Robeco Institutional Asset Management B.V. cut its stake in CA Inc. (NASDAQ:CA) by 40.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 425,788 shares of the technology company’s stock after selling 287,197 shares during the period. Robeco Institutional Asset Management B.V. owned 0.10% of CA worth $14,213,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in CA. Northwestern Mutual Wealth Management Co. increased its position in shares of CA by 26.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after acquiring an additional 654 shares in the last quarter. Bessemer Group Inc. increased its position in shares of CA by 419.6% during the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock valued at $134,000 after acquiring an additional 3,126 shares in the last quarter. D.A. Davidson & CO. grew its position in CA by 4.2% in the 2nd quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock worth $145,000 after purchasing an additional 169 shares during the period. CENTRAL TRUST Co grew its position in CA by 7.4% in the 2nd quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock worth $159,000 after purchasing an additional 319 shares during the period. Finally, AT Bancorp bought a new stake in CA in the 2nd quarter worth approximately $165,000. Hedge funds and other institutional investors own 67.66% of the company’s stock.
CA Inc. (CA) traded up $0.19 during midday trading on Friday, hitting $32.45. 1,677,400 shares of the company’s stock were exchanged, compared to its average volume of 2,594,144. The stock has a market capitalization of $13,502.21, a PE ratio of 14.80, a P/E/G ratio of 4.30 and a beta of 0.74. CA Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $36.54. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42.
CA (NASDAQ:CA) last released 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. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.05 billion. CA had a net margin of 17.83% and a return on equity of 15.74%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. sell-side analysts forecast that CA Inc. will post 2.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Thursday, November 30th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.02 annualized dividend and a yield of 3.14%. CA’s dividend payout ratio is presently 58.62%.
In other news, insider Ayman Sayed sold 18,694 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $32.47, for a total value of $606,994.18. Following the transaction, the insider now directly owns 120,196 shares of the company’s stock, valued at $3,902,764.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael P. Gregoire sold 71,235 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $33.38, for a total transaction of $2,377,824.30. Following the completion of the transaction, the insider now directly owns 285,652 shares in the company, valued at $9,535,063.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,358 shares of company stock worth $4,349,052. 0.90% of the stock is owned by company insiders.
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A number of equities research analysts have recently issued reports on CA shares. BidaskClub cut shares of CA from a “sell” rating to a “strong sell” rating in a research note on Thursday. Mizuho reiterated a “hold” rating and issued a $34.00 price target on shares of CA in a research note on Friday, July 28th. Zacks Investment Research cut shares of CA from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Credit Suisse Group reiterated a “neutral” rating and issued a $34.00 price target on shares of CA in a research note on Tuesday, September 5th. Finally, 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 Wednesday, August 9th. Four equities research 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’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $34.68.
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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