Hovde Group upgraded shares of CA, Inc. (NYSE:CA) from a market perform rating to an outperform rating in a research note released on Saturday. They currently have $26.00 price target on the stock, up from their prior price target of $24.75.
CA has been the subject of a number of other research reports. Zacks Investment Research upgraded CA from a hold rating to a buy rating and set a $39.00 target price for the company in a report on Monday, August 1st. Credit Suisse Group AG reiterated a hold rating and issued a $34.00 price objective on shares of CA in a report on Monday, August 29th. Barclays PLC downgraded CA from an overweight rating to an equal weight rating and increased their price objective for the stock from $33.00 to $35.00 in a report on Friday, July 15th. Jefferies Group increased their price objective on CA from $36.00 to $38.00 and gave the stock a buy rating in a report on Thursday, July 28th. Finally, Citigroup Inc. increased their price objective on CA from $32.00 to $33.00 and gave the stock a neutral rating in a report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $34.14.
CA (NYSE:CA) opened at 32.98 on Friday. CA has a one year low of $25.18 and a one year high of $34.99. The stock has a market capitalization of $13.82 billion and a P/E ratio of 18.32. The company has a 50 day moving average of $33.30 and a 200-day moving average of $32.44.
CA (NYSE:CA) last announced its earnings results on Wednesday, July 27th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $999 million for the quarter, compared to the consensus estimate of $982.21 million. CA’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 EPS. Equities research analysts predict that CA will post $2.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Thursday, August 25th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, August 23rd. This is an increase from CA’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a dividend yield of 3.09%.
Institutional investors have recently modified their holdings of the stock. Advantus Capital Management Inc increased its position in shares of CA by 0.4% in the second quarter. Advantus Capital Management Inc now owns 28,570 shares of the company’s stock valued at $938,000 after buying an additional 110 shares during the last quarter. Calvert Investment Management Inc. increased its position in shares of CA by 1.0% in the second quarter. Calvert Investment Management Inc. now owns 17,316 shares of the company’s stock valued at $568,000 after buying an additional 164 shares during the last quarter. TradeLink Capital LLC increased its position in shares of CA by 1.7% in the second quarter. TradeLink Capital LLC now owns 10,434 shares of the company’s stock valued at $343,000 after buying an additional 175 shares during the last quarter. World Asset Management Inc increased its position in shares of CA by 0.6% in the second quarter. World Asset Management Inc now owns 30,367 shares of the company’s stock valued at $997,000 after buying an additional 195 shares during the last quarter. Finally, Eaton Vance Management increased its position in shares of CA by 3.0% in the second quarter. Eaton Vance Management now owns 7,766 shares of the company’s stock valued at $255,000 after buying an additional 228 shares during the last quarter.
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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