CA Technologies (CA) Reaches New 1-Year High and Low at $37.30

CA Technologies (NASDAQ:CA) shares hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $37.30 and last traded at $37.13, with a volume of 116896 shares changing hands. The stock had previously closed at $36.89.

A number of analysts have recently commented on the company. ValuEngine upgraded CA Technologies from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Zacks Investment Research cut CA Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. BidaskClub upgraded CA Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Finally, Credit Suisse Group restated a “hold” rating and issued a $36.00 price objective on shares of CA Technologies in a research report on Tuesday, March 20th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.84.

The stock has a market cap of $15.16 billion, a P/E ratio of 15.97, a P/E/G ratio of 4.27 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.33 and a quick ratio of 1.33.

CA Technologies (NASDAQ:CA) last issued its quarterly earnings results on Tuesday, May 8th. The technology company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. CA Technologies had a return on equity of 16.89% and a net margin of 11.24%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. analysts forecast that CA Technologies will post 2.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 5th. Investors of record on Thursday, May 17th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Wednesday, May 16th. CA Technologies’s payout ratio is 43.97%.

In related news, EVP Paul L. Pronsati sold 7,196 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $35.28, for a total transaction of $253,874.88. Following the completion of the sale, the executive vice president now directly owns 34,528 shares in the company, valued at $1,218,147.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Anthony J. Radesca sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $36.14, for a total value of $65,052.00. Following the sale, the senior vice president now owns 11,623 shares of the company’s stock, valued at $420,055.22. The disclosure for this sale can be found here. Insiders have sold 178,862 shares of company stock valued at $6,339,518 over the last quarter. 0.90% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. purchased a new stake in CA Technologies in the 4th quarter valued at $97,375,000. Mackenzie Financial Corp purchased a new stake in CA Technologies in the 4th quarter valued at $16,391,000. First Trust Advisors LP grew its holdings in CA Technologies by 12.0% in the 4th quarter. First Trust Advisors LP now owns 4,554,082 shares of the technology company’s stock valued at $151,560,000 after buying an additional 487,482 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in CA Technologies in the 4th quarter valued at $14,534,000. Finally, Guggenheim Capital LLC grew its holdings in CA Technologies by 19.3% in the 4th quarter. Guggenheim Capital LLC now owns 2,238,225 shares of the technology company’s stock valued at $74,488,000 after buying an additional 361,631 shares in the last quarter. Hedge funds and other institutional investors own 69.40% of the company’s stock.

CA Technologies Company Profile

CA, Inc provides software and solutions that help organizations to plan, develop, manage, and secure applications and enterprise environments in the United States and internationally. The company operates through three segments: Enterprise Solutions, Mainframe Solutions, and Services. The Mainframe Solutions segment offers DevOps solutions and tools for development, testing, and deployment that support collaboration across the software development lifecycle and mobile to mainframe teams; operations intelligence and automation solutions; and security and compliance solutions.

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