Ameriprise Financial Inc. Sells 39,585 Shares of CACI International, Inc. $CACI

Key Points

• Ameriprise Financial Inc. has decreased its holdings in CACI International by 14.0%, selling 39,585 shares and now owns approximately 1.11% of the company, valued at $89.4 million.
• Several institutional investors have adjusted their stakes in CACI, including Cary Street Partners Investment Advisory LLC, which increased its holdings by a significant 528.6%.
• After recently reported quarterly earnings, CACI International topped estimates with $8.40 EPS, surpassing predictions of $6.54, and reported a 13.0% year-over-year revenue increase to $2.30 billion.

Ameriprise Financial Inc. lowered its stake in CACI International, Inc. (NYSE:CACI - Free Report) by 14.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 243,710 shares of the information technology services provider's stock after selling 39,585 shares during the period. Ameriprise Financial Inc. owned approximately 1.11% of CACI International worth $89,420,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Entropy Technologies LP bought a new position in shares of CACI International in the first quarter valued at $294,000. GAMMA Investing LLC increased its holdings 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 valued at $112,000 after buying an additional 184 shares in the last quarter. Bridges Investment Management Inc. increased its holdings in shares of CACI International by 111.9% in the first quarter. Bridges Investment Management Inc. now owns 2,844 shares of the information technology services provider's stock valued at $1,044,000 after buying an additional 1,502 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of CACI International by 15.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 200,214 shares of the information technology services provider's stock valued at $73,463,000 after buying an additional 26,804 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of CACI International by 8.6% in the first quarter. Farther Finance Advisors LLC now owns 1,131 shares of the information technology services provider's stock valued at $418,000 after buying an additional 90 shares in the last quarter. Institutional investors own 86.43% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CACI shares. UBS Group reiterated 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. The Goldman Sachs Group upgraded shares of CACI International from a "sell" rating to a "buy" rating and lifted their price objective for the stock from $407.00 to $544.00 in a research report on Wednesday, August 13th. Truist Financial set a $575.00 price objective on shares of CACI International in a research report on Friday, August 8th. Jefferies Financial Group cut shares of CACI International from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $570.00 to $535.00 in a research report on Wednesday, August 6th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of CACI International in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $549.69.

CACI International Stock Performance

Shares of CACI traded down $0.28 during trading hours on Friday, reaching $479.43. 166,883 shares of the company traded hands, compared to its average volume of 270,709. The stock's fifty day moving average is $479.65 and its 200 day moving average is $434.86. The stock has a market cap of $10.54 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 1.25 and a beta of 0.69. 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 1-year low of $318.60 and a 1-year high of $588.26.

CACI International (NYSE:CACI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The information technology services provider reported $8.40 EPS for the quarter, beating analysts' consensus estimates of $6.54 by $1.86. The business 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 firm's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.61 earnings per share. Equities research analysts anticipate that CACI International, Inc. will post 23.94 earnings per share for the current fiscal 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.