CA Inc. (CA) Position Cut by TD Asset Management Inc.
TD Asset Management Inc. lowered its position in shares of CA Inc. (NASDAQ:CA) by 3.1% during the second quarter, Holdings Channel reports. The institutional investor owned 351,274 shares of the technology company’s stock after selling 11,423 shares during the period. TD Asset Management Inc.’s holdings in CA were worth $12,108,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Parallel Advisors LLC raised its position in shares of CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock worth $106,000 after buying an additional 107 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock worth $121,000 after buying an additional 2,800 shares during the last quarter. Bessemer Group Inc. raised its position in shares of CA by 419.6% in the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock worth $134,000 after buying an additional 3,126 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock worth $159,000 after buying an additional 319 shares during the last quarter. Finally, Tompkins Financial Corp raised its position in shares of CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock worth $165,000 after buying an additional 4,022 shares during the last quarter. 71.09% of the stock is currently owned by institutional investors and hedge funds.
CA Inc. (NASDAQ:CA) opened at 31.99 on Monday. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 17.77 and a beta of 0.86. The company has a 50-day moving average price of $33.53 and a 200 day moving average price of $32.42.
CA (NASDAQ:CA) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. CA’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. On average, analysts expect that CA Inc. will post $2.45 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.19%. CA’s payout ratio is 56.67%.
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CA has been the subject of a number of research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $38.00 price objective on shares of CA in a research report on Friday, April 28th. Barclays PLC restated an “equal weight” rating and set a $36.00 price objective (up previously from $35.00) on shares of CA in a research report on Thursday, August 3rd. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating and set a $38.00 price objective for the company in a research report on Tuesday, July 11th. Mizuho restated a “hold” rating and set a $34.00 price objective on shares of CA in a research report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of CA in a research report on Friday, May 12th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. CA has a consensus rating of “Hold” and an average target price of $35.09.
In other news, insider Ayman Sayed sold 30,194 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Adam Elster sold 166,621 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the sale, the insider now directly owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,489 shares of company stock valued at $6,472,070. 0.90% of the stock is 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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