CA Inc. (CA) Stake Lifted by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. grew its holdings in CA Inc. (NASDAQ:CA) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,721 shares of the technology company’s stock after purchasing an additional 990 shares during the quarter. Buckingham Capital Management Inc.’s holdings in CA were worth $921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CA. Parallel Advisors LLC lifted its stake in shares of CA by 3.4% in the 1st quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after purchasing an additional 107 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of CA by 26.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after purchasing an additional 654 shares during the period. Acrospire Investment Management LLC lifted its stake in shares of CA by 280.0% in the 1st quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after purchasing an additional 2,800 shares during the period. Bessemer Group Inc. lifted its stake in shares of CA by 419.6% in the 2nd quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock valued at $134,000 after purchasing an additional 3,126 shares during the period. Finally, CENTRAL TRUST Co lifted its stake in shares of CA by 7.4% in the 2nd quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after purchasing an additional 319 shares during the period. 67.51% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on CA. Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Sanford C. Bernstein reissued an “underperform” rating and issued a $28.00 price objective on shares of CA in a research note on Wednesday, June 28th. Citigroup Inc. boosted their price objective on CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, June 28th. Zacks Investment Research downgraded CA from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, BidaskClub downgraded CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $34.88.

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Shares of CA Inc. (NASDAQ CA) traded up 0.21% during mid-day trading on Tuesday, reaching $33.48. The company’s stock had a trading volume of 346,454 shares. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The company has a market cap of $14.10 billion, a P/E ratio of 18.60 and a beta of 0.82. The company has a 50-day moving average of $32.55 and a 200-day moving average of $32.58.

CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business earned $0.64 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. Equities research analysts forecast that CA Inc. will post $2.46 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.02 annualized dividend and a dividend yield of 3.05%. CA’s payout ratio is 56.67%.

In related news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total value of $1,075,510.28. Following the completion of the transaction, the insider now directly owns 168,455 shares in the company, valued at approximately $6,000,367.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam Elster sold 166,621 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the transaction, the insider now owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold 228,666 shares of company stock valued at $7,481,319 over the last quarter. Company insiders own 0.90% of the company’s stock.

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.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

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