Financial Advisors Network Inc. Has $927,000 Stake in CA Inc. (CA)
Financial Advisors Network Inc. raised its position in shares of CA Inc. (NASDAQ:CA) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,902 shares of the technology company’s stock after buying an additional 1,795 shares during the period. CA comprises approximately 0.8% of Financial Advisors Network Inc.’s investment portfolio, making the stock its 26th largest position. Financial Advisors Network Inc.’s holdings in CA were worth $927,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Parallel Advisors LLC increased 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 in the last quarter. Acrospire Investment Management LLC increased 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 in the last quarter. Bessemer Group Inc. increased 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 in the last quarter. CENTRAL TRUST Co increased 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 in the last quarter. Finally, AT Bancorp acquired a new position in shares of CA during the second quarter worth about $165,000. Institutional investors own 71.09% of the company’s stock.
Shares of CA Inc. (CA) opened at 32.37 on Friday. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54. The company has a market capitalization of $13.64 billion, a PE ratio of 17.98 and a beta of 0.86. The firm’s 50-day moving average price is $33.21 and its 200 day moving average price is $32.45.
CA (NASDAQ:CA) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. On average, equities analysts forecast that CA Inc. will post $2.46 earnings per share for the current year.
The business also recently announced 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. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is presently 56.67%.
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A number of brokerages recently issued reports on CA. Citigroup Inc. restated a “neutral” rating and set a $34.00 price target (up previously from $33.00) on shares of CA in a report on Sunday, May 14th. BidaskClub upgraded CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Barclays PLC restated an “equal weight” rating and set a $36.00 price target (up previously from $35.00) on shares of CA in a report on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and set a $38.00 price target on shares of CA in a report on Friday, April 28th. Finally, Mizuho restated a “hold” rating and set a $34.00 price target on shares of CA in a report on Friday, July 28th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. CA has a consensus rating of “Hold” and an average price target of $35.09.
In related news, insider Ayman Sayed sold 12,920 shares of CA stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $32.19, for a total transaction of $415,894.80. Following the transaction, the insider now directly owns 114,422 shares of the company’s stock, valued at $3,683,244.18. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Adam Elster sold 166,621 shares of CA 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 transaction, 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 ninety days, insiders have sold 228,666 shares of company stock worth $7,481,319. Corporate 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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