Kayne Anderson Rudnick Investment Management LLC Lowers Position in CACI International Inc (NYSE:CACI)

Kayne Anderson Rudnick Investment Management LLC cut its position in shares of CACI International Inc (NYSE:CACI - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 47,526 shares of the information technology services provider's stock after selling 782 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 0.21% of CACI International worth $19,203,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of CACI. Sterling Capital Management LLC lifted its position in shares of CACI International by 256.0% during the 4th quarter. Sterling Capital Management LLC now owns 74,708 shares of the information technology services provider's stock valued at $30,187,000 after acquiring an additional 53,724 shares during the last quarter. Van ECK Associates Corp increased its stake in CACI International by 35.2% in the 4th quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider's stock worth $63,477,000 after purchasing an additional 40,867 shares in the last quarter. River Road Asset Management LLC acquired a new stake in CACI International during the 4th quarter worth about $8,585,000. Russell Investments Group Ltd. boosted its holdings in shares of CACI International by 51.9% in the fourth quarter. Russell Investments Group Ltd. now owns 46,919 shares of the information technology services provider's stock worth $18,936,000 after buying an additional 16,037 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in shares of CACI International by 36.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 53,005 shares of the information technology services provider's stock valued at $21,417,000 after acquiring an additional 14,141 shares during the period. Institutional investors own 86.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. William Blair downgraded shares of CACI International from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. TD Cowen lowered their price target on CACI International from $610.00 to $480.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Raymond James restated an "outperform" rating and set a $490.00 price target (up previously from $475.00) on shares of CACI International in a report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on CACI International from $480.00 to $438.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Truist Financial set a $525.00 price target on CACI International and gave the stock a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $519.00.

CACI International Stock Down 1.7 %

CACI International stock traded down $7.93 during midday trading on Friday, hitting $448.74. 540,293 shares of the stock were exchanged, compared to its average volume of 270,198. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.01 and a beta of 0.78. CACI International Inc has a 52-week low of $318.60 and a 52-week high of $588.26. The business's 50-day moving average price is $378.85 and its 200-day moving average price is $429.21.

CACI International (NYSE:CACI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $6.23 earnings per share for the quarter, beating analysts' consensus estimates of $5.53 by $0.70. CACI International had a net margin of 5.90% and a return on equity of 15.30%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. On average, research analysts expect that CACI International Inc will post 23.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Debora A. Plunkett sold 309 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $363.62, for a total value of $112,358.58. Following the completion of the transaction, the director now directly owns 2,315 shares of the company's stock, valued at $841,780.30. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.35% of the stock is owned by corporate insiders.

CACI International Company Profile

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.