Teachers Advisors LLC Buys 31,368 Shares of CA Inc. (CA)
Teachers Advisors LLC increased its stake in shares of CA Inc. (NASDAQ:CA) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,326,972 shares of the technology company’s stock after acquiring an additional 31,368 shares during the quarter. Teachers Advisors LLC owned approximately 0.32% of CA worth $45,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in CA by 11.1% in the 2nd 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 during the period. Vanguard Group Inc. lifted its holdings in CA by 27.8% in the 1st 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 during the period. Macquarie Group Ltd. lifted its holdings in CA by 2.1% in the 1st quarter. Macquarie Group Ltd. now owns 23,725,398 shares of the technology company’s stock worth $752,570,000 after buying an additional 479,924 shares during the period. BlackRock Inc. lifted its holdings in CA by 2,711.1% in the 1st 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 during the period. Finally, Bank of America Corp DE lifted its holdings in CA by 1.0% in the 1st quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock worth $498,611,000 after buying an additional 154,092 shares during the period. Institutional investors and hedge funds own 67.51% of the company’s stock.
CA Inc. (CA) opened at 33.10 on Friday. The stock has a 50 day moving average price of $32.51 and a 200-day moving average price of $32.61. The stock has a market cap of $13.94 billion, a PE ratio of 18.39 and a beta of 0.82. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54.
CA (NASDAQ:CA) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. CA’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 earnings per share. On average, equities analysts expect that CA Inc. will post $2.46 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were issued a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.08%. CA’s payout ratio is 56.67%.
In related news, insider Adam Elster sold 166,621 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the completion of the sale, the insider now owns 251,356 shares in the company, valued at $8,108,744.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael P. Gregoire sold 71,235 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $33.38, for a total value of $2,377,824.30. Following the sale, the insider now owns 285,652 shares of the company’s stock, valued at approximately $9,535,063.76. The disclosure for this sale can be found here. Insiders sold 316,250 shares of company stock valued at $10,406,017 in the last quarter. 0.90% of the stock is owned by company insiders.
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Several equities research analysts have weighed in on the company. Credit Suisse Group reiterated a “neutral” rating and issued a $34.00 price objective on shares of CA in a report on Tuesday, September 5th. BidaskClub cut CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Sanford C. Bernstein reiterated an “underperform” rating and issued a $28.00 price objective on shares of CA in a report on Wednesday, June 28th. Finally, Mizuho reiterated a “hold” rating and issued a $34.00 price objective on shares of CA in a report on Friday, July 28th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. CA presently has a consensus rating of “Hold” and an average price target 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.
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