BidaskClub downgraded shares of CA (NASDAQ:CA) from a buy rating to a hold rating in a research report report published on Thursday morning.

A number of other equities analysts have also weighed in on CA. Evercore ISI restated a sell rating and issued a $36.00 price objective on shares of CA in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of CA from a hold rating to a buy rating and set a $40.00 price objective for the company in a report on Friday, February 2nd. Credit Suisse Group boosted their price objective on shares of CA from $34.00 to $36.00 and gave the stock a neutral rating in a report on Wednesday, January 31st. Jefferies Group restated a buy rating and issued a $41.00 price objective on shares of CA in a report on Wednesday, January 31st. Finally, Barclays boosted their price objective on shares of CA from $34.00 to $37.00 and gave the stock 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 stock. CA has a consensus rating of Hold and a consensus target price of $34.23.

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CA stock opened at $35.79 on Thursday. CA has a 1-year low of $30.45 and a 1-year high of $37.25. The stock has a market cap of $14,921.71, a P/E ratio of 35.44, a PEG ratio of 4.53 and a beta of 0.69. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44.

CA (NASDAQ:CA) last released its earnings results on Tuesday, January 30th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.20. CA had a net margin of 10.23% and a return on equity of 16.52%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business earned $0.63 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. sell-side analysts predict that CA will post 2.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Thursday, February 22nd were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Wednesday, February 21st. CA’s dividend payout ratio (DPR) is presently 100.99%.

In other news, EVP Jacob Lamm sold 77,610 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $36.77, for a total transaction of $2,853,719.70. Following the completion of the sale, the executive vice president now owns 71,223 shares of the company’s stock, valued at approximately $2,618,869.71. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Lauren Patricia Flaherty sold 10,793 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $36.75, for a total transaction of $396,642.75. Following the sale, the executive vice president now directly owns 71,123 shares of the company’s stock, valued at approximately $2,613,770.25. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. bought a new position in CA in the 4th quarter worth $97,375,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in CA by 541.5% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 3,150,132 shares of the technology company’s stock worth $105,151,000 after buying an additional 2,659,100 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its holdings in CA by 1,758.9% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,219,309 shares of the technology company’s stock worth $40,699,000 after buying an additional 1,153,717 shares during the period. Mackenzie Financial Corp bought a new position in CA in the 4th quarter worth $16,391,000. Finally, First Trust Advisors LP boosted its holdings in CA by 12.0% in the 4th quarter. First Trust Advisors LP now owns 4,554,082 shares of the technology company’s stock worth $151,560,000 after buying an additional 487,482 shares during the period. 68.01% of the stock is owned by hedge funds and other institutional investors.

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About CA

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.

Analyst Recommendations for CA (NASDAQ:CA)

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