CA Inc. (CA) Stake Lifted by Empirical Finance LLC
Empirical Finance LLC increased its stake in CA Inc. (NASDAQ:CA) by 84.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,313 shares of the technology company’s stock after acquiring an additional 28,116 shares during the period. CA makes up approximately 0.8% of Empirical Finance LLC’s investment portfolio, making the stock its 17th biggest position. Empirical Finance LLC’s holdings in CA were worth $2,114,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CA. BlackRock Inc. boosted its holdings in CA by 2,711.1% during the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock worth $657,139,000 after buying an additional 19,979,935 shares in the last quarter. Vanguard Group Inc. boosted its holdings in CA by 27.8% during the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock worth $834,606,000 after buying an additional 5,729,276 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in CA by 11.1% during the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after buying an additional 2,691,791 shares in the last quarter. FIL Ltd boosted its holdings in CA by 13.1% during the first quarter. FIL Ltd now owns 8,352,008 shares of the technology company’s stock worth $264,926,000 after buying an additional 964,522 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in CA by 15.7% during the second quarter. First Trust Advisors LP now owns 4,441,835 shares of the technology company’s stock worth $153,110,000 after buying an additional 604,026 shares in the last quarter. Institutional investors and hedge funds own 67.51% of the company’s stock.
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CA has been the subject of a number of research reports. Jefferies Group LLC restated a “buy” rating and set a $38.00 target price on shares of CA in a report on Wednesday, June 21st. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a report on Monday. Barclays PLC restated an “equal weight” rating and set a $36.00 target price (up from $35.00) on shares of CA in a report on Thursday, August 3rd. Mizuho restated a “hold” rating and set a $34.00 target price on shares of CA in a report on Friday, July 28th. Finally, Zacks Investment Research cut shares of CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.88.
In other news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $32.26, for a total value 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ayman Sayed sold 18,694 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $32.47, for a total transaction of $606,994.18. Following the completion of the transaction, the insider now 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 sold 228,666 shares of company stock valued at $7,481,319 in the last quarter. Corporate insiders own 0.90% of the company’s stock.
CA Inc. (NASDAQ CA) traded up 0.39% during trading on Tuesday, reaching $33.54. 262,916 shares of the company were exchanged. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 18.63 and a beta of 0.82. The firm has a 50-day moving average of $32.55 and a 200-day moving average of $32.58.
CA (NASDAQ:CA) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 earnings per share. On average, equities analysts forecast that CA Inc. will post $2.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 24th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
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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