Shares last traded at $34.32 which is slightly above $32.41, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $32.25. The 50 day moving average was up $1.91 or +5.90% whereas the 200 day moving average was up $2.07 or +6.41%. 2,636K shares changed hands by the end of trading on Thursday. Trading volume was down 5.47% under the stocks average daily volume.
Traders are feeling more bearish on shares of CA Inc. considering the change in short interest. The firm saw a rise in short interest from June 15, 2017 to May 31, 2017 of 0.44%. Short shares grew from 13,997,660 to 14,058,946 over that timeframe. With short interest at 14,058,946 and short average daily volume at 2,691,416, the short-interest ratio is 5.2 and the percentage of shorted shares was 0.03% on May 31.
There has been some selling insider activity on CA Inc. (NASDAQ:CA) recently. Ayman Sayed, Pres., Chief Products Officer sold $21,366 worth of shares at an average price of $31.70 on May 16th. That brings Sayed’s holdings to $4,382,874 as reported to the SEC. Lauren Patricia Flaherty, EVP reported the sale of 182,550 shares of CA stock. The shares were purchased at an average price of $32.76. The EVP now owns $2,799,539 of the stock according to the SEC filing.
EVP & GRP EXEC, WW SALES & SER Adam Elster sold 125,513 shares at an average price of $32.45 on Fri the 3rd. That brings the EVP & GRP EXEC, WW SALES & SER’s holdings to $2,198,325 as recorded in a recent Form 4 SEC filing.
The following firms have also recently changed their position in CA. As of quarter end Fisher Asset Management, LLC had acquired 2,007 shares growing its holdings by 1.0%. The value of the investment in CA Inc. increased from $6,130,000 to $6,731,000 a change of $601,000 since the last quarter. Clinton Group Inc grew its ownership by buying 109,924 shares an increase of 417.7% from 09/30/2016 to 03/31/2017. Clinton Group Inc now holds 136,239 shares worth $4,321,000. The value of the position overall is up by 396.1%.
As of the end of the quarter Gateway Investment Advisers LLC had sold a total of 182 shares trimming its stake by 1.0%. The value of the company’s investment in CA Inc. went from $605,000 to $651,000 increasing 7.6% for the reporting period. Creative Planning augmented its position by buying 5,964 shares an increase of 99.6%. Creative Planning controls 11,953 shares valued at $412,000. The total value of its holdings increased 116.8%.
July 28 investment analysts at Jefferies held the stock rating at “Neutral” and lowered the price target to $33.00 from $36.00. On July 28 Citigroup left the company rating at “Equal-weight” but raised the price target from $32.00 to $35.00.
Barclays raised the price target and downgraded the stock on July 15 changing the price target from $33.00 to $35.00 and altering the rating from “Overweight” to “Equal-weight”. On July 15 the stock rating was downgraded from “Overweight” to “Equal-weight” and a price target of $35.00 was set in a report from Barclays.
On July 14 the company was downgraded to “Neutral” from “Buy” by analysts at Mizuho Securities. On April 21 the company was upgraded from “Underperform” to “Neutral” with a current price target of $33.00 in a statement from Credit Suisse.
In the market the company is trading up by 0.03% since yesterday’s close of $34.31. Additionally the company recently declared a dividend paid on Tuesday June 13th, 2017. The dividend was $0.255 per share for the quarter or $1.02 on an annualized basis. This dividend amount was represent a yeild of $2.97. The ex-dividend date was Tuesday the 23rd of May 2017.
The most current P/E ratio is 18.55 and the market cap is 14.34B. As of the latest earnings report the EPS was $1.85 and is projected to be $2.38 for the current year with 417,813,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.61 with next year’s EPS anticipated to be $2.50.
CA, Inc. (CA), launched on March 26, 1974, is involved 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. Its Mainframe Solutions and Enterprise Solutions segments comprise the Business’s software business organized by the nature of its software offerings and the platform on which the products operate. The Services segment comprises product implementation, consulting, customer education and customer training..