns 23,725,398 shares of the technology company’s stock worth $752,570,000 after buying an additional 479,924 shares during the last quarter. BlackRock Inc. raised its position in shares of CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock worth $657,139,000 after buying an additional 19,979,935 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of 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 worth $498,611,000 after buying an additional 154,092 shares during the last quarter. Institutional investors and hedge funds own 70.62% of the company’s stock.

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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Analyst Recommendations for CA (NASDAQ:CA)

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