Prudential Financial Inc. cut its position in shares of CA, Inc. (NYSE:CA) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 772,395 shares of the company’s stock after selling 20,769 shares during the period. Prudential Financial Inc. owned approximately 0.18% of CA worth $25,358,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in CA during the second quarter worth about $1,251,000. World Asset Management Inc raised its position in CA by 0.6% in the second quarter. World Asset Management Inc now owns 30,367 shares of the company’s stock worth $997,000 after buying an additional 195 shares during the period. Pinnacle Financial Partners Inc. raised its position in CA by 10.1% in the second quarter. Pinnacle Financial Partners Inc. now owns 16,199 shares of the company’s stock worth $551,000 after buying an additional 1,489 shares during the period. Lee Danner & Bass Inc. purchased a new position in CA during the second quarter worth about $277,000. Finally, TradeLink Capital LLC raised its position in CA by 1.7% in the second quarter. TradeLink Capital LLC now owns 10,434 shares of the company’s stock worth $343,000 after buying an additional 175 shares during the period.
Shares of CA, Inc. (NYSE:CA) opened at 32.63 on Friday. CA, Inc. has a 52-week low of $25.18 and a 52-week high of $34.99. The firm has a market cap of $13.67 billion and a P/E ratio of 18.13. The company’s 50-day moving average is $33.62 and its 200-day moving average is $32.25.
CA (NYSE:CA) last released its earnings results on Wednesday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $999 million for the quarter, compared to analyst estimates of $982.21 million. CA’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 earnings per share. Equities research analysts forecast that CA, Inc. will post $2.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Thursday, August 25th were issued a dividend of $0.255 per share. This is a positive change from CA’s previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Tuesday, August 23rd.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Monday, August 1st. Jefferies Group upped their price objective on shares of CA from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Citigroup Inc. upped their price objective on shares of CA from $32.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, July 28th. Mizuho downgraded shares of CA from a “buy” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research note on Thursday, July 14th. Finally, Barclays PLC downgraded shares of CA from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $33.00 to $35.00 in a research note on Friday, July 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. CA presently has a consensus rating of “Hold” and an average price target of $35.50.
CA Company Profile
CA, Inc (CA Technologies) is engaged in providing information technology (IT) management software and solutions. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services. The Mainframe Solutions segment products allow customers and partners transform mainframe management.
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