Alliancebernstein L.P. Lowers Stake in CA Inc. (CA)

Alliancebernstein L.P. lowered its stake in CA Inc. (NASDAQ:CA) by 3.0% during the first quarter, Holdings Channel reports. The institutional investor owned 554,369 shares of the technology company’s stock after selling 17,275 shares during the period. Alliancebernstein L.P. owned about 0.13% of CA worth $17,585,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Parallel Advisors LLC acquired a new position in CA during the fourth quarter worth $100,000. Acrospire Investment Management LLC increased its position in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock worth $121,000 after buying an additional 2,800 shares during the period. Tompkins Financial Corp boosted its stake in shares of CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock worth $165,000 after buying an additional 4,022 shares in the last quarter. Hefty Wealth Partners boosted its stake in shares of CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock worth $167,000 after buying an additional 5,182 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in shares of CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock worth $179,000 after buying an additional 492 shares in the last quarter. 71.69% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

CA Inc. (CA) traded down 0.53% during trading on Friday, reaching $31.67. 9,378,782 shares of the company were exchanged. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 17.12 and a beta of 0.92. CA Inc. has a one year low of $30.01 and a one year high of $34.99. The firm’s 50 day moving average price is $31.99 and its 200-day moving average price is $32.08.

CA (NASDAQ:CA) last released its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.59 million. CA had a net margin of 19.20% and a return on equity of 17.15%. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, equities research analysts predict that CA Inc. will post $2.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, May 23rd. CA’s payout ratio is 55.14%.

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A number of analysts have commented on CA shares. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Friday, April 28th. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of CA in a research note on Friday, May 12th. Citigroup Inc. reiterated a “neutral” rating and issued a $34.00 price target (up previously from $33.00) on shares of CA in a research note on Sunday, May 14th. Finally, DA Davidson reiterated a “neutral” rating and issued a $12.00 price target on shares of CA in a research note on Friday, May 19th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $35.25.

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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