CACI International, Inc. (NYSE:CACI) Shares Sold by KLP Kapitalforvaltning AS

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 decreased its position in shares of CACI International, Inc. (NYSE:CACI - Free Report) by 11.1% in the 1st quarter, according to its most recent 13F filing with the 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CACI. Private Capital Advisors Inc. boosted its stake in CACI International by 1.7% in the 1st quarter. Private Capital Advisors Inc. now owns 42,225 shares of the information technology services provider's stock worth $15,493,000 after purchasing an additional 725 shares during the period. Cornerstone Investment Partners LLC increased its stake in 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 worth $750,000 after purchasing an additional 27 shares during the period. Bridges Investment Management Inc. grew its position in shares of CACI International by 111.9% in the 1st quarter. Bridges Investment Management Inc. now owns 2,844 shares of the information technology services provider's stock worth $1,044,000 after buying an additional 1,502 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of CACI International by 21.0% in the 1st quarter. TD Private Client Wealth LLC now owns 305 shares of the information technology services provider's stock worth $112,000 after buying an additional 53 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of CACI International during the first quarter valued at approximately $27,000. Institutional investors own 86.43% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on CACI shares. UBS Group reissued a "buy" rating on shares of CACI International in a report on Friday, April 25th. Stifel Nicolaus started coverage on CACI International in a research report on Tuesday, June 24th. They set a "buy" rating and a $576.00 price objective for the company. Cowen restated a "buy" rating on shares of CACI International in a research report on Monday, April 28th. Barclays upped their price objective 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, Truist Financial upped their price objective on CACI International from $525.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $522.23.

CACI International Price Performance

Shares of CACI International stock traded up $0.17 on Wednesday, hitting $468.79. 121,377 shares of the company were exchanged, compared to its average volume of 216,988. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.23 and a beta of 0.66. The company has a 50-day moving average price of $463.32 and a 200 day moving average price of $423.71. CACI International, Inc. has a 1-year low of $318.60 and a 1-year high of $588.26. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.82.

About CACI International

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.