Zurcher Kantonalbank Zurich Cantonalbank Sells 5,686 Shares of CA, Inc. (CA)
Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of CA, Inc. (NASDAQ:CA) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,710 shares of the technology company’s stock after selling 5,686 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CA were worth $2,154,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in CA. Fieldpoint Private Securities LLC acquired a new position in CA during the 3rd quarter worth about $101,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of CA by 56.3% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock valued at $210,000 after purchasing an additional 2,259 shares during the period. Magnetar Financial LLC acquired a new position in shares of CA in the 3rd quarter valued at about $231,000. Atria Investments LLC acquired a new position in shares of CA in the 4th quarter valued at about $248,000. Finally, Stevens Capital Management LP acquired a new position in shares of CA in the 3rd quarter valued at about $269,000. 68.98% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on CA. Oppenheimer reissued a “hold” rating on shares of CA in a research note on Wednesday, January 31st. Argus reissued a “buy” rating and issued a $33.70 price objective (down from $40.00) on shares of CA in a research note on Wednesday, February 7th. BidaskClub downgraded CA from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Zacks Investment Research raised CA from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Friday, February 2nd. Finally, Barclays boosted their price objective on CA from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $34.23.
CA (NASDAQ:CA) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.20. CA had a return on equity of 16.52% and a net margin of 10.23%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted $0.63 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. equities analysts anticipate that CA, Inc. will post 2.37 earnings per share for the current fiscal year.
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 given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Wednesday, February 21st. CA’s payout ratio is 100.99%.
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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