CA (CA) Reaches New 12-Month High at $46.47

CA, Inc. (NASDAQ:CA) shares reached a new 52-week high during trading on Thursday . The company traded as high as $46.47 and last traded at $43.42, with a volume of 856109 shares changing hands. The stock had previously closed at $42.83.

Several research analysts recently issued reports on CA shares. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Thursday, August 9th. BidaskClub upgraded shares of CA from a “hold” rating to a “buy” rating in a research report on Friday. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a research report on Thursday, July 12th. TheStreet lowered shares of CA from an “a-” rating to a “c” rating in a research report on Wednesday, July 11th. Finally, Argus lowered shares of CA from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $38.07.

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 stock has a market cap of $18.46 billion, a PE ratio of 18.84, a PEG ratio of 3.82 and a beta of 0.84.

CA (NASDAQ:CA) last posted its quarterly earnings results on Monday, August 6th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.14). CA had a net margin of 11.19% and a return on equity of 15.11%. The business had revenue of $938.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The business’s quarterly revenue was down 8.5% on a year-over-year basis. Analysts forecast that CA, Inc. will post 2.57 EPS for the current fiscal year.

In other CA news, insider Ayman Sayed sold 18,693 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $43.27, for a total transaction of $808,846.11. Following the completion of the sale, the insider now directly owns 89,514 shares in the company, valued at $3,873,270.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 67,673 shares of company stock valued at $2,934,811. Company insiders own 0.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Standard Life Aberdeen plc raised its stake in shares of CA by 1.3% during the second quarter. Standard Life Aberdeen plc now owns 632,043 shares of the technology company’s stock valued at $22,535,000 after acquiring an additional 8,009 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of CA by 1.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,260,352 shares of the technology company’s stock valued at $44,932,000 after acquiring an additional 23,026 shares during the last quarter. Amalgamated Bank raised its stake in shares of CA by 3.2% during the second quarter. Amalgamated Bank now owns 40,372 shares of the technology company’s stock valued at $1,439,000 after acquiring an additional 1,238 shares during the last quarter. Millennium Management LLC raised its stake in shares of CA by 4.5% during the second quarter. Millennium Management LLC now owns 1,769,906 shares of the technology company’s stock valued at $63,097,000 after acquiring an additional 76,147 shares during the last quarter. Finally, Glenmede Trust Co. NA raised its stake in shares of CA by 1,328.6% during the second quarter. Glenmede Trust Co. NA now owns 709,097 shares of the technology company’s stock valued at $25,279,000 after acquiring an additional 659,460 shares during the last quarter. Institutional investors and hedge funds own 69.87% of the company’s stock.

CA Company Profile (NASDAQ:CA)

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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