Oak Associates Ltd. OH Purchases 25,671 Shares of CA Inc. (CA)
Oak Associates Ltd. OH boosted its position in CA Inc. (NASDAQ:CA) by 6.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 427,023 shares of the technology company’s stock after buying an additional 25,671 shares during the period. Oak Associates Ltd. OH owned approximately 0.10% of CA worth $14,719,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CA. OppenheimerFunds Inc. boosted its position in CA by 8.6% in the first quarter. OppenheimerFunds Inc. now owns 16,223 shares of the technology company’s stock valued at $515,000 after buying an additional 1,288 shares during the last quarter. FMR LLC boosted its position in CA by 228.4% in the first quarter. FMR LLC now owns 391,816 shares of the technology company’s stock valued at $12,429,000 after buying an additional 272,517 shares during the last quarter. Rothschild Asset Management Inc. purchased a new stake in CA in the first quarter valued at approximately $400,000. Massachusetts Financial Services Co. MA boosted its position in CA by 0.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 200,577 shares of the technology company’s stock valued at $6,362,000 after buying an additional 1,256 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in CA by 1.9% in the first quarter. Thrivent Financial For Lutherans now owns 65,542 shares of the technology company’s stock valued at $2,079,000 after buying an additional 1,210 shares during the last quarter. Hedge funds and other institutional investors own 67.51% of the company’s stock.
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Shares of CA Inc. (CA) traded down 0.12% during mid-day trading on Friday, reaching $33.88. The company’s stock had a trading volume of 1,136,138 shares. The company’s 50-day moving average is $33.25 and its 200 day moving average is $32.77. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54. The firm has a market capitalization of $14.27 billion, a P/E ratio of 18.82 and a beta of 0.83.
CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share 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 company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts expect that CA Inc. will post $2.46 earnings per share for the current year.
A number of brokerages have issued reports on CA. BidaskClub raised CA from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Sanford C. Bernstein reissued an “underperform” rating and issued a $28.00 price target on shares of CA in a report on Wednesday, June 28th. ValuEngine raised CA from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating and set a $38.00 price target for the company in a report on Tuesday, July 11th. Finally, KeyCorp reissued a “sector weight” rating on shares of CA in a report on Sunday, September 17th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. CA currently has an average rating of “Hold” and an average target price of $34.88.
In related news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 251,356 shares in the company, valued at $8,108,744.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $33.38, for a total value of $2,377,824.30. Following the completion of the transaction, the insider now owns 285,652 shares of the company’s stock, valued at $9,535,063.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 286,056 shares of company stock valued at $9,330,507. Insiders own 0.90% of the company’s stock.
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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