Shares of CA, Inc. (NYSE:CA) have been given a consensus recommendation of “Hold” by the six analysts that are covering the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $35.50.
A number of research analysts have weighed in on the company. Jefferies Group raised their price objective on CA from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Citigroup Inc. lifted their price target on CA from $32.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. Mizuho lowered CA from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Thursday, July 14th. Credit Suisse Group AG reiterated a “hold” rating and set a $34.00 price target on shares of CA in a report on Monday, August 29th. Finally, Barclays PLC lowered CA from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $33.00 to $35.00 in a report on Friday, July 15th.
CA (NYSE:CA) traded down 0.197% on Monday, hitting $33.015. 1,122,418 shares of the stock were exchanged. CA has a 52-week low of $25.18 and a 52-week high of $34.99. The firm has a market cap of $13.83 billion and a PE ratio of 18.342. The stock’s 50 day moving average price is $33.44 and its 200 day moving average price is $32.35.
CA (NYSE:CA) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm earned $999 million during the quarter, compared to analysts’ expectations of $982.21 million. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. Equities research analysts forecast that CA will post $2.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Thursday, August 25th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.09%. This is an increase from CA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, August 23rd.
Several hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. increased its stake in shares of CA by 0.4% in the second quarter. Macquarie Group Ltd. now owns 22,107,439 shares of the company’s stock worth $725,787,000 after buying an additional 77,866 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of CA during the second quarter worth about $392,000. Kentucky Retirement Systems acquired a new stake in shares of CA during the second quarter worth about $826,000. Mason Street Advisors LLC acquired a new stake in shares of CA during the second quarter worth about $1,309,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of CA by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 105,524 shares of the company’s stock worth $3,464,000 after buying an additional 792 shares during the last quarter.
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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