Axa Sells 491,878 Shares of CA Inc. (CA)
Axa trimmed its holdings in CA Inc. (NASDAQ:CA) by 25.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,429,722 shares of the technology company’s stock after selling 491,878 shares during the period. Axa owned about 0.34% of CA worth $49,283,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the business. Parallel Advisors LLC lifted its position in shares of CA by 3.4% during the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after purchasing an additional 107 shares in the last quarter. Acrospire Investment Management LLC lifted its position in shares of CA by 280.0% during the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after purchasing an additional 2,800 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of CA by 419.6% during the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock valued at $134,000 after purchasing an additional 3,126 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of CA by 7.4% during the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after purchasing an additional 319 shares in the last quarter. Finally, AT Bancorp bought a new position in shares of CA during the second quarter valued at about $165,000. 67.51% of the stock is currently owned by hedge funds and other institutional investors.
CA Inc. (NASDAQ CA) traded down 0.27% during trading on Friday, hitting $33.16. 152,313 shares of the stock traded hands. The company has a market cap of $13.97 billion, a P/E ratio of 18.42 and a beta of 0.82. The firm has a 50-day moving average price of $32.64 and a 200 day moving average price of $32.57. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54.
CA (NASDAQ:CA) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. On average, equities analysts expect that CA Inc. will post $2.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is presently 56.67%.
A number of research firms recently weighed in on CA. Citigroup Inc. reissued a “neutral” rating and set a $34.00 price target (up from $33.00) on shares of CA in a research report on Sunday, May 14th. Credit Suisse Group reissued a “neutral” rating and set a $34.00 price target on shares of CA in a research report on Tuesday. Zacks Investment Research lowered shares of CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. DA Davidson reissued a “neutral” rating and set a $12.00 price target on shares of CA in a research report on Friday, May 19th. Finally, BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. CA presently has an average rating of “Hold” and a consensus price target of $34.88.
In other 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 transaction, the insider now owns 114,422 shares in the company, valued at approximately $3,683,244.18. The sale was disclosed in a document filed 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 that occurred on Monday, August 7th. The stock was 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 approximately $8,108,744.56. The disclosure for this sale can be found here. Insiders sold a total of 228,666 shares of company stock worth $7,481,319 in the last quarter. Company insiders own 0.90% of the company’s stock.
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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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