CA Inc. (NASDAQ:CA) Position Reduced by Russell Investments Group Ltd.
Russell Investments Group Ltd. cut its stake in shares of CA Inc. (NASDAQ:CA) by 1.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 540,108 shares of the technology company’s stock after selling 10,123 shares during the period. Russell Investments Group Ltd.’s holdings in CA were worth $18,625,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of 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 during the period. Quadrature Capital Ltd purchased a new position in shares of CA during the fourth quarter worth about $502,000. Chevy Chase Trust Holdings Inc. boosted its position in shares of CA by 2.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 270,238 shares of the technology company’s stock worth $8,572,000 after buying an additional 6,483 shares during the last quarter. Manning & Napier Advisors LLC boosted its position in shares of CA by 9.6% in the first quarter. Manning & Napier Advisors LLC now owns 81,859 shares of the technology company’s stock worth $2,595,000 after buying an additional 7,188 shares during the last quarter. Finally, Creative Planning boosted its position in shares of CA by 43.9% in the first quarter. Creative Planning now owns 5,989 shares of the technology company’s stock worth $190,000 after buying an additional 1,828 shares during the last quarter. Institutional investors and hedge funds own 70.49% of the company’s stock.
CA Inc. (NASDAQ:CA) traded up 0.541% during mid-day trading on Tuesday, hitting $32.495. The stock had a trading volume of 1,025,180 shares. The stock has a 50-day moving average price of $33.70 and a 200 day moving average price of $32.45. The firm has a market cap of $13.49 billion, a P/E ratio of 18.053 and a beta of 0.86. CA Inc. has a 12-month low of $30.01 and a 12-month high of $36.54.
CA (NASDAQ:CA) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. CA’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. Equities analysts anticipate that CA Inc. will post $2.45 EPS for the current fiscal year.
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A number of brokerages have weighed in on CA. Citigroup Inc. reissued a “neutral” rating and issued a $34.00 target price (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. Zacks Investment Research lowered shares of CA from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. DA Davidson reissued a “neutral” rating and issued a $12.00 target price on shares of CA in a report on Friday, May 19th. BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. CA currently has an average rating of “Hold” and an average price target of $35.09.
In other news, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction 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 owns 168,455 shares in the company, valued at $6,000,367.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% 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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