CA, Inc. (CA) Position Reduced by Texas Permanent School Fund

Texas Permanent School Fund cut its stake in CA, Inc. (NASDAQ:CA) by 7.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,406 shares of the technology company’s stock after selling 5,843 shares during the period. Texas Permanent School Fund’s holdings in CA were worth $3,108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CA. DnB Asset Management AS boosted its position in CA by 5.4% during the second quarter. DnB Asset Management AS now owns 40,894 shares of the technology company’s stock valued at $1,458,000 after acquiring an additional 2,100 shares during the last quarter. IFM Investors Pty Ltd boosted its position in shares of CA by 18.9% during the 2nd quarter. IFM Investors Pty Ltd now owns 18,232 shares of the technology company’s stock worth $650,000 after purchasing an additional 2,893 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of CA by 115.1% during the 2nd quarter. CENTRAL TRUST Co now owns 13,623 shares of the technology company’s stock worth $486,000 after purchasing an additional 7,290 shares in the last quarter. Hexavest Inc. bought a new position in shares of CA during the 2nd quarter worth about $33,372,000. Finally, State of Alaska Department of Revenue boosted its position in shares of CA by 22.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 80,427 shares of the technology company’s stock worth $2,866,000 after purchasing an additional 14,920 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

CA opened at $44.41 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $18.51 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 3.83 and a beta of 0.84. CA, Inc. has a fifty-two week low of $31.97 and a fifty-two week high of $44.44.

CA (NASDAQ:CA) last posted its quarterly earnings data on Monday, August 6th. The technology company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.14). The firm had revenue of $938.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. CA had a net margin of 11.19% and a return on equity of 15.11%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. Equities analysts forecast that CA, Inc. will post 2.57 EPS for the current fiscal year.

In other CA news, insider Ayman Sayed sold 34,562 shares of the stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $43.34, for a total value of $1,497,917.08. Following the completion of the sale, the insider now owns 89,514 shares in the company, valued at approximately $3,879,536.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 67,673 shares of company stock valued at $2,934,811. Company insiders own 0.87% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Argus lowered shares of CA from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Thursday, August 9th. BidaskClub upgraded shares of CA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $44.50 target price on shares of CA in a report on Friday, July 13th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. CA currently has an average rating of “Hold” and a consensus price target of $38.52.

CA Profile

CA, Inc, doing business as CA technologies, develops, markets, delivers, and licenses software products and services in the United States and internationally. It operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment offers solutions for the IBM z Systems platform, which runs various mission critical business applications.

Further Reading: What are the benefits of a balanced fund?

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Institutional Ownership by Quarter for CA (NASDAQ:CA)

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