Jacob Lamm Sells 16,349 Shares of CA Inc. (CA) Stock
CA Inc. (NASDAQ:CA) EVP Jacob Lamm sold 16,349 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $33.45, for a total transaction of $546,874.05. Following the transaction, the executive vice president now owns 45,483 shares in the company, valued at approximately $1,521,406.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of CA Inc. (NASDAQ:CA) opened at 33.17 on Friday. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The stock has a market cap of $13.98 billion, a PE ratio of 18.43 and a beta of 0.82. The firm has a 50-day moving average of $32.45 and a 200-day moving average of $32.61.
CA (NASDAQ:CA) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. The business had revenue of $1.03 billion for 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 posted $0.64 EPS. On average, equities research analysts expect that CA Inc. will post $2.46 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is 56.67%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in shares of CA by 3.4% in the 1st quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock worth $106,000 after buying an additional 107 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of CA by 26.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after buying an additional 654 shares during the last quarter. Bessemer Group Inc. grew its position in shares of CA by 419.6% in the 2nd quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock worth $134,000 after buying an additional 3,126 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of CA by 4.2% in the 2nd quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock worth $145,000 after buying an additional 169 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in shares of CA by 7.4% in the 2nd quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock worth $159,000 after buying an additional 319 shares during the last quarter. 67.51% of the stock is currently owned by institutional investors and hedge funds.
CA has been the topic of several research analyst reports. Barclays PLC reiterated an “equal weight” rating and set a $36.00 price target (up previously from $35.00) on shares of CA in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating and set a $38.00 price target on the stock in a research report on Tuesday, July 11th. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a research report on Monday. BidaskClub upgraded shares of CA from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $38.00 price target on shares of CA in a research report on Wednesday, June 21st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. CA currently has an average rating of “Hold” and a consensus target price of $34.88.
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.
Receive News & Ratings for CA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.