Stratos Wealth Partners LTD. Takes Position in CA Inc. (CA)
Stratos Wealth Partners LTD. purchased a new position in shares of CA Inc. (NASDAQ:CA) during the second quarter, Holdings Channel reports. The fund purchased 5,857 shares of the technology company’s stock, valued at approximately $202,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CA. Mn Services Vermogensbeheer B.V. boosted its stake in shares of CA by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,357 shares of the technology company’s stock valued at $248,000 after buying an additional 461 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of CA by 16.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 23,718 shares of the technology company’s stock valued at $752,000 after buying an additional 3,328 shares in the last quarter. Motco boosted its stake in shares of CA by 0.5% in the first quarter. Motco now owns 96,670 shares of the technology company’s stock valued at $3,067,000 after buying an additional 500 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of CA by 64.6% in the first quarter. State of Alaska Department of Revenue now owns 39,409 shares of the technology company’s stock valued at $1,249,000 after buying an additional 15,471 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of CA by 1.4% in the first quarter. Nisa Investment Advisors LLC now owns 187,090 shares of the technology company’s stock valued at $5,934,000 after buying an additional 2,635 shares in the last quarter. 70.49% of the stock is owned by institutional investors and hedge funds.
CA Inc. (NASDAQ CA) opened at 31.99 on Friday. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 17.77 and a beta of 0.86. The stock’s 50 day moving average price is $33.53 and its 200 day moving average price is $32.42. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54.
CA (NASDAQ:CA) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $0.64 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts anticipate that CA Inc. will post $2.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.19%. CA’s dividend payout ratio (DPR) is 56.67%.
CA has been the subject of several recent research reports. FIG Partners raised CA to an “outperform” rating and boosted their price objective for the stock from $40.00 to $42.25 in a report on Wednesday, May 3rd. Jefferies Group LLC reissued a “buy” rating and set a $38.00 price objective on shares of CA in a report on Sunday, May 14th. Barclays PLC reissued an “equal weight” rating and set a $36.00 price objective (up from $35.00) on shares of CA in a report on Thursday, August 3rd. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating and set a $38.00 price objective for the company in a report on Tuesday, July 11th. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of CA in a report on Friday, May 12th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus 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 dated 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 transaction, the insider now directly owns 168,455 shares in the company, valued at $6,000,367.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the transaction, the insider now owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold 197,489 shares of company stock valued at $6,472,070 over the last 90 days. 0.90% of the stock is owned by corporate 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.
Want to see what other hedge funds are holding CA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CA Inc. (NASDAQ:CA).
Receive News & Ratings for CA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.