Glen Harbor Capital Management LLC lifted its stake in shares of CA, Inc. (NASDAQ:CA) by 41.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,230 shares of the technology company’s stock after purchasing an additional 80,234 shares during the quarter. Glen Harbor Capital Management LLC owned about 0.07% of CA worth $9,776,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC purchased a new position in CA in the second quarter worth $1,617,000. Burney Co. raised its position in CA by 4.1% in the second quarter. Burney Co. now owns 157,676 shares of the technology company’s stock worth $5,621,000 after acquiring an additional 6,187 shares in the last quarter. Alphinity Investment Management Pty Ltd raised its position in CA by 56.3% in the second quarter. Alphinity Investment Management Pty Ltd now owns 539,639 shares of the technology company’s stock worth $19,238,000 after acquiring an additional 194,416 shares in the last quarter. Captrust Financial Advisors raised its position in CA by 53.5% in the second quarter. Captrust Financial Advisors now owns 4,458 shares of the technology company’s stock worth $159,000 after acquiring an additional 1,553 shares in the last quarter. Finally, Korea Investment CORP raised its position in CA by 5.5% in the second quarter. Korea Investment CORP now owns 300,393 shares of the technology company’s stock worth $10,709,000 after acquiring an additional 15,700 shares in the last quarter. Institutional investors and hedge funds own 69.86% of the company’s stock.
CA opened at $43.88 on Thursday. 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 firm has a market cap of $18.32 billion, a P/E ratio of 18.91, a P/E/G ratio of 3.78 and a beta of 0.84. CA, Inc. has a 52 week low of $31.45 and a 52 week high of $44.25.
CA (NASDAQ:CA) last posted its quarterly earnings data on Monday, August 6th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.14). The company had revenue of $938.00 million for the quarter, compared to analyst estimates of $1.05 billion. CA had a net margin of 11.19% and a return on equity of 15.11%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. equities analysts predict that CA, Inc. will post 2.58 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 11th. Investors of record on Thursday, August 23rd will be paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Wednesday, August 22nd. CA’s payout ratio is currently 43.97%.
In other CA news, insider Ayman Sayed sold 34,562 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $43.34, for a total value of $1,497,917.08. Following the sale, the insider now directly owns 89,514 shares of the company’s stock, valued at approximately $3,879,536.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 81,531 shares of company stock worth $3,543,039. Corporate insiders own 0.87% of the company’s stock.
CA has been the topic of several research reports. Zacks Investment Research raised 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. Wells Fargo & Co raised CA from an “underperform” rating to a “market perform” rating and upped their target price for the company from $30.00 to $45.00 in a report on Thursday, July 12th. Argus lowered CA from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. BidaskClub raised CA from a “hold” rating to a “buy” rating in a report on Wednesday, May 30th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $44.50 target price on shares of CA in a report on Friday, July 13th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. CA has an average rating of “Hold” and a consensus price target of $38.07.
CA Company Profile
CA, Inc, together with its subsidiaries, 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.
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