CA Inc. (CA) Shares Bought by Northwestern Mutual Wealth Management Co.
Northwestern Mutual Wealth Management Co. lifted its stake in CA Inc. (NASDAQ:CA) by 26.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,148 shares of the technology company’s stock after purchasing an additional 654 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in CA were worth $108,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of CA by 11.1% in 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 purchasing an additional 2,691,791 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock worth $834,606,000 after purchasing an additional 5,729,276 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of CA by 2.1% in the first quarter. Macquarie Group Ltd. now owns 23,725,398 shares of the technology company’s stock worth $752,570,000 after purchasing an additional 479,924 shares during the last quarter. BlackRock Inc. grew its holdings in shares of CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock worth $657,139,000 after purchasing an additional 19,979,935 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of CA by 1.0% in the first quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock worth $498,611,000 after purchasing an additional 154,092 shares during the last quarter. Hedge funds and other institutional investors own 67.51% of the company’s stock.
Shares of CA Inc. (CA) opened at 32.68 on Friday. The firm’s 50 day moving average is $32.62 and its 200 day moving average is $32.62. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54. The stock has a market capitalization of $13.77 billion, a price-to-earnings ratio of 18.16 and a beta of 0.82.
CA (NASDAQ:CA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the company posted $0.64 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities analysts expect that CA Inc. will post $2.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders 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 dividend yield of 3.12%. The ex-dividend date was Tuesday, August 22nd. CA’s dividend payout ratio is presently 56.67%.
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A number of analysts recently weighed in on the stock. BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $28.00 price objective on shares of CA in a research note on Wednesday, June 28th. ValuEngine raised shares of CA from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Zacks Investment Research raised shares of CA from a “sell” rating to a “hold” rating and set a $38.00 price objective for the company in a research note on Tuesday, July 11th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $36.00 price objective (up from $35.00) on shares of CA in a research note on Thursday, August 3rd. Four research 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. The company presently has an average rating of “Hold” and a consensus target price of $34.88.
In related news, EVP Jacob Lamm sold 16,349 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $33.45, for a total transaction of $546,874.05. Following the completion of the sale, the executive vice president now owns 45,483 shares in the company, valued at $1,521,406.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael P. Gregoire sold 71,235 shares of the business’s stock in a transaction that occurred 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. Over the last three months, insiders have sold 286,056 shares of company stock valued at $9,330,507. Corporate insiders own 0.90% 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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