6,300 Shares in CA Inc. (CA) Acquired by Wetherby Asset Management Inc.
Wetherby Asset Management Inc. bought a new stake in shares of CA Inc. (NASDAQ:CA) during the second quarter, Holdings Channel reports. The fund bought 6,300 shares of the technology company’s stock, valued at approximately $217,000.
Several other hedge funds have also made changes to their positions in the stock. Canada Pension Plan Investment Board raised its stake in CA by 45.1% in the second quarter. Canada Pension Plan Investment Board now owns 213,781 shares of the technology company’s stock worth $7,369,000 after buying an additional 66,400 shares during the period. Advisor Partners LLC raised its stake in CA by 0.9% in the second quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock worth $253,000 after buying an additional 64 shares during the period. AT Bancorp purchased a new stake in CA during the second quarter worth $165,000. Retirement Systems of Alabama raised its stake in CA by 0.3% in the second quarter. Retirement Systems of Alabama now owns 151,935 shares of the technology company’s stock worth $5,237,000 after buying an additional 406 shares during the period. Finally, Nine Chapters Capital Management LLC purchased a new stake in CA during the second quarter worth $221,000. Hedge funds and other institutional investors own 71.09% of the company’s stock.
CA Inc. (CA) opened at 32.38 on Friday. The stock has a market capitalization of $13.64 billion, a price-to-earnings ratio of 17.99 and a beta of 0.86. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The stock’s 50 day moving average is $33.27 and its 200-day moving average is $32.45.
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 Zacks’ 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 for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted $0.64 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts expect 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. Shareholders of record on Thursday, August 24th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio is presently 56.67%.
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A number of research firms recently weighed in on CA. BidaskClub lowered shares of CA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Citigroup Inc. reissued a “neutral” rating and issued a $34.00 price objective (up from $33.00) on shares of CA in a research report on Sunday, May 14th. Barclays PLC reissued an “equal weight” rating and issued a $36.00 price objective (up from $35.00) on shares of CA in a research report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price objective on shares of CA in a research report on Friday, April 28th. Finally, Mizuho reissued a “hold” rating and issued a $34.00 price objective on shares of CA in a research report on Friday, July 28th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $35.09.
In other CA news, insider Ayman Sayed sold 12,920 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $32.19, for a total value of $415,894.80. Following the sale, the insider now directly owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 in the company, valued at $8,108,744.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 228,666 shares of company stock worth $7,481,319. 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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