North Star Asset Management Inc Lowers stake in CA (CA)

CA (CA) : North Star Asset Management Inc reduced its stake in CA by 2.14% during the most recent quarter end. The investment management company now holds a total of 352,353 shares of CA which is valued at $11,729,831 after selling 7,690 shares in CA , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.CA makes up approximately 1.32% of North Star Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in CA in the latest quarter, The investment management firm added 149,676 additional shares and now holds a total of 243,623 shares of CA which is valued at $8,110,210. CA makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio. Eqis Capital Management added CA to its portfolio by purchasing 6,154 company shares during the most recent quarter which is valued at $204,867. CA makes up approx 0.01% of Eqis Capital Management’s portfolio. Washington Trust Bank added CA to its portfolio by purchasing 31 company shares during the most recent quarter which is valued at $1,032.West Oak Capital boosted its stake in CA in the latest quarter, The investment management firm added 190 additional shares and now holds a total of 1,603 shares of CA which is valued at $53,364. CA makes up approx 0.04% of West Oak Capital’s portfolio.

CA closed down -0.06 points or -0.18% at $33.03 with 19,56,945 shares getting traded on Tuesday. Post opening the session at $33.08, the shares hit an intraday low of $32.8 and an intraday high of $33.19 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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