CA Inc. (NASDAQ:CA) Declares Quarterly Dividend of $0.26
CA Inc. (NASDAQ:CA) announced a quarterly dividend on Wednesday, August 9th, RTT News reports. Stockholders of record on Thursday, August 24th will be given a dividend of 0.255 per share by the technology company on Tuesday, September 12th. This represents a $1.02 annualized dividend and a dividend yield of 3.13%.
CA (CA) traded up 1.02% during midday trading on Wednesday, hitting $32.55. 3,356,785 shares of the stock traded hands. CA has a 1-year low of $30.01 and a 1-year high of $36.54. The stock has a market cap of $13.51 billion, a PE ratio of 18.08 and a beta of 0.86. The company has a 50-day moving average of $33.67 and a 200-day moving average of $32.43.
CA (NASDAQ:CA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $0.64 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that CA will post $2.45 EPS for the current fiscal year.
A number of analysts have weighed in on the stock. Citigroup Inc. reissued a “neutral” rating and issued a $34.00 price target (up from $33.00) on shares of CA in a report on Sunday, May 14th. Zacks Investment Research downgraded 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 price target on shares of CA in a report on Friday, May 19th. BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.09.
In related news, insider Ayman Sayed sold 30,194 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the completion of the sale, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.
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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