MML Investors Services LLC decreased its position in shares of CA, Inc. (NASDAQ:CA) by 21.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,298 shares of the technology company’s stock after selling 7,114 shares during the period. MML Investors Services LLC’s holdings in CA were worth $842,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Norinchukin Bank The lifted its holdings in shares of CA by 6.4% during the 4th quarter. Norinchukin Bank The now owns 26,457 shares of the technology company’s stock valued at $880,000 after buying an additional 1,582 shares during the period. Vident Investment Advisory LLC raised its holdings in CA by 2.7% during the third quarter. Vident Investment Advisory LLC now owns 70,853 shares of the technology company’s stock valued at $2,365,000 after acquiring an additional 1,837 shares during the period. Palo Capital Inc. raised its holdings in CA by 7.5% during the fourth quarter. Palo Capital Inc. now owns 26,788 shares of the technology company’s stock valued at $892,000 after acquiring an additional 1,860 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in CA by 3.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 57,393 shares of the technology company’s stock valued at $1,910,000 after acquiring an additional 2,008 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of CA by 13.3% during the third quarter. Pacer Advisors Inc. now owns 17,571 shares of the technology company’s stock valued at $587,000 after purchasing an additional 2,060 shares in the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.
CA has been the subject of several analyst reports. BidaskClub raised shares of CA from a “sell” rating to a “hold” rating in a research note on Saturday, December 9th. Credit Suisse Group lifted their price target on shares of CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Oppenheimer reaffirmed a “hold” rating on shares of CA in a research note on Wednesday, January 31st. Barclays boosted their price objective on shares of CA from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $41.00 price target on shares of CA in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $34.23.
In other CA news, EVP Jacob Lamm sold 77,610 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $36.77, for a total transaction of $2,853,719.70. Following the sale, the executive vice president now directly owns 71,223 shares in the company, valued at approximately $2,618,869.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Lauren Patricia Flaherty sold 10,793 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $36.75, for a total transaction of $396,642.75. Following the sale, the executive vice president now owns 71,123 shares in the company, valued at $2,613,770.25. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.
Shares of CA traded down $0.73 during mid-day trading on Friday, hitting $33.18. 2,151,029 shares of the company were exchanged, compared to its average volume of 2,732,882. CA, Inc. has a 1-year low of $30.45 and a 1-year high of $37.25. The company has a market cap of $14,108.71, a PE ratio of 14.49, a price-to-earnings-growth ratio of 3.98 and a beta of 0.70. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44.
CA (NASDAQ:CA) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.20. CA had a net margin of 10.23% and a return on equity of 16.52%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. sell-side analysts expect that CA, Inc. will post 2.37 earnings per share for the current year.
The business 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 dividend on an annualized basis and a dividend yield of 3.07%. CA’s payout ratio is currently 44.54%.
COPYRIGHT VIOLATION NOTICE: “MML Investors Services LLC Has $842,000 Stake in CA, Inc. (CA)” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/04/07/mml-investors-services-llc-has-842000-stake-in-ca-inc-ca.html.
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.
Receive News & Ratings for CA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CA and related companies with MarketBeat.com's FREE daily email newsletter.