CA (CA) Receives “Buy” Rating from Argus
Argus restated their buy rating on shares of CA (NASDAQ:CA) in a report released on Wednesday morning. Argus currently has a $33.70 target price on the technology company’s stock, down from their previous target price of $40.00.
A number of other brokerages have also issued reports on CA. Credit Suisse Group lifted their target price on shares of CA from $34.00 to $36.00 and gave the company a neutral rating in a research note on Wednesday, January 31st. Oppenheimer reissued a hold rating on shares of CA in a research note on Wednesday, January 31st. BidaskClub raised shares of CA from a sell rating to a hold rating in a research note on Friday, January 26th. Jefferies Group reissued a buy rating and set a $41.00 target price on shares of CA in a research note on Wednesday, January 31st. Finally, Barclays raised their price target on shares of CA from $34.00 to $37.00 and gave the company an equal weight rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. CA has an average rating of Hold and a consensus target price of $34.23.
CA (NASDAQ:CA) opened at $33.45 on Wednesday. CA has a 52 week low of $30.45 and a 52 week high of $36.56. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $13,616.74, a P/E ratio of 33.12, a P/E/G ratio of 4.13 and a beta of 0.70.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Thursday, February 22nd will be issued a $0.255 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.02 annualized dividend and a yield of 3.05%. CA’s dividend payout ratio (DPR) is presently 100.99%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC bought a new position in shares of CA during the 3rd quarter worth about $101,000. Ffcm LLC increased its holdings in shares of CA by 1,808.7% during the 4th quarter. Ffcm LLC now owns 3,073 shares of the technology company’s stock worth $103,000 after purchasing an additional 2,912 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of CA by 56.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock worth $210,000 after purchasing an additional 2,259 shares during the period. Capital One National Association bought a new position in shares of CA during the 4th quarter worth about $219,000. Finally, Magnetar Financial LLC bought a new position in shares of CA during the 3rd quarter worth about $231,000. Hedge funds and other institutional investors own 68.71% of the company’s stock.
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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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