Los Angeles Capital Management & Equity Research Inc. Cuts Holdings in CA Inc. (CA)

Los Angeles Capital Management & Equity Research Inc. cut its holdings in shares of CA Inc. (NASDAQ:CA) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 312,828 shares of the technology company’s stock after selling 11,079 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.08% of CA worth $10,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Cleararc Capital Inc. raised its position in shares of CA by 0.4% in the 1st quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock valued at $243,000 after acquiring an additional 32 shares during the period. Hefty Wealth Partners raised its position in shares of CA by 0.6% in the 2nd quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock valued at $183,000 after acquiring an additional 32 shares during the period. Advisor Partners LLC raised its position in shares of CA by 0.9% in the 2nd quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock valued at $253,000 after acquiring an additional 64 shares during the period. U S Global Investors Inc raised its position in shares of CA by 0.6% in the 1st quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock valued at $492,000 after acquiring an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of CA by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock valued at $669,000 after acquiring an additional 100 shares during the period. Institutional investors own 67.51% of the company’s stock.

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In other news, insider Adam Elster sold 166,621 shares of the firm’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 completion of the transaction, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ayman Sayed sold 18,694 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $32.47, for a total value of $606,994.18. Following the completion of the transaction, the insider now owns 120,196 shares of the company’s stock, valued at approximately $3,902,764.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 228,666 shares of company stock worth $7,481,319. 0.90% of the stock is owned by corporate insiders.

CA Inc. (NASDAQ:CA) opened at 33.16 on Friday. The firm has a 50-day moving average price of $32.60 and a 200-day moving average price of $32.57. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54. The company has a market cap of $13.97 billion, a PE ratio of 18.42 and a beta of 0.82.

CA (NASDAQ:CA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 EPS. On average, analysts forecast that CA Inc. will post $2.46 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 24th will be given a dividend of $0.255 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.02 annualized dividend and a yield of 3.08%. CA’s payout ratio is 56.67%.

A number of analysts recently weighed in on CA shares. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price target on shares of CA in a research report on Wednesday, June 21st. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 price target (up from $35.00) on shares of CA in a research report on Thursday, August 3rd. Mizuho reiterated a “hold” rating and issued a $34.00 price target on shares of CA in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $32.00 price target on shares of CA in a research report on Monday, August 21st. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $34.88.

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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Institutional Ownership by Quarter for CA (NASDAQ:CA)

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