Mn Services Vermogensbeheer B.V. Has $1.75 Million Stake in CA Inc. (CA)
Mn Services Vermogensbeheer B.V. increased its stake in CA Inc. (NASDAQ:CA) by 509.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,890 shares of the technology company’s stock after buying an additional 42,533 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in CA were worth $1,754,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. Country Club Trust Company n.a. raised its stake in CA by 1.8% in the first quarter. Country Club Trust Company n.a. now owns 300,164 shares of the technology company’s stock valued at $9,521,000 after buying an additional 5,361 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its stake in CA by 18.2% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 62,163 shares of the technology company’s stock valued at $1,972,000 after buying an additional 9,575 shares during the period. Creative Planning raised its stake in CA by 43.9% in the first quarter. Creative Planning now owns 5,989 shares of the technology company’s stock valued at $190,000 after buying an additional 1,828 shares during the period. Hefty Wealth Partners raised its stake in CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock valued at $167,000 after buying an additional 5,182 shares during the period. Finally, Manning & Napier Advisors LLC raised its stake in CA by 9.6% in the first quarter. Manning & Napier Advisors LLC now owns 81,859 shares of the technology company’s stock valued at $2,595,000 after buying an additional 7,188 shares during the period. 70.62% of the stock is currently owned by institutional investors.
CA Inc. (NASDAQ:CA) opened at 34.42 on Friday. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54. The firm has a 50-day moving average price of $33.50 and a 200 day moving average price of $32.46. The company has a market capitalization of $14.38 billion, a P/E ratio of 18.61 and a beta of 0.87.
CA (NASDAQ:CA) last posted its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $996.59 million. During the same period in the prior year, the business earned $0.60 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts predict that CA Inc. will post $2.38 earnings per share for the current fiscal year.
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Several analysts have recently issued reports on the company. Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Citigroup Inc. raised their price objective on CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, June 28th. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $28.00 price objective on shares of CA in a research note on Wednesday, June 28th. Zacks Investment Research lowered CA from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, BidaskClub lowered CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $35.10.
In other news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $6,000,367.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by corporate insiders.
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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