Russell Investments Group Ltd. raised its holdings in CACI International Inc (NYSE:CACI - Free Report) by 51.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 46,919 shares of the information technology services provider's stock after acquiring an additional 16,037 shares during the period. Russell Investments Group Ltd. owned 0.21% of CACI International worth $18,936,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in CACI. Van ECK Associates Corp grew its stake in CACI International by 35.2% during the fourth quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider's stock worth $63,477,000 after buying an additional 40,867 shares during the period. Running Oak Capital LLC lifted its stake in shares of CACI International by 8.9% during the fourth quarter. Running Oak Capital LLC now owns 31,139 shares of the information technology services provider's stock worth $12,582,000 after purchasing an additional 2,533 shares in the last quarter. RNC Capital Management LLC acquired a new stake in shares of CACI International in the fourth quarter valued at about $315,000. Geode Capital Management LLC boosted its holdings in CACI International by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider's stock worth $243,386,000 after acquiring an additional 22,823 shares during the period. Finally, Leuthold Group LLC purchased a new stake in shares of CACI International during the fourth quarter valued at approximately $2,647,000. Hedge funds and other institutional investors own 86.43% of the company's stock.
Insider Transactions at CACI International
In related news, Director Debora A. Plunkett sold 309 shares of the company's stock in a transaction on 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 sale, the director now directly owns 2,315 shares in the company, valued at approximately $841,780.30. This represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.35% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on CACI shares. Truist Financial cut their target price on CACI International from $550.00 to $475.00 and set a "buy" rating on the stock in a research report on Monday. Raymond James restated an "outperform" rating and set a $490.00 price objective (up from $475.00) on shares of CACI International in a research note on Thursday, January 23rd. StockNews.com downgraded shares of CACI International from a "buy" rating to a "hold" rating in a report on Saturday, January 25th. William Blair cut shares of CACI International from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald raised shares of CACI International to a "strong-buy" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $508.31.
Check Out Our Latest Stock Report on CACI International
CACI International Trading Down 0.7 %
CACI traded down $3.03 during trading on Tuesday, reaching $421.02. The company had a trading volume of 93,504 shares, compared to its average volume of 257,555. The firm's 50-day simple moving average is $368.33 and its 200 day simple moving average is $432.76. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.01 and a beta of 0.78. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.52 and a current ratio of 1.52. CACI International Inc has a 12-month low of $318.60 and a 12-month high of $588.26.
CACI International (NYSE:CACI - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share for the quarter, beating the consensus estimate of $5.28 by $0.67. CACI International had a net margin of 5.90% and a return on equity of 15.30%. Equities research analysts anticipate that CACI International Inc will post 23.94 earnings per share for the current year.
CACI International Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider CACI International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CACI International wasn't on the list.
While CACI International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
