CA Inc. (NASDAQ:CA)‘s stock had its “hold” rating reissued by equities research analysts at Mizuho in a research note issued to investors on Wednesday. They presently have a $34.00 price target on the technology company’s stock. Mizuho’s price objective points to a potential upside of 4.20% from the company’s current price.
The analysts wrote, “We expect total revenue of around $1,050-1,055mm (up 3-4% Y/Y) vs. consensus if $1,053mm. For profitability, we expect limited upside to consensus expectations of $0.62 due to n-t integration costs. Click here for our detailed preview and model. Software compare is slightly easier. We note: 1) the company is lapping year- ago software line-item performance of +32% (vs. +55% in F1Q) though this is coming off robust sequential performance in the first quarter; 2) bookings expectations seem reasonable with an easier year-ago and sequential compare (though performance remains tied to large renewals and mgmt. has indicated a softer year for renewals in FY18); 3) likely robust contribution from Automic/ Veracode acquisitions for the quarter until the acquisitions anniversary; and 4) the company is lapping some federal deals in the year-ago quarter.””
Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Credit Suisse Group reiterated a “neutral” rating and issued a $34.00 price target on shares of CA in a report on Tuesday, September 5th. BidaskClub upgraded shares of CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 price target (up previously from $35.00) on shares of CA in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $32.00 price target on shares of CA in a report on Monday, August 21st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $34.75.
CA (CA) opened at 32.63 on Wednesday. CA has a 52 week low of $30.01 and a 52 week high of $36.54. The company’s 50-day moving average is $33.46 and its 200 day moving average is $32.89. The company has a market capitalization of $13.75 billion, a price-to-earnings ratio of 18.13 and a beta of 0.83.
CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.05 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share. On average, analysts forecast that CA will post $2.46 EPS for the current fiscal year.
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In related news, insider Michael P. Gregoire sold 71,235 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 285,652 shares in the company, valued at approximately $9,535,063.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the transaction, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 286,056 shares of company stock worth $9,330,507. 0.90% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in CA. Pictet Asset Management Ltd. raised its position in CA by 182.0% in the 3rd quarter. Pictet Asset Management Ltd. now owns 909,370 shares of the technology company’s stock worth $30,355,000 after buying an additional 586,900 shares during the last quarter. Fort Pitt Capital Group LLC raised its position in CA by 6.0% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 1,036,449 shares of the technology company’s stock worth $34,597,000 after buying an additional 58,785 shares during the last quarter. Regentatlantic Capital LLC raised its position in CA by 3.3% in the 3rd quarter. Regentatlantic Capital LLC now owns 331,136 shares of the technology company’s stock worth $11,053,000 after buying an additional 10,602 shares during the last quarter. North Star Asset Management Inc. raised its position in CA by 1.8% in the 3rd quarter. North Star Asset Management Inc. now owns 348,476 shares of the technology company’s stock worth $11,054,000 after buying an additional 6,175 shares during the last quarter. Finally, Korea Investment CORP raised its position in CA by 30.9% in the 3rd quarter. Korea Investment CORP now owns 268,009 shares of the technology company’s stock worth $8,946,000 after buying an additional 63,300 shares during the last quarter. Institutional investors own 67.43% of the company’s stock.
CA Company Profile
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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