Published On: Sun, Sep 18th, 2016

CA, Inc. (CA) Price Target Raised to $33.00

CA, Inc. (NYSE:CA) had its price objective increased by research analysts at Citigroup Inc. from $32.00 to $33.00 in a research report issued on Thursday. The brokerage presently has a “neutral” rating on the stock. Citigroup Inc.’s target price would indicate a potential upside of 3.29% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the stock. Jefferies Group restated a “buy” rating on shares of CA in a research note on Thursday, June 2nd. Barclays PLC downgraded shares of CA from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $33.00 to $35.00 in a research note on Friday, July 15th. Finally, Mizuho downgraded shares of CA from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a research note on Thursday, July 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $35.50.
Shares of CA (NYSE:CA) traded down 1.60% on Thursday, reaching $31.95. 5,717,373 shares of the company were exchanged. The company has a market cap of $13.39 billion and a price-to-earnings ratio of 17.75. CA has a 12 month low of $25.18 and a 12 month high of $34.99. The company’s 50-day moving average price is $34.04 and its 200 day moving average price is $32.13.

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CA (NYSE:CA) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company earned $999 million during the quarter, compared to analyst estimates of $982.21 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts expect that CA will post $2.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Thursday, August 25th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Tuesday, August 23rd. This is a positive change from CA’s previous quarterly dividend of $0.25.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. raised its position in shares of CA by 0.4% in the second quarter. Macquarie Group Ltd. now owns 22,107,439 shares of the company’s stock worth $725,787,000 after buying an additional 77,866 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of CA during the second quarter worth about $392,000. Kentucky Retirement Systems acquired a new position in shares of CA during the second quarter worth about $826,000. Mason Street Advisors LLC acquired a new position in shares of CA during the second quarter worth about $1,309,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of CA by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 105,524 shares of the company’s stock worth $3,464,000 after buying an additional 792 shares during the period.
CA Company Profile
CA, Inc (CA Technologies) is engaged in providing information technology (IT) management software and solutions. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services. The Mainframe Solutions segment products allow customers and partners transform mainframe management.

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