6,351 Shares in CACI International, Inc. (NYSE:CACI) Bought by Zions Bancorporation National Association UT

Key Points

• Zions Bancorporation National Association UT purchased 6,351 shares of CACI International, valued at approximately $2.33 million, during the first quarter, as revealed in their 13F filing with the SEC.
• Institutional investors collectively own 86.43% of CACI International's shares, with several firms significantly increasing their stakes, including GAMMA Investing LLC and Sterling Capital Management LLC.
• Analysts have a consensus rating of "Moderate Buy" for CACI International, with a price target averaging $536.54, while Wells Fargo raised their price objective from $438 to $513.

Zions Bancorporation National Association UT acquired a new position in CACI International, Inc. (NYSE:CACI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,351 shares of the information technology services provider's stock, valued at approximately $2,330,000.

Other hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in shares of CACI International in the first quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC increased its position in shares of CACI International by 528.6% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 264 shares of the information technology services provider's stock worth $97,000 after acquiring an additional 222 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of CACI International by 21.0% in the first quarter. TD Private Client Wealth LLC now owns 305 shares of the information technology services provider's stock worth $112,000 after acquiring an additional 53 shares in the last quarter. GAMMA Investing LLC increased its position in shares of CACI International by 150.8% in the first quarter. GAMMA Investing LLC now owns 306 shares of the information technology services provider's stock worth $112,000 after acquiring an additional 184 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in shares of CACI International in the fourth quarter worth approximately $287,000. Institutional investors and hedge funds own 86.43% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CACI shares. William Blair raised shares of CACI International from a "market perform" rating to an "outperform" rating in a research report on Monday, July 7th. Wells Fargo & Company boosted their price objective on shares of CACI International from $438.00 to $513.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. UBS Group reaffirmed a "buy" rating and set a $614.00 price objective (up from $562.00) on shares of CACI International in a research report on Friday, August 8th. Barclays boosted their price objective on shares of CACI International from $450.00 to $510.00 and gave the company an "overweight" rating in a research report on Tuesday, April 29th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of CACI International in a research report on Friday, August 8th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $549.69.

CACI International Stock Performance

Shares of CACI International stock traded up $18.66 on Wednesday, reaching $495.89. The stock had a trading volume of 161,089 shares, compared to its average volume of 418,403. The business's 50-day moving average price is $468.75 and its two-hundred day moving average price is $425.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 1.47. CACI International, Inc. has a fifty-two week low of $318.60 and a fifty-two week high of $588.26. The stock has a market cap of $10.90 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 1.25 and a beta of 0.69.

CACI International (NYSE:CACI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The information technology services provider reported $8.40 earnings per share for the quarter, topping analysts' consensus estimates of $6.54 by $1.86. CACI International had a net margin of 5.79% and a return on equity of 15.84%. The business had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the previous year, the company earned $6.61 earnings per share. CACI International's revenue for the quarter was up 13.0% on a year-over-year basis. On average, sell-side analysts forecast that CACI International, Inc. will post 23.94 EPS for the current year.

CACI International 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.