Shares of CA Technologies (NASDAQ:CA) reached a new 52-week high during trading on Friday . The stock traded as high as $37.35 and last traded at $37.27, with a volume of 4248600 shares changing hands. The stock had previously closed at $37.06.
Several analysts have commented on the stock. ValuEngine raised shares of CA Technologies from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. BidaskClub raised shares of CA Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 30th. Zacks Investment Research lowered shares of CA Technologies from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $36.00 price objective on shares of CA Technologies in a research report on Tuesday, March 20th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. CA Technologies currently has a consensus rating of “Hold” and an average price target of $33.84.
The stock has a market cap of $15.53 billion, a P/E ratio of 15.86, a P/E/G ratio of 4.37 and a beta of 0.69. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.43.
CA Technologies (NASDAQ:CA) last announced its quarterly earnings data on Tuesday, May 8th. The technology company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. CA Technologies had a net margin of 11.24% and a return on equity of 16.89%. CA Technologies’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. analysts predict that CA Technologies will post 2.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 5th. Investors of record on Thursday, May 17th were issued a $0.255 dividend. The ex-dividend date was Wednesday, May 16th. This represents a $1.02 annualized dividend and a yield of 2.74%. CA Technologies’s dividend payout ratio (DPR) is presently 43.97%.
In related news, EVP Paul L. Pronsati sold 7,196 shares of the stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $35.28, for a total value of $253,874.88. Following the transaction, the executive vice president now owns 34,528 shares in the company, valued at approximately $1,218,147.84. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael P. Gregoire sold 86,163 shares of the stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $36.00, for a total transaction of $3,101,868.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,862 shares of company stock worth $6,339,518. 0.90% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Avestar Capital LLC acquired a new stake in shares of CA Technologies during the 4th quarter worth approximately $103,000. Captrust Financial Advisors acquired a new stake in shares of CA Technologies during the 4th quarter worth approximately $148,000. Zeke Capital Advisors LLC acquired a new stake in shares of CA Technologies during the 1st quarter worth approximately $237,000. Advisory Services Network LLC grew its stake in shares of CA Technologies by 235.6% during the 4th quarter. Advisory Services Network LLC now owns 7,158 shares of the technology company’s stock worth $238,000 after purchasing an additional 5,025 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of CA Technologies by 575.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,377 shares of the technology company’s stock worth $245,000 after purchasing an additional 6,285 shares during the period. Institutional investors own 69.40% of the company’s stock.
About CA Technologies
CA, Inc provides software and solutions that help organizations to plan, develop, manage, and secure applications and enterprise environments in the United States and internationally. The company operates through three segments: Enterprise Solutions, Mainframe Solutions, and Services. The Mainframe Solutions segment offers DevOps solutions and tools for development, testing, and deployment that support collaboration across the software development lifecycle and mobile to mainframe teams; operations intelligence and automation solutions; and security and compliance solutions.
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