Oregon Public Employees Retirement Fund Has $2.89 Million Position in CA Inc. (CA)
Oregon Public Employees Retirement Fund cut its position in shares of CA Inc. (NASDAQ:CA) by 5.8% during the second quarter, Holdings Channel reports. The institutional investor owned 83,755 shares of the technology company’s stock after selling 5,200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in CA were worth $2,887,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC increased its position in CA by 0.5% in the fourth quarter. FMR LLC now owns 119,299 shares of the technology company’s stock worth $3,790,000 after buying an additional 621 shares in the last quarter. Quadrature Capital Ltd purchased a new position in CA during the fourth quarter worth approximately $502,000. UBS Asset Management Americas Inc. increased its position in CA by 6.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,090,277 shares of the technology company’s stock worth $66,407,000 after buying an additional 123,497 shares in the last quarter. Kentucky Retirement Systems purchased a new position in CA during the fourth quarter worth approximately $722,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in CA during the fourth quarter worth approximately $322,000. 70.74% of the stock is owned by hedge funds and other institutional investors.
Shares of CA Inc. (CA) opened at 34.73 on Tuesday. The company has a 50 day moving average price of $33.64 and a 200 day moving average price of $32.49. The company has a market cap of $14.51 billion, a P/E ratio of 18.77 and a beta of 0.87. CA Inc. has a one year low of $30.01 and a one year high of $36.54.
CA (NASDAQ:CA) last released its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $1.01 billion for 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 company’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. Equities research analysts expect that CA Inc. will post $2.38 earnings per share for the current year.
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A number of research firms have commented on CA. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Citigroup Inc. increased their target price on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, June 28th. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $28.00 target price on shares of CA in a report on Wednesday, June 28th. Zacks Investment Research downgraded CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, BidaskClub downgraded CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $35.10.
In other CA news, insider Ayman Sayed sold 30,194 shares of CA stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the sale, the insider now directly owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by 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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