The Manufacturers Life Insurance Company lifted its holdings in shares of CA, Inc. (NASDAQ:CA) by 59.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 493,216 shares of the technology company’s stock after acquiring an additional 183,193 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in CA were worth $16,415,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Fox Run Management L.L.C. purchased a new stake in CA in the third quarter valued at approximately $514,000. Korea Investment CORP boosted its position in CA by 30.9% in the third quarter. Korea Investment CORP now owns 268,009 shares of the technology company’s stock valued at $8,946,000 after buying an additional 63,300 shares during the last quarter. Regentatlantic Capital LLC boosted its position in CA by 3.3% in the third quarter. Regentatlantic Capital LLC now owns 331,136 shares of the technology company’s stock valued at $11,053,000 after buying an additional 10,602 shares during the last quarter. Fort Pitt Capital Group LLC boosted its position in CA by 6.0% in the third quarter. Fort Pitt Capital Group LLC now owns 1,036,449 shares of the technology company’s stock valued at $34,597,000 after buying an additional 58,785 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in CA by 182.0% in the third quarter. Pictet Asset Management Ltd. now owns 909,370 shares of the technology company’s stock valued at $30,355,000 after buying an additional 586,900 shares during the last quarter. Institutional investors and hedge funds own 68.89% of the company’s stock.
CA, Inc. (CA) opened at $35.43 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $14,771.62, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 4.48 and a beta of 0.70. CA, Inc. has a twelve month low of $30.45 and a twelve month high of $36.56.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, February 21st. CA’s payout ratio is 100.99%.
A number of brokerages recently commented on CA. Zacks Investment Research lowered CA from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Credit Suisse Group upped their target price on CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. BidaskClub downgraded CA from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Jefferies Group reissued a “buy” rating and issued a $41.00 price target on shares of CA in a report on Wednesday, January 31st. Finally, Barclays boosted their price target on CA from $34.00 to $37.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $34.23.
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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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