ValuEngine Upgrades CA Inc. (CA) to Buy
CA Inc. (NASDAQ:CA) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Monday.
Several other equities analysts have also commented on the company. Credit Suisse Group reissued a “neutral” rating and issued a $34.00 target price on shares of CA in a report on Tuesday, September 5th. Royal Bank Of Canada reissued a “hold” rating and issued a $32.00 target price on shares of CA in a report on Monday, August 21st. BidaskClub raised CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Barclays PLC reissued an “equal weight” rating and issued a $36.00 target price (up previously from $35.00) on shares of CA in a report on Wednesday, August 9th. Finally, Mizuho reissued a “hold” rating and issued a $34.00 target price on shares of CA in a report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.88.
CA (NASDAQ:CA) opened at 33.55 on Monday. The stock has a market capitalization of $14.13 billion, a P/E ratio of 18.64 and a beta of 0.82. CA has a 52 week low of $30.01 and a 52 week high of $36.54. The company’s 50-day moving average price is $32.57 and its 200 day moving average price is $32.59.
CA (NASDAQ:CA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the 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 return on equity of 16.54% and a net margin of 18.59%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.64 earnings per share. Equities research analysts expect that CA will post $2.46 EPS for the current fiscal year.
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In other news, insider Ayman Sayed sold 12,920 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $32.19, for a total transaction of $415,894.80. Following the completion of the sale, the insider now owns 114,422 shares in the company, valued at $3,683,244.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Elster sold 166,621 shares of the stock in a transaction dated 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 sale, the insider now owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. In 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.
Several institutional investors and hedge funds have recently made changes to their positions in CA. Strs Ohio boosted its stake in shares of CA by 1.8% during the first quarter. Strs Ohio now owns 33,256 shares of the technology company’s stock worth $1,054,000 after buying an additional 577 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of CA by 47.1% during the first quarter. Canada Pension Plan Investment Board now owns 147,381 shares of the technology company’s stock worth $4,675,000 after buying an additional 47,220 shares during the period. American Century Companies Inc. boosted its stake in shares of CA by 22.9% during the first quarter. American Century Companies Inc. now owns 637,708 shares of the technology company’s stock worth $20,228,000 after buying an additional 119,034 shares during the period. Boston Partners acquired a new stake in shares of CA during the first quarter worth about $588,000. Finally, Henderson Group PLC boosted its stake in shares of CA by 3.5% during the first quarter. Henderson Group PLC now owns 35,129 shares of the technology company’s stock worth $1,114,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 67.51% of the company’s stock.
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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