California State Teachers Retirement System boosted its holdings in shares of CA, Inc. (NASDAQ:CA) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 611,250 shares of the technology company’s stock after acquiring an additional 42,133 shares during the quarter. California State Teachers Retirement System’s holdings in CA were worth $20,342,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CA. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of CA by 1,758.9% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,219,309 shares of the technology company’s stock worth $40,699,000 after buying an additional 1,153,717 shares during the period. Jane Street Group LLC lifted its holdings in shares of CA by 525.6% in the 3rd quarter. Jane Street Group LLC now owns 68,952 shares of the technology company’s stock worth $2,302,000 after buying an additional 85,152 shares during the period. Swiss National Bank lifted its holdings in shares of CA by 0.8% in the 4th quarter. Swiss National Bank now owns 1,164,222 shares of the technology company’s stock worth $38,745,000 after buying an additional 9,600 shares during the period. California Public Employees Retirement System lifted its holdings in shares of CA by 5.1% in the 3rd quarter. California Public Employees Retirement System now owns 890,473 shares of the technology company’s stock worth $29,724,000 after buying an additional 43,101 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in shares of CA in the 3rd quarter worth $562,000. Institutional investors own 67.89% of the company’s stock.
CA, Inc. (CA) opened at $35.38 on Tuesday. CA, Inc. has a 1 year low of $30.45 and a 1 year high of $37.25. The stock has a market capitalization of $14,921.72, a PE ratio of 15.63, a P/E/G ratio of 4.53 and a beta of 0.69. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24.
CA (NASDAQ:CA) last announced its earnings results on Tuesday, January 30th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.20. CA had a return on equity of 16.52% and a net margin of 10.23%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company posted $0.63 EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. equities analysts predict that CA, Inc. will post 2.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Thursday, February 22nd were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.88%. The ex-dividend date was Wednesday, February 21st. CA’s dividend payout ratio is currently 100.99%.
CA has been the subject of several recent research reports. BidaskClub lowered CA from a “buy” rating to a “hold” rating in a research report on Thursday, March 15th. Oppenheimer reissued a “hold” rating on shares of CA in a research report on Wednesday, January 31st. Barclays boosted their price target on CA from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Argus reissued a “buy” rating and issued a $33.70 price target (down from $40.00) on shares of CA in a research report on Wednesday, February 7th. Finally, Evercore ISI reissued a “sell” rating and issued a $36.00 price target on shares of CA in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $34.23.
In related news, EVP Jacob Lamm sold 77,610 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $36.77, for a total transaction of $2,853,719.70. Following the transaction, the executive vice president now directly owns 71,223 shares of the company’s stock, valued at approximately $2,618,869.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lauren Patricia Flaherty sold 10,793 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $36.75, for a total value of $396,642.75. Following the completion of the transaction, the executive vice president now directly owns 71,123 shares in the company, valued at $2,613,770.25. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.
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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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