CrestPoint Capital Management LLC Buys New Position in CA, Inc. (CA)

CrestPoint Capital Management LLC bought a new stake in shares of CA, Inc. (NASDAQ:CA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,900 shares of the technology company’s stock, valued at approximately $463,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new position in CA during the 3rd quarter valued at about $101,000. Northwestern Mutual Wealth Management Co. lifted its position in CA by 26.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after acquiring an additional 654 shares during the period. D.A. Davidson & CO. lifted its position in CA by 4.2% during the 2nd quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after acquiring an additional 169 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in CA by 56.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock valued at $210,000 after acquiring an additional 2,259 shares during the period. Finally, Sun Life Financial INC lifted its position in CA by 3,772.8% during the 2nd quarter. Sun Life Financial INC now owns 6,700 shares of the technology company’s stock valued at $231,000 after acquiring an additional 6,527 shares during the period. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

CA, Inc. (NASDAQ:CA) opened at $34.47 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The stock has a market cap of $14,238.85, a PE ratio of 19.81, a price-to-earnings-growth ratio of 4.54 and a beta of 0.74. CA, Inc. has a twelve month low of $30.45 and a twelve month high of $36.54.

CA (NASDAQ:CA) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.62 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.62. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. CA had a net margin of 17.83% and a return on equity of 15.74%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 earnings per share. sell-side analysts predict that CA, Inc. will post 2.25 EPS for the current fiscal year.

In other news, EVP Lauren Patricia Flaherty sold 24,843 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $32.59, for a total transaction of $809,633.37. Following the completion of the transaction, the executive vice president now directly owns 82,000 shares of the company’s stock, valued at $2,672,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by insiders.

A number of research analysts recently issued reports on CA shares. BidaskClub raised shares of CA from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Mizuho reissued a “hold” rating and set a $34.00 price target on shares of CA in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of CA from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Monday, October 30th. Finally, Barclays lowered their price target on shares of CA from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. CA currently has an average rating of “Hold” and a consensus target price of $33.70.

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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.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

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