CACI International, Inc. $CACI Shares Acquired by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its holdings in CACI International, Inc. by 3.8% in Q1, now owning 49,355 shares valued at approximately $18.1 million.
• Wells Fargo raised its price target on CACI International from $438.00 to $513.00, while UBS Group raised theirs to $614.00, signaling positive analyst sentiment.
• CACI International reported an EPS of $8.40 for the last quarter, exceeding analysts' expectations of $6.54, with revenue up 13.0% year-over-year.

Kayne Anderson Rudnick Investment Management LLC lifted its position in CACI International, Inc. (NYSE:CACI - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,355 shares of the information technology services provider's stock after purchasing an additional 1,829 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 0.22% of CACI International worth $18,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CACI. Wayfinding Financial LLC purchased a new position in shares of CACI International during the 1st quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC raised its position in CACI International by 528.6% during 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 during the period. GAMMA Investing LLC lifted its holdings in CACI International by 150.8% during the first quarter. GAMMA Investing LLC now owns 306 shares of the information technology services provider's stock valued at $112,000 after purchasing an additional 184 shares in the last quarter. TD Private Client Wealth LLC grew 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 valued at $112,000 after purchasing an additional 53 shares during the period. Finally, Covestor Ltd increased its stake in shares of CACI International by 26.9% during the first quarter. Covestor Ltd now owns 307 shares of the information technology services provider's stock worth $113,000 after purchasing an additional 65 shares in the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CACI has been the subject of several research reports. Truist Financial set a $575.00 price target on CACI International in a research report on Friday, August 8th. UBS Group reissued a "buy" rating and issued a $614.00 price target (up from $562.00) on shares of CACI International in a research note on Friday, August 8th. Jefferies Financial Group cut shares of CACI International from a "buy" rating to a "hold" rating and dropped their price objective for the company from $570.00 to $535.00 in a research note on Wednesday, August 6th. The Goldman Sachs Group upgraded shares of CACI International from a "sell" rating to a "buy" rating and increased their price objective for the company from $407.00 to $544.00 in a report on Wednesday, August 13th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of CACI International in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $549.69.

CACI International Trading Down 0.1%

NYSE CACI traded down $0.28 during trading hours on Friday, reaching $479.43. The company had a trading volume of 166,182 shares, compared to its average volume of 403,886. The stock has a 50-day moving average of $479.14 and a 200 day moving average of $433.52. CACI International, Inc. has a 1-year low of $318.60 and a 1-year high of $588.26. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $10.54 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 1.27 and a beta of 0.69.

CACI International (NYSE:CACI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The information technology services provider reported $8.40 EPS for the quarter, topping analysts' consensus estimates of $6.54 by $1.86. The company had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.29 billion. CACI International had a return on equity of 15.84% and a net margin of 5.79%.The firm's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.61 earnings per share. As a group, 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.