Rhumbline Advisers Sells 648 Shares of CACI International Inc (NYSE:CACI)

Rhumbline Advisers trimmed its position in shares of CACI International Inc (NYSE:CACI - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,972 shares of the information technology services provider's stock after selling 648 shares during the period. Rhumbline Advisers owned about 0.30% of CACI International worth $23,839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CACI. Trust Point Inc. purchased a new position in shares of CACI International during the fourth quarter valued at about $457,000. RNC Capital Management LLC purchased a new position in shares of CACI International during the fourth quarter valued at about $315,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of CACI International by 15.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,466 shares of the information technology services provider's stock valued at $1,805,000 after buying an additional 592 shares during the period. Van ECK Associates Corp increased its position in shares of CACI International by 35.2% during the fourth quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider's stock valued at $63,477,000 after buying an additional 40,867 shares during the period. Finally, Valley Wealth Managers Inc. increased its position in shares of CACI International by 0.5% during the fourth quarter. Valley Wealth Managers Inc. now owns 45,031 shares of the information technology services provider's stock valued at $18,195,000 after buying an additional 210 shares during the period. 86.43% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Debora A. Plunkett sold 309 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $363.62, for a total transaction of $112,358.58. Following the transaction, the director now directly owns 2,315 shares of the company's stock, valued at $841,780.30. This represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.35% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CACI. UBS Group reiterated a "buy" rating on shares of CACI International in a research report on Friday, April 25th. Cantor Fitzgerald upgraded shares of CACI International to a "strong-buy" rating in a report on Tuesday, February 25th. William Blair cut shares of CACI International from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Jefferies Financial Group cut their price objective on shares of CACI International from $520.00 to $455.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Finally, Truist Financial set a $525.00 price objective on shares of CACI International and gave the stock a "buy" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $515.67.

CACI International Stock Up 2.9%

CACI traded up $12.65 during trading on Friday, hitting $444.92. 298,655 shares of the company's stock traded hands, compared to its average volume of 295,013. The company's 50 day simple moving average is $439.44 and its two-hundred day simple moving average is $413.24. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.80. CACI International Inc has a 12-month low of $318.60 and a 12-month high of $588.26. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.01 and a beta of 0.63.

CACI International (NYSE:CACI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The information technology services provider reported $6.23 EPS for the quarter, beating the consensus estimate of $5.53 by $0.70. The business 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 15.30% and a net margin of 5.90%. The company's revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $5.74 EPS. Analysts predict that CACI International Inc will post 23.94 earnings per share for the current fiscal year.

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.