CA Inc. (CA) Stake Decreased by New Mexico Educational Retirement Board
New Mexico Educational Retirement Board reduced its position in CA Inc. (NASDAQ:CA) by 8.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 29,127 shares of the technology company’s stock after selling 2,700 shares during the period. New Mexico Educational Retirement Board’s holdings in CA were worth $904,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of CA. 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. National Pension Service boosted its position in shares of CA by 5.3% in the first quarter. National Pension Service now owns 330,824 shares of the technology company’s stock worth $10,514,000 after buying an additional 16,605 shares during the last quarter. Bank of Montreal Can boosted its position in shares of CA by 6.8% in the first quarter. Bank of Montreal Can now owns 477,691 shares of the technology company’s stock worth $15,154,000 after buying an additional 30,327 shares during the last quarter. Tompkins Financial Corp boosted 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. Finally, DnB Asset Management AS boosted its position in shares of CA by 15.1% in the first quarter. DnB Asset Management AS now owns 37,394 shares of the technology company’s stock worth $1,186,000 after buying an additional 4,900 shares during the last quarter. Institutional investors own 71.09% of the company’s stock.
Shares of CA Inc. (CA) opened at 32.50 on Wednesday. CA Inc. has a 52 week low of $30.01 and a 52 week high of $36.54. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of 18.06 and a beta of 0.86. The stock’s 50 day moving average price is $33.40 and its 200-day moving average price is $32.44.
CA (NASDAQ:CA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 EPS. Equities analysts predict that CA Inc. will post $2.46 earnings per share for the current year.
The company 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 annualized dividend and a dividend yield of 3.14%. CA’s dividend payout ratio (DPR) is presently 56.67%.
A number of research analysts have issued reports on CA shares. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 target price on shares of CA in a research report on Friday, April 28th. FIG Partners upgraded CA to an “outperform” rating and lifted their target price for the company from $40.00 to $42.25 in a research report on Wednesday, May 3rd. Raymond James Financial, Inc. upgraded CA from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Monday, May 8th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of CA in a research report on Friday, May 12th. Finally, Citigroup Inc. reiterated 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. 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. The stock currently 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 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 transaction, the insider now directly 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 through the SEC website. Also, insider Adam Elster sold 166,621 shares of the stock in a transaction dated 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 transaction, the insider now owns 251,356 shares in the company, valued at $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold a total of 228,429 shares of company stock worth $7,473,593 over the last quarter. Corporate 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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