CA Inc. (NASDAQ:CA) announced a quarterly dividend on Wednesday, August 9th, RTT News reports. Stockholders of record on Thursday, August 24th will be paid a dividend of 0.255 per share by the technology company on Tuesday, September 12th. This represents a $1.02 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Tuesday, August 22nd.
Shares of CA (CA) traded down 0.03% during midday trading on Friday, hitting $32.37. The stock had a trading volume of 2,864,650 shares. The stock’s 50 day moving average price is $33.21 and its 200 day moving average price is $32.45. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 17.98 and a beta of 0.86. CA has a 12 month low of $30.01 and a 12 month high of $36.54.
CA (NASDAQ:CA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. CA’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 earnings per share. On average, equities analysts forecast that CA will post $2.46 EPS for the current fiscal year.
Several research firms have recently weighed in on CA. Jefferies Group LLC restated a “buy” rating and issued a $38.00 target price on shares of CA in a research report on Sunday, May 14th. FIG Partners upgraded CA to an “outperform” rating and lifted their price objective for the stock from $40.00 to $42.25 in a research report on Wednesday, May 3rd. Barclays PLC reiterated an “equal weight” rating and set a $36.00 price objective (up previously from $35.00) on shares of CA in a research report on Thursday, August 3rd. Zacks Investment Research upgraded 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. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of CA in a research note on Friday, May 12th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. CA currently has a consensus rating of “Hold” and an average price target of $35.09.
In related news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the sale, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total value of $1,075,510.28. Following the completion of the sale, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 228,666 shares of company stock valued at $7,481,319. 0.90% of the stock is currently owned by company insiders.
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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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