Janney Montgomery Scott LLC Sells 401 Shares of CA Inc. (CA)
Janney Montgomery Scott LLC cut its position in shares of CA Inc. (NASDAQ:CA) by 3.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 12,187 shares of the technology company’s stock after selling 401 shares during the period. Janney Montgomery Scott LLC’s holdings in CA were worth $420,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Parallel Advisors LLC raised its stake in CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after buying an additional 107 shares during the period. Acrospire Investment Management LLC raised its stake in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares during the period. CENTRAL TRUST Co raised its stake in CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after buying an additional 319 shares during the period. Penserra Capital Management LLC raised its stake in CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock valued at $179,000 after buying an additional 492 shares during the period. Finally, Hefty Wealth Partners raised its stake in CA by 0.6% in the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock valued at $183,000 after buying an additional 32 shares during the period. 71.09% of the stock is currently owned by hedge funds and other institutional investors.
CA Inc. (CA) opened at 32.37 on Monday. The company has a market cap of $13.64 billion, a P/E ratio of 17.98 and a beta of 0.86. The stock has a 50 day moving average of $33.21 and a 200-day moving average of $32.45. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54.
CA (NASDAQ:CA) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ 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%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 earnings per share. Equities research analysts expect that CA Inc. will post $2.46 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders 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 annualized dividend and a dividend yield of 3.15%. CA’s dividend payout ratio is currently 56.67%.
Several equities research analysts have weighed in on the stock. Citigroup Inc. reiterated a “neutral” rating and issued a $34.00 target price (up from $33.00) on shares of CA in a report on Sunday, May 14th. BidaskClub upgraded shares of CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 target price (up from $35.00) on shares of CA in a report on Wednesday, August 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 target price on shares of CA in a report on Friday, April 28th. Finally, Mizuho restated a “hold” rating and set a $34.00 price objective on shares of CA in a 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 given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $35.09.
In related news, 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 transaction of $5,375,193.46. Following the completion of the transaction, the insider now owns 251,356 shares in the company, valued at $8,108,744.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ayman Sayed sold 30,194 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the transaction, the insider now owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 228,666 shares of company stock valued at $7,481,319. 0.90% of the stock is currently 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.
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