CACI International, Inc. $CACI Shares Sold by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. reduced its stake in CACI International, selling 590 shares and holding 24,762 shares valued at $9,086,000, representing a 2.3% decrease.
• Analysts have mixed ratings for CACI International, with a target price ranging from $535.00 to $614.00, reflecting recent adjustments in expectations.
• CACI International reported an 8.40 EPS for the last quarter, exceeding estimates and showing a 13.0% year-over-year revenue increase.

Corebridge Financial Inc. trimmed its stake in CACI International, Inc. (NYSE:CACI - Free Report) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,762 shares of the information technology services provider's stock after selling 590 shares during the period. Corebridge Financial Inc. owned about 0.11% of CACI International worth $9,086,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in shares of CACI International by 91,931.1% during the 1st quarter. GAMMA Investing LLC now owns 112,278 shares of the information technology services provider's stock worth $41,197,000 after purchasing an additional 112,156 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in 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 buying an additional 26,804 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in CACI International by 36.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 90,078 shares of the information technology services provider's stock worth $33,051,000 after buying an additional 24,010 shares during the period. Peregrine Capital Management LLC bought a new position in CACI International in the 1st quarter worth approximately $4,999,000. Finally, MetLife Investment Management LLC boosted its holdings in CACI International by 77.1% in the 1st quarter. MetLife Investment Management LLC now owns 22,363 shares of the information technology services provider's stock worth $8,205,000 after buying an additional 9,737 shares during the period. Institutional investors own 86.43% of the company's stock.

CACI International Stock Down 0.1%

Shares of CACI stock traded down $0.28 during trading hours on Monday, reaching $479.43. 166,883 shares of the company's stock were exchanged, compared to its average volume of 260,013. The stock has a market cap of $10.54 billion, a PE ratio of 21.45, a PEG ratio of 1.25 and a beta of 0.65. 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's fifty day moving average price is $479.65 and its two-hundred day moving average price is $435.51.

CACI International (NYSE:CACI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The information technology services provider reported $8.40 EPS for the quarter, beating the consensus estimate of $6.54 by $1.86. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.29 billion. CACI International had a net margin of 5.79% and a return on equity of 15.84%. The business's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $6.61 EPS. Research analysts predict that CACI International, Inc. will post 23.94 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CACI. Jefferies Financial Group downgraded shares of CACI International from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $570.00 to $535.00 in a report on Wednesday, August 6th. Truist Financial set a $575.00 target price on shares of CACI International in a research note on Friday, August 8th. Stifel Nicolaus upped their target price on shares of CACI International from $576.00 to $600.00 and gave the company a "buy" rating in a report on Friday, August 8th. The Goldman Sachs Group raised shares of CACI International from a "sell" rating to a "buy" rating and increased their price objective for the stock from $407.00 to $544.00 in a research note on Wednesday, August 13th. Finally, William Blair upgraded 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 Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $549.69.

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.