Chevy Chase Trust Holdings Inc. boosted its stake in CA, Inc. (NASDAQ:CA) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 275,564 shares of the technology company’s stock after purchasing an additional 5,605 shares during the quarter. Chevy Chase Trust Holdings Inc. owned about 0.07% of CA worth $9,198,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Sii Investments Inc. WI lifted its stake in CA by 1.7% in the 2nd quarter. Sii Investments Inc. WI now owns 8,039 shares of the technology company’s stock worth $278,000 after purchasing an additional 131 shares in the last quarter. Security National Bank of Sioux City Iowa IA lifted its stake in CA by 0.6% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 26,759 shares of the technology company’s stock worth $922,000 after purchasing an additional 147 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of CA by 4.2% during the 2nd quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after buying an additional 169 shares in the last quarter. Sentry Investment Management LLC raised its position in shares of CA by 1.3% during the 2nd quarter. Sentry Investment Management LLC now owns 19,884 shares of the technology company’s stock valued at $685,000 after buying an additional 252 shares in the last quarter. Finally, Commerce Bank raised its position in shares of CA by 4.7% during the 2nd quarter. Commerce Bank now owns 8,640 shares of the technology company’s stock valued at $298,000 after buying an additional 384 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.
Shares of CA, Inc. (CA) opened at $33.19 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.24. CA, Inc. has a 1 year low of $30.45 and a 1 year high of $36.54. The firm has a market cap of $13,962.61, a PE ratio of 15.30, a P/E/G ratio of 4.45 and a beta of 0.74.
CA (NASDAQ:CA) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.62 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.62. CA had a net margin of 17.83% and a return on equity of 15.74%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. equities research analysts predict that CA, Inc. will post 2.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Thursday, November 30th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Wednesday, November 29th. CA’s dividend payout ratio (DPR) is currently 58.62%.
In related news, EVP Lauren Patricia Flaherty sold 24,843 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $32.59, for a total value of $809,633.37. Following the sale, the executive vice president now directly owns 82,000 shares of the company’s stock, valued at approximately $2,672,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.
CA has been the topic of several recent research reports. Royal Bank of Canada restated a “hold” rating and set a $32.00 target price on shares of CA in a research report on Monday, August 21st. Credit Suisse Group restated a “neutral” rating and set a $34.00 target price on shares of CA in a research report on Tuesday, September 5th. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. KeyCorp restated a “sector weight” rating on shares of CA in a research report on Sunday, September 17th. Finally, BidaskClub cut shares of CA from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $33.70.
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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