CIBC Asset Management Inc Has $1.60 Million Stake in CA Inc. (NASDAQ:CA)
CIBC Asset Management Inc raised its position in CA Inc. (NASDAQ:CA) by 3.6% during the second quarter, Holdings Channel reports. The fund owned 46,260 shares of the technology company’s stock after buying an additional 1,602 shares during the period. CIBC Asset Management Inc’s holdings in CA were worth $1,595,000 at the end of the most recent reporting period.
Other large 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 valued at $3,790,000 after buying an additional 621 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in CA by 2.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 270,238 shares of the technology company’s stock valued at $8,572,000 after buying an additional 6,483 shares during the period. Manning & Napier Advisors LLC increased its position in CA by 9.6% in the first quarter. Manning & Napier Advisors LLC now owns 81,859 shares of the technology company’s stock valued at $2,595,000 after buying an additional 7,188 shares during the period. Creative Planning increased its position in CA by 43.9% in the first quarter. Creative Planning now owns 5,989 shares of the technology company’s stock valued at $190,000 after buying an additional 1,828 shares during the period. Finally, National Pension Service increased its position in CA by 5.3% in the first quarter. National Pension Service now owns 330,824 shares of the technology company’s stock valued at $10,514,000 after buying an additional 16,605 shares during the period. Institutional investors and hedge funds own 70.49% of the company’s stock.
CA Inc. (CA) opened at 32.55 on Thursday. The company has a market cap of $13.51 billion, a P/E ratio of 18.08 and a beta of 0.86. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The company has a 50 day moving average of $33.73 and a 200-day moving average of $32.43.
CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business 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 Inc. will post $2.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.13%. CA’s dividend payout ratio (DPR) is presently 56.67%.
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Several research firms have commented on CA. Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Citigroup Inc. increased their price objective on shares of CA from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, June 28th. Sanford C. Bernstein reissued an “underperform” rating and set a $28.00 price objective on shares of CA in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. CA has an average rating of “Hold” and a consensus price target of $35.09.
In other news, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $32.26, for a total value of $5,375,193.46. Following the completion of the sale, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the insider now owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The disclosure for this sale can be found here. Insiders sold a total of 197,489 shares of company stock valued at $6,472,070 in the last 90 days. 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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