CA Technologies (NASDAQ:CA)’s share price hit a new 52-week high and low during trading on Thursday . The stock traded as low as $37.30 and last traded at $37.13, with a volume of 116896 shares trading hands. The stock had previously closed at $36.89.
Several equities analysts have recently commented on the company. ValuEngine raised CA Technologies from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Zacks Investment Research lowered CA Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. BidaskClub raised CA Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $36.00 price target on shares of CA Technologies in a research note on Tuesday, March 20th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $33.84.
The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $15.16 billion, a PE ratio of 15.97, a PEG ratio of 4.27 and a beta of 0.69.
CA Technologies (NASDAQ:CA) last posted its earnings results on Tuesday, May 8th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. CA Technologies had a return on equity of 16.89% and a net margin of 11.24%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company earned $0.54 EPS. CA Technologies’s revenue was up 7.0% on a year-over-year basis. research analysts anticipate that CA Technologies will post 2.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 5th. Investors of record on Thursday, May 17th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Wednesday, May 16th. CA Technologies’s payout ratio is 43.97%.
In other CA Technologies news, SVP Anthony J. Radesca sold 1,800 shares of the stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $36.14, for a total value of $65,052.00. Following the sale, the senior vice president now owns 11,623 shares of the company’s stock, valued at approximately $420,055.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul L. Pronsati sold 7,196 shares of the stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $35.28, for a total value of $253,874.88. Following the completion of the sale, the executive vice president now directly owns 34,528 shares in the company, valued at approximately $1,218,147.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,862 shares of company stock worth $6,339,518. 0.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB raised its position in CA Technologies by 4.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 72,768 shares of the technology company’s stock valued at $2,467,000 after purchasing an additional 3,170 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in CA Technologies in the 1st quarter valued at about $237,000. Rhumbline Advisers raised its position in CA Technologies by 0.5% in the 1st quarter. Rhumbline Advisers now owns 723,298 shares of the technology company’s stock valued at $24,520,000 after purchasing an additional 3,897 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in CA Technologies by 5.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 102,295 shares of the technology company’s stock valued at $3,404,000 after purchasing an additional 5,180 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in CA Technologies by 86.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 213,955 shares of the technology company’s stock valued at $7,121,000 after purchasing an additional 99,280 shares in the last quarter. 69.40% of the stock is currently owned by institutional investors.
About CA Technologies
CA, Inc provides software and solutions that help organizations to plan, develop, manage, and secure applications and enterprise environments in the United States and internationally. The company operates through three segments: Enterprise Solutions, Mainframe Solutions, and Services. The Mainframe Solutions segment offers DevOps solutions and tools for development, testing, and deployment that support collaboration across the software development lifecycle and mobile to mainframe teams; operations intelligence and automation solutions; and security and compliance solutions.
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