Neo Ivy Capital Management Acquires New Stake 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 acquired a new stake in CACI International, Inc. (NYSE:CACI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,526 shares of the information technology services provider's stock, valued at approximately $560,000.

Other institutional investors also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new stake in shares of CACI International in the first quarter worth approximately $27,000. GAMMA Investing LLC boosted its stake in shares of CACI International by 150.8% in the first quarter. GAMMA Investing LLC now owns 306 shares of the information technology services provider's stock worth $112,000 after acquiring an additional 184 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of CACI International by 21.0% in the first quarter. TD Private Client Wealth LLC now owns 305 shares of the information technology services provider's stock worth $112,000 after acquiring an additional 53 shares during the last quarter. Applied Finance Capital Management LLC acquired a new stake in shares of CACI International in the fourth quarter worth approximately $219,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of CACI International in the fourth quarter worth approximately $287,000. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Trading Up 0.3%

NYSE:CACI traded up $1.26 on Friday, reaching $479.26. The company's stock had a trading volume of 145,367 shares, compared to its average volume of 219,941. CACI International, Inc. has a 12-month low of $318.60 and a 12-month 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. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.26 and a beta of 0.66. The stock has a 50 day moving average price of $463.86 and a 200 day moving average price of $422.86.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CACI. Truist Financial lifted their price target on CACI International from $525.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on CACI International from $438.00 to $513.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Cowen reiterated a "buy" rating on shares of CACI International in a research report on Monday, April 28th. 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 on the stock. Finally, Barclays lifted their price objective on CACI International from $450.00 to $510.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CACI International currently has a consensus rating of "Moderate Buy" and an average price target of $522.23.

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.