Entropy Technologies LP Buys New Stake in CACI International, Inc. $CACI

Key Points

• Entropy Technologies LP acquired 800 shares of CACI International, valued at approximately $294,000, marking their entry into the company's stock in the first quarter.
• Analysts have issued generally positive ratings for CACI International, with Goldman Sachs upgrading the stock to a "buy" and setting a target price of $544.00.
• CACI International reported an EPS of $8.40, exceeding expectations and showing a revenue increase of 13.0% year-over-year, with total revenue reaching $2.30 billion.

Entropy Technologies LP purchased a new stake in CACI International, Inc. (NYSE:CACI - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 800 shares of the information technology services provider's stock, valued at approximately $294,000.

A number of other hedge funds also recently made changes to their positions in the stock. Cornerstone Investment Partners LLC boosted its holdings in shares of CACI International by 1.3% in the 1st quarter. Cornerstone Investment Partners LLC now owns 2,044 shares of the information technology services provider's stock valued at $750,000 after purchasing an additional 27 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of CACI International by 21.0% during the 1st quarter. TD Private Client Wealth LLC now owns 305 shares of the information technology services provider's stock valued at $112,000 after acquiring an additional 53 shares in the last quarter. Covestor Ltd lifted its holdings in shares of CACI International by 26.9% during the 1st quarter. Covestor Ltd now owns 307 shares of the information technology services provider's stock valued at $113,000 after acquiring an additional 65 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of CACI International during the 1st quarter valued at $27,000. Finally, Wedbush Securities Inc. lifted its holdings in shares of CACI International by 11.0% during the 1st quarter. Wedbush Securities Inc. now owns 881 shares of the information technology services provider's stock valued at $323,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 86.43% of the company's stock.

CACI International Price Performance

Shares of NYSE:CACI traded down $2.68 during trading on Tuesday, reaching $483.54. The company had a trading volume of 44,512 shares, compared to its average volume of 413,136. The firm's fifty day moving average is $473.29 and its 200 day moving average is $428.43. The firm has a market capitalization of $10.63 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. CACI International, Inc. has a twelve month low of $318.60 and a twelve month high of $588.26. 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 (NYSE:CACI - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.29 billion. CACI International had a net margin of 5.79% and a return on equity of 15.84%. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $6.61 EPS. On average, equities analysts forecast that CACI International, Inc. will post 23.94 EPS for the current year.

Wall Street Analyst Weigh In

CACI has been the topic of several recent research reports. Barclays lifted their target price on shares of CACI International from $450.00 to $510.00 and gave the company an "overweight" rating in a report on Tuesday, April 29th. Raymond James Financial restated a "market perform" rating on shares of CACI International in a report on Friday, August 8th. Truist Financial set a $575.00 price target on shares of CACI International in a research note on Friday, August 8th. Jefferies Financial Group downgraded shares of CACI International from a "buy" rating to a "hold" rating and dropped their price target for the stock from $570.00 to $535.00 in a research note on Wednesday, August 6th. Finally, Stifel Nicolaus lifted their price target on shares of CACI International from $576.00 to $600.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $549.69.

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.