Neo Ivy Capital Management Invests $560,000 in CACI International, Inc. (NYSE:CACI)

Key Points

• Neo Ivy Capital Management has invested $560,000 to acquire 1,526 shares in CACI International, Inc. during the first quarter.
• Analysts have given a consensus rating of "Moderate Buy" for CACI, with target prices ranging from $510.00 to $576.00.
• CACI reported earnings per share of $6.23 in its latest quarter, surpassing analysts' expectations and reflecting an 11.8% revenue increase year-over-year.

Neo Ivy Capital Management purchased a new position in shares of CACI International, Inc. (NYSE:CACI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,526 shares of the information technology services provider's stock, valued at approximately $560,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. John G Ullman & Associates Inc. raised its holdings in CACI International by 40.6% in the 1st quarter. John G Ullman & Associates Inc. now owns 20,315 shares of the information technology services provider's stock valued at $7,454,000 after buying an additional 5,866 shares during the last quarter. Wedbush Securities Inc. raised its position in CACI International by 11.0% during the 1st quarter. Wedbush Securities Inc. now owns 881 shares of the information technology services provider's stock worth $323,000 after purchasing an additional 87 shares during the last quarter. Private Capital Advisors Inc. increased its stake in shares of CACI International by 1.7% in the first quarter. Private Capital Advisors Inc. now owns 42,225 shares of the information technology services provider's stock valued at $15,493,000 after buying an additional 725 shares during the period. Cornerstone Investment Partners LLC boosted its holdings in CACI International by 1.3% in the first quarter. Cornerstone Investment Partners LLC now owns 2,044 shares of the information technology services provider's stock valued at $750,000 after acquiring an additional 27 shares during the last quarter. Finally, Bridges Investment Management Inc. increased its position in shares of CACI International by 111.9% during the first 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 period. 86.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CACI has been the topic of a number of recent analyst reports. Cowen reissued a "buy" rating on shares of CACI International in a research note on Monday, April 28th. Raymond James Financial reaffirmed a "market perform" rating on shares of CACI International in a research report on Tuesday, July 8th. Truist Financial lifted their price objective on shares of CACI International from $525.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Barclays raised their price objective on CACI International from $450.00 to $510.00 and gave the company an "overweight" rating in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus began coverage on shares of CACI International in a research note on Tuesday, June 24th. They issued a "buy" rating and a $576.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $522.23.

CACI International Price Performance

NYSE:CACI traded up $1.35 during mid-day trading on Wednesday, hitting $469.97. 26,404 shares of the stock traded hands, compared to its average volume of 425,447. The business's 50-day moving average price is $463.40 and its 200 day moving average price is $423.40. The company has a market cap of $10.33 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.21 and a beta of 0.66. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. CACI International, Inc. has a 12-month low of $318.60 and a 12-month high of $588.26.

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.