CACI International, Inc. $CACI Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in CACI International, Inc. by 59.2% in the first quarter, leaving it with 10,315 shares worth $4,044,000.
• Institutional investors hold 86.43% of CACI's stock, with significant increases in holdings reported by multiple firms during the fourth quarter.
• Wall Street analysts have a consensus rating of "Moderate Buy" for CACI, with target prices ranging from $535.00 to $600.00, reflecting a strong outlook despite some recent downgrades.

Amundi lessened its holdings in CACI International, Inc. (NYSE:CACI - Free Report) by 59.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,315 shares of the information technology services provider's stock after selling 14,983 shares during the period. Amundi's holdings in CACI International were worth $4,044,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Entropy Technologies LP purchased a new stake in CACI International during the 1st quarter worth about $294,000. GAMMA Investing LLC boosted its holdings in CACI International by 150.8% in the 1st 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. Bridges Investment Management Inc. lifted its holdings in 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 acquiring an additional 1,502 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in shares of CACI International by 15.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 200,214 shares of the information technology services provider's stock worth $73,463,000 after acquiring an additional 26,804 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in CACI International by 8.6% in the 1st quarter. Farther Finance Advisors LLC now owns 1,131 shares of the information technology services provider's stock valued at $418,000 after acquiring an additional 90 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CACI. The Goldman Sachs Group raised CACI International from a "sell" rating to a "buy" rating and increased their price target for the stock from $407.00 to $544.00 in a research note on Wednesday, August 13th. Jefferies Financial Group lowered 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 report on Wednesday, August 6th. Stifel Nicolaus upped their price objective on CACI International from $576.00 to $600.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Truist Financial set a $575.00 target price on CACI International in a report on Friday, August 8th. Finally, Raymond James Financial restated a "market perform" rating on shares of CACI International in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $549.69.

CACI International Stock Performance

CACI stock traded down $4.50 during trading on Tuesday, hitting $490.56. 169,318 shares of the company's stock traded hands, compared to its average volume of 189,360. CACI International, Inc. has a 52 week low of $318.60 and a 52 week high of $588.26. The stock has a fifty day moving average price of $480.66 and a two-hundred day moving average price of $446.99. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 1.86 and a beta of 0.65.

CACI International (NYSE:CACI - Get Free Report) last issued its earnings results 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 company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.29 billion. CACI International had a return on equity of 15.84% and a net margin of 5.79%.CACI International's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.61 earnings per share. As a group, equities analysts anticipate that CACI International, Inc. will post 23.94 EPS 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.