BlueMountain Capital Management LLC Purchases Shares of 45,365 CA, Inc. (CA)
BlueMountain Capital Management LLC purchased a new stake in CA, Inc. (NASDAQ:CA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 45,365 shares of the technology company’s stock, valued at approximately $1,617,000.
A number of other large investors also recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its holdings in shares of CA by 773.5% during the second quarter. BNP Paribas Arbitrage SA now owns 1,146,707 shares of the technology company’s stock worth $40,880,000 after purchasing an additional 1,015,436 shares during the last quarter. Hexavest Inc. bought a new stake in shares of CA during the second quarter worth $33,372,000. Teacher Retirement System of Texas grew its holdings in shares of CA by 134.9% during the second quarter. Teacher Retirement System of Texas now owns 906,999 shares of the technology company’s stock worth $32,335,000 after purchasing an additional 520,913 shares during the last quarter. WBI Investments Inc. bought a new stake in shares of CA during the second quarter worth $14,656,000. Finally, Wedge Capital Management L L P NC grew its holdings in shares of CA by 30.3% during the second quarter. Wedge Capital Management L L P NC now owns 1,745,353 shares of the technology company’s stock worth $62,222,000 after purchasing an additional 405,633 shares during the last quarter. Hedge funds and other institutional investors own 69.86% of the company’s stock.
In related news, insider Ayman Sayed sold 14,418 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $43.56, for a total value of $628,048.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 81,531 shares of company stock worth $3,543,039. 0.87% of the stock is owned by company insiders.
CA (NASDAQ:CA) last posted its quarterly earnings results on Monday, August 6th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.14). The firm had revenue of $938.00 million during the quarter, compared to the consensus estimate of $1.05 billion. CA had a net margin of 11.19% and a return on equity of 15.11%. CA’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 EPS. equities analysts predict that CA, Inc. will post 2.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 11th. Investors of record on Thursday, August 23rd were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.32%. The ex-dividend date was Wednesday, August 22nd. CA’s dividend payout ratio is 43.97%.
Several analysts have recently commented on CA shares. Zacks Investment Research upgraded CA from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Thursday, August 9th. Wells Fargo & Co upgraded CA from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $30.00 to $45.00 in a report on Thursday, July 12th. Argus cut CA from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. BidaskClub upgraded CA from a “hold” rating to a “buy” rating in a report on Wednesday, May 30th. Finally, Royal Bank of Canada restated a “hold” rating and set a $44.50 target price on shares of CA in a report on Friday, July 13th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. CA presently has a consensus rating of “Hold” and an average target price of $38.07.
CA Company Profile
CA, Inc, together with its subsidiaries, develops, markets, delivers, and licenses software products and services in the United States and internationally. It operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment offers solutions for the IBM z Systems platform, which runs various mission critical business applications.
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