Carl Domino Inc Raises Stake in CA Inc. (NASDAQ:CA)
Carl Domino Inc boosted its position in CA Inc. (NASDAQ:CA) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 33,596 shares of the technology company’s stock after buying an additional 340 shares during the period. Carl Domino Inc’s holdings in CA were worth $1,158,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in CA. 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. Hedge funds and other institutional investors own 70.74% of the company’s stock.
CA Inc. (NASDAQ:CA) traded down 1.08% during midday trading on Wednesday, hitting $34.65. The stock had a trading volume of 579,386 shares. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 18.73 and a beta of 0.87. The firm has a 50-day moving average price of $33.64 and a 200-day moving average price of $32.49. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54.
CA (NASDAQ:CA) last posted its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. On average, equities research analysts anticipate that CA Inc. will post $2.38 earnings per share for the current year.
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Several equities analysts have commented on the company. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. DA Davidson downgraded CA from a “buy” rating to a “neutral” rating in a report on Monday, April 10th. Piper Jaffray Companies increased their price target on CA from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, April 17th. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 price target on shares of CA in a report on Friday, April 28th. Finally, FIG Partners upgraded CA to an “outperform” rating and increased their price target for the company from $40.00 to $42.25 in a report on Wednesday, May 3rd. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $35.10.
In related news, insider Ayman Sayed sold 30,194 shares of the business’s 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 transaction, the insider now directly owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by 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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