Liberty Mutual Group Asset Management Inc. lowered its stake in CA Inc. (NASDAQ:CA) by 40.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 12,193 shares of the technology company’s stock after selling 8,191 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in CA were worth $387,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Acrospire Investment Management LLC raised its stake in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares during the last quarter. Hefty Wealth Partners raised its stake in CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock valued at $167,000 after buying an additional 5,182 shares during the last quarter. Tompkins Financial Corp raised its stake in CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock valued at $165,000 after buying an additional 4,022 shares during the last quarter. Penserra Capital Management LLC raised its stake in CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock valued at $179,000 after buying an additional 492 shares during the last quarter. Finally, Creative Planning raised its stake in CA by 43.9% in the first quarter. Creative Planning now owns 5,989 shares of the technology company’s stock valued at $190,000 after buying an additional 1,828 shares during the last quarter. 70.74% of the stock is currently owned by institutional investors and hedge funds.
CA Inc. (NASDAQ CA) traded up 0.90% during midday trading on Monday, reaching $34.73. The company’s stock had a trading volume of 2,640,044 shares. The stock’s 50-day moving average price is $33.64 and its 200 day moving average price is $32.49. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54. The firm has a market capitalization of $14.51 billion, a PE ratio of 18.77 and a beta of 0.87.
CA (NASDAQ:CA) last announced its earnings results on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $996.59 million. CA had a return on equity of 17.15% and a net margin of 19.20%. CA’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. Equities analysts anticipate that CA Inc. will post $2.38 EPS for the current fiscal year.
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Several brokerages have commented on CA. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a research report on Tuesday, July 11th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $34.00 price objective (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 price objective on shares of CA in a research report on Sunday, May 14th. Raymond James Financial, Inc. raised CA from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research report on Monday, May 8th. Finally, Piper Jaffray Companies upped their price objective on CA from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $35.10.
In other CA news, insider Ayman Sayed sold 30,194 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the sale, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.
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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