KLP Kapitalforvaltning AS Has $2.06 Million Holdings in CACI International, Inc. (NYSE:CACI)

Key Points

• KLP Kapitalforvaltning AS reduced its stake in CACI International by 11.1% during the first quarter, now holding 5,600 shares valued at approximately $2.05 million.
• CACI International reported earnings of $6.23 per share for the last quarter, surpassing analysts' expectations of $5.53, with revenues of $2.17 billion.
• The stock currently has a consensus rating of "Moderate Buy" with a target price of approximately $522.23 according to analysts' assessments.

KLP Kapitalforvaltning AS cut its stake in shares of CACI International, Inc. (NYSE:CACI - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,600 shares of the information technology services provider's stock after selling 700 shares during the quarter. KLP Kapitalforvaltning AS's holdings in CACI International were worth $2,055,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CACI. GAMMA Investing LLC lifted its position in CACI International by 91,931.1% in the first quarter. GAMMA Investing LLC now owns 112,278 shares of the information technology services provider's stock valued at $41,197,000 after purchasing an additional 112,156 shares during the period. Sterling Capital Management LLC lifted its stake in shares of CACI International by 256.0% in the fourth quarter. Sterling Capital Management LLC now owns 74,708 shares of the information technology services provider's stock valued at $30,187,000 after purchasing an additional 53,724 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in shares of CACI International by 36.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 90,078 shares of the information technology services provider's stock valued at $33,051,000 after purchasing an additional 24,010 shares during the period. Russell Investments Group Ltd. raised its stake in shares of CACI International by 51.9% during the 4th quarter. Russell Investments Group Ltd. now owns 46,919 shares of the information technology services provider's stock worth $18,936,000 after buying an additional 16,037 shares during the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in shares of CACI International in the first quarter valued at approximately $4,999,000. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Stock Performance

CACI stock traded up $1.26 during midday trading on Friday, reaching $479.26. The company had a trading volume of 145,367 shares, compared to its average volume of 219,941. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average price of $463.86 and a 200 day moving average price of $422.86. The firm has a market capitalization of $10.54 billion, a PE ratio of 22.62, a P/E/G ratio of 1.26 and a beta of 0.66. CACI International, Inc. has a fifty-two week low of $318.60 and a fifty-two week high of $588.26.

CACI International (NYSE:CACI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The information technology services provider reported $6.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.53 by $0.70. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. CACI International had a net margin of 5.70% and a return on equity of 15.23%. CACI International's revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $5.74 EPS. Analysts anticipate that CACI International, Inc. will post 23.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Truist Financial boosted their price target on CACI International from $525.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday. UBS Group reaffirmed a "buy" rating on shares of CACI International in a research note on Friday, April 25th. Raymond James Financial reaffirmed a "market perform" rating on shares of CACI International in a research note on Tuesday, July 8th. Barclays upped their price target on CACI International from $450.00 to $510.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 29th. Finally, William Blair raised shares of CACI International from a "market perform" rating to an "outperform" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $522.23.

CACI International Company 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.