Huber Capital Management Lowers stake in CA (CA)

CA (CA) : Huber Capital Management reduced its stake in CA by 9.13% during the most recent quarter end. The investment management company now holds a total of 2,512,516 shares of CA which is valued at $85,928,047 after selling 252,501 shares in CA , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.CA makes up approximately 3.32% of Huber Capital Management’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. boosted its stake in CA in the latest quarter, The investment management firm added 214,150 additional shares and now holds a total of 334,690 shares of CA which is valued at $11,446,398. CA makes up approx 0.09% of Cornerstone Capital Management Holdings.’s portfolio.Rhumbline Advisers boosted its stake in CA in the latest quarter, The investment management firm added 20,402 additional shares and now holds a total of 550,349 shares of CA which is valued at $18,821,936. CA makes up approx 0.05% of Rhumbline Advisers’s portfolio.Reliance Trust Co Of Delaware reduced its stake in CA by selling 256 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 16,341 shares of CA which is valued at $558,862. CA makes up approx 0.05% of Reliance Trust Co Of Delaware’s portfolio.Ngam Advisors boosted its stake in CA in the latest quarter, The investment management firm added 5,611 additional shares and now holds a total of 50,920 shares of CA which is valued at $1,712,440. CA makes up approx 0.02% of Ngam Advisors’s portfolio.Denali Advisors boosted its stake in CA in the latest quarter, The investment management firm added 98,100 additional shares and now holds a total of 539,400 shares of CA which is valued at $18,436,692. CA makes up approx 3.09% of Denali Advisors’s portfolio.

CA opened for trading at $34.05 and hit $34.4 on the upside on Monday, eventually ending the session at $34.29, with a gain of 0.62% or 0.21 points. The heightened volatility saw the trading volume jump to 12,22,579 shares. Company has a market cap of $14,366 M.

On the company’s financial health, CA reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.61. The company had revenue of $999.00 million for the quarter, compared to analysts expectations of $982.31 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on CA. Company shares were Downgraded by Barclays on Jul 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .Mizuho Downgraded CA on Jul 14, 2016 to ” Neutral”, Price Target of the shares are set at $34.

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. The Enterprise Solutions segment consists of products including DevOps which allows customers to unite application development and IT operations; Management Cloud which includes the Company’s IT Business Management (ITBM) solutions API Management solutions and Enterprise Mobility Management solutions and Security which consists of identity and access management. The Services segment consists of product implementation consulting customer education and customer training.

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