Bank of Montreal Can Sells 99,271 Shares of CA Inc. (CA)
Bank of Montreal Can lowered its stake in CA Inc. (NASDAQ:CA) by 20.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 378,420 shares of the technology company’s stock after selling 99,271 shares during the period. Bank of Montreal Can owned about 0.09% of CA worth $13,043,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in CA. Parallel Advisors LLC boosted its position in shares of CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after buying an additional 107 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares during the last quarter. Hefty Wealth Partners boosted its position in shares of 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 last quarter. Tompkins Financial Corp boosted its position in shares of CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock valued at $165,000 after buying an additional 4,022 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock valued at $179,000 after buying an additional 492 shares during the last quarter. 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 market cap of $14.38 billion, a PE ratio of 18.61 and a beta of 0.87. The firm has a 50-day moving average of $33.50 and a 200-day moving average of $32.46.
CA (NASDAQ:CA) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $996.59 million. During the same period last year, the company earned $0.60 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts anticipate that CA Inc. will post $2.38 EPS for the current year.
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CA has been the topic of several recent research reports. FIG Partners raised shares of CA to an “outperform” rating and boosted their price target for the company from $40.00 to $42.25 in a research report on Wednesday, May 3rd. Jefferies Group LLC reissued a “buy” rating and set a $38.00 price target on shares of CA in a research report on Sunday, May 14th. Zacks Investment Research raised shares of CA from a “sell” rating to a “hold” rating and set a $38.00 price target on the stock in a research report on Tuesday, July 11th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of CA in a research report on Friday, May 12th. Finally, DA Davidson cut shares of CA from a “buy” rating to a “neutral” rating in a research report on Monday, April 10th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $35.10.
In other CA news, insider Ayman Sayed sold 30,194 shares of the firm’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 sale, 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 filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by company 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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