Aberdeen Asset Management PLC UK Purchases 27,411 Shares of CA Inc. (CA)
Aberdeen Asset Management PLC UK increased its position in shares of CA Inc. (NASDAQ:CA) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 724,323 shares of the technology company’s stock after buying an additional 27,411 shares during the quarter. Aberdeen Asset Management PLC UK owned 0.17% of CA worth $24,967,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in CA. Parallel Advisors LLC grew its position in CA by 3.4% during 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 boosted its holdings in 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. boosted its holdings in 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 boosted its holdings in 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 acquired a new stake in CA during the second quarter valued at approximately $165,000. 67.51% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the company. Citigroup Inc. reaffirmed a “neutral” rating and set a $34.00 price objective (up from $33.00) on shares of CA in a report on Sunday, May 14th. Credit Suisse Group reaffirmed a “neutral” rating and set a $34.00 price objective on shares of CA in a report on Tuesday, September 5th. Zacks Investment Research downgraded CA from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. DA Davidson reaffirmed a “neutral” rating and set a $12.00 price objective on shares of CA in a report on Friday, May 19th. Finally, BidaskClub downgraded CA from a “hold” rating to a “sell” rating in a 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 assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $34.88.
Shares of CA Inc. (NASDAQ:CA) opened at 33.16 on Monday. The firm’s 50-day moving average is $32.60 and its 200-day moving average is $32.57. CA Inc. has a 12-month low of $30.01 and a 12-month high of $36.54. The firm has a market cap of $13.97 billion, a price-to-earnings ratio of 18.42 and a beta of 0.82.
CA (NASDAQ:CA) last released its quarterly 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 firm 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 company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 earnings per share. Analysts predict that CA Inc. will post $2.46 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Tuesday, August 22nd. CA’s payout ratio is currently 56.67%.
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In related news, insider Adam Elster sold 166,621 shares of CA stock in a transaction 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 transaction, the insider now owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ayman Sayed sold 18,694 shares of CA stock in a transaction on Monday, August 14th. The stock was sold at an average price of $32.47, for a total transaction of $606,994.18. Following the transaction, the insider now directly owns 120,196 shares of the company’s stock, valued at approximately $3,902,764.12. The disclosure for this sale can be found here. Insiders have sold 228,666 shares of company stock valued at $7,481,319 in the last ninety days. 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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