Hovde Group upgraded shares of CA, Inc. (NYSE:CA) from a market perform rating to an outperform rating in a research note published on Saturday morning. The firm currently has $26.00 target price on the stock, up from their previous target price of $24.75.
CA has been the topic of several other research reports. Zacks Investment Research upgraded shares of CA from a hold rating to a buy rating and set a $39.00 target price on the stock in a report on Monday, August 1st. Credit Suisse Group AG restated a hold rating and issued a $34.00 target price on shares of CA in a report on Monday, August 29th. Barclays PLC cut shares of CA from an overweight rating to an equal weight rating and raised their target price for the stock from $33.00 to $35.00 in a report on Friday, July 15th. Jefferies Group raised their target price on shares of CA from $36.00 to $38.00 and gave the stock a buy rating in a report on Thursday, July 28th. Finally, Citigroup Inc. raised their target price on shares of CA from $32.00 to $33.00 and gave the stock a neutral rating in a report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $34.14.
CA (NYSE:CA) opened at 32.98 on Friday. CA has a 12-month low of $25.18 and a 12-month high of $34.99. The firm has a market cap of $13.82 billion and a P/E ratio of 18.32. The firm’s 50-day moving average is $33.30 and its 200 day moving average is $32.44.
CA (NYSE:CA) last issued its earnings results on Wednesday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm earned $999 million during the quarter, compared to the consensus estimate of $982.21 million. During the same quarter in the prior year, the business posted $0.64 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts forecast that CA will post $2.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Thursday, August 25th were issued a $0.255 dividend. The ex-dividend date was Tuesday, August 23rd. This represents a $1.02 annualized dividend and a yield of 3.09%. This is a boost from CA’s previous quarterly dividend of $0.25.
A number of hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its stake in CA by 0.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 64,654 shares of the company’s stock valued at $2,123,000 after buying an additional 497 shares during the period. Alambic Investment Management L.P. bought a new stake in CA during the second quarter valued at $407,000. Assetmark Inc. bought a new stake in CA during the second quarter valued at $505,000. Aspen Investment Management Inc boosted its stake in CA by 17.5% in the second quarter. Aspen Investment Management Inc now owns 12,420 shares of the company’s stock valued at $408,000 after buying an additional 1,850 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in CA by 16.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 446,807 shares of the company’s stock valued at $14,669,000 after buying an additional 61,931 shares during the period.