CA Inc. (CA) Insider Michael P. Gregoire Sells 71,235 Shares
CA Inc. (NASDAQ:CA) insider Michael P. Gregoire sold 71,235 shares of the business’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 sale, the insider now owns 285,652 shares in the company, valued at $9,535,063.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
CA Inc. (NASDAQ CA) traded down 0.27% during trading on Wednesday, hitting $33.46. The stock had a trading volume of 1,094,314 shares. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54. The company has a 50-day moving average of $32.54 and a 200 day moving average of $32.60. The firm has a market cap of $14.10 billion, a P/E ratio of 18.59 and a beta of 0.82.
CA (NASDAQ:CA) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) 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 for 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 was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that CA Inc. will post $2.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th were issued a $0.255 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $1.02 annualized dividend and a dividend yield of 3.05%. CA’s dividend payout ratio (DPR) is 56.67%.
A number of analysts recently issued reports on CA shares. BidaskClub lowered CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Sanford C. Bernstein reiterated an “underperform” rating and set a $28.00 price objective on shares of CA in a research note on Wednesday, June 28th. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a research report on Tuesday, July 11th. Barclays PLC restated an “equal weight” rating and set a $36.00 target price (up from $35.00) on shares of CA in a research report on Thursday, August 3rd. Finally, Citigroup Inc. boosted their target price on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. CA currently has a consensus rating of “Hold” and an average price target of $34.88.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fort Pitt Capital Group LLC grew its position in CA by 0.6% in the first quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after acquiring an additional 6,328 shares in the last quarter. Bank of New York Mellon Corp grew its position in CA by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after acquiring an additional 2,691,791 shares in the last quarter. Louisiana State Employees Retirement System grew its position in CA by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after acquiring an additional 100 shares in the last quarter. TLP Group LLC purchased a new position in CA in the first quarter worth about $381,000. Finally, Highland Capital Management LLC purchased a new position in CA in the second quarter worth about $202,000. Institutional investors own 67.51% 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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