47,700 Shares in CA Inc. (CA) Acquired by OMERS ADMINISTRATION Corp
OMERS ADMINISTRATION Corp bought a new position in CA Inc. (NASDAQ:CA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 47,700 shares of the technology company’s stock, valued at approximately $1,644,000.
Several other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC raised its position in shares of CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock worth $106,000 after buying an additional 107 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock worth $121,000 after buying an additional 2,800 shares during the last quarter. Bessemer Group Inc. raised its position in shares of CA by 419.6% in the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock worth $134,000 after buying an additional 3,126 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock worth $159,000 after buying an additional 319 shares during the last quarter. Finally, AT Bancorp purchased a new position in shares of CA during the second quarter worth $165,000. 67.48% of the stock is currently owned by institutional investors.
CA Inc. (CA) opened at 33.18 on Friday. CA Inc. has a 52 week low of $30.01 and a 52 week high of $36.54. The firm has a 50-day moving average price of $32.83 and a 200-day moving average price of $32.53. The company has a market cap of $13.98 billion, a P/E ratio of 18.43 and a beta of 0.86.
CA (NASDAQ:CA) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that CA Inc. will post $2.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
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A number of brokerages have recently weighed in on CA. Citigroup Inc. reaffirmed a “neutral” rating and set a $34.00 target price (up from $33.00) on shares of CA in a research report on Sunday, May 14th. BidaskClub raised CA from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Barclays PLC reaffirmed an “equal weight” rating and set a $36.00 target price (up from $35.00) on shares of CA in a research report on Wednesday, August 9th. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 price target on shares of CA in a report on Sunday, May 14th. Finally, Raymond James Financial, Inc. upgraded CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Monday, May 8th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $34.95.
In related news, insider Ayman Sayed sold 18,694 shares of CA stock in a transaction on Monday, August 14th. The stock was sold at an average price of $32.47, for a total value of $606,994.18. Following the completion of the sale, the insider now owns 120,196 shares of the company’s stock, valued at $3,902,764.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Elster sold 166,621 shares of CA 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 sale, the insider now directly owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. Insiders sold 228,666 shares of company stock valued at $7,481,319 in the last 90 days. Company 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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