Seminole Management adds CA (CA) to its portfolio

CA (CA) : Seminole Management added new position in CA during the most recent quarter end. The investment management firm now holds 267,047 shares of CA which is valued at $9,226,474 , the company said in a statement filed on Jul 26, 2016 with the SEC.CA makes up approximately 0.91% of Seminole Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in CA in the latest quarter, The investment management firm added 1,555 additional shares and now holds a total of 693,297 shares of CA which is valued at $23,953,411. CA makes up approx 0.03% of American Century Companies Inc’s portfolio. Lingohr Partner Asset Management Gmbh sold out all of its stake in CA during the most recent quarter. The investment firm sold 20,800 shares of CA which is valued $715,520.Naples Global Advisors reduced its stake in CA by selling 720 shares or 6.5% in the most recent quarter. The Hedge Fund company now holds 10,351 shares of CA which is valued at $355,453. CA makes up approx 0.14% of Naples Global Advisors’s portfolio.

CA opened for trading at $34.52 and hit $34.75 on the upside on Friday, eventually ending the session at $34.65, with a gain of 0.55% or 0.19 points. The heightened volatility saw the trading volume jump to 34,78,490 shares. Company has a market cap of $14,441 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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