CA (CA) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of CA (NASDAQ:CA) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning.

According to Zacks, “Estimates have been stable for CA of late. We are positive about CA’s acquisition strategy, which has enhanced its IT management, software and services portfolio. Moreover, we believe that the diversity of its products and the increased efficiency offered by them will attract customers across sectors, lending stability to its business model. Additionally, CA’s “go to market” sales strategy integrates the commercial functions of sales, marketing, brand management, pricing and consumer insight, which helps it in lowering costs, thereby improving the bottom line. Nonetheless, intensifying competition from peers, an uncertain economic environment and currency headwinds are other concerns. Notably, the stock has underperformed the industry in the last one year.”

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Several other analysts also recently issued reports on CA. BidaskClub upgraded CA from a hold rating to a buy rating in a research note on Wednesday, February 21st. Argus reiterated a buy rating and set a $33.70 price target (down previously from $40.00) on shares of CA in a research note on Wednesday, February 7th. Jefferies Group reiterated a buy rating and set a $41.00 price target on shares of CA in a research note on Wednesday, January 31st. Barclays upped their price target on CA from $34.00 to $37.00 and gave the stock an equal weight rating in a research note on Wednesday, January 31st. Finally, Credit Suisse Group reiterated a hold rating and set a $36.00 price target on shares of CA in a research note on Tuesday, March 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. CA has a consensus rating of Hold and a consensus target price of $34.23.

Shares of NASDAQ CA opened at $33.18 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. CA has a one year low of $30.45 and a one year high of $37.25. The stock has a market capitalization of $14,137.90, a price-to-earnings ratio of 14.49, a PEG ratio of 3.99 and a beta of 0.70.

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 firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. equities research analysts anticipate that CA will post 2.37 EPS for the current fiscal year.

The firm also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.02 annualized dividend and a dividend yield of 3.07%. CA’s dividend payout ratio is presently 44.54%.

In other CA news, EVP Lauren Patricia Flaherty sold 10,793 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was 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 owns 71,123 shares of the company’s stock, valued at approximately $2,613,770.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jacob Lamm sold 77,610 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $36.77, for a total value of $2,853,719.70. Following the completion of 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 disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Fieldpoint Private Securities LLC acquired a new position in CA in the 3rd quarter valued at approximately $101,000. Ffcm LLC raised its holdings in CA by 1,808.7% in the 4th quarter. Ffcm LLC now owns 3,073 shares of the technology company’s stock valued at $103,000 after acquiring an additional 2,912 shares in the last quarter. Avestar Capital LLC acquired a new position in CA in the 4th quarter valued at approximately $103,000. Captrust Financial Advisors acquired a new position in CA in the 4th quarter valued at approximately $148,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in 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 acquiring an additional 2,259 shares in the last quarter. 67.89% of the stock is owned by hedge funds and other institutional investors.

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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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