CACI International, Inc. $CACI Stock Position Lowered by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its holdings in CACI International, Inc. by 60.4%, now owning 18,558 shares worth about $6.81 million at the end of the first quarter.
• CACI reported earnings of $8.40 per share for the latest quarter, exceeding expectations, with revenue totaling $2.30 billion, a 13% increase year-over-year.
• Recent analyst ratings show a mix of upgrades and downgrades, with Jefferies Financial Group lowering their rating to "hold," while Wells Fargo raised their target price from $438 to $513.

Russell Investments Group Ltd. decreased its position in CACI International, Inc. (NYSE:CACI - Free Report) by 60.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,558 shares of the information technology services provider's stock after selling 28,361 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of CACI International worth $6,810,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of CACI International in the 1st quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC grew its position in shares of CACI International by 528.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 264 shares of the information technology services provider's stock worth $97,000 after acquiring an additional 222 shares in 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 acquiring an additional 53 shares in the last quarter. GAMMA Investing LLC grew its position in shares of CACI International by 150.8% in the 1st 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 in the last quarter. Finally, Covestor Ltd boosted its position in CACI International by 26.9% during the 1st quarter. Covestor Ltd now owns 307 shares of the information technology services provider's stock valued at $113,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 86.43% of the company's stock.

CACI International Price Performance

Shares of CACI traded down $0.41 during midday trading on Tuesday, reaching $484.40. The stock had a trading volume of 256,723 shares, compared to its average volume of 267,042. CACI International, Inc. has a 52 week low of $318.60 and a 52 week high of $588.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 1.47. The firm's 50 day moving average price is $477.95 and its 200-day moving average price is $432.45. The company has a market capitalization of $10.65 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.26 and a beta of 0.69.

CACI International (NYSE:CACI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The information technology services provider reported $8.40 EPS for the quarter, topping analysts' consensus estimates of $6.54 by $1.86. CACI International had a return on equity of 15.84% and a net margin of 5.79%.The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the business earned $6.61 EPS. The company's quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts forecast that CACI International, Inc. will post 23.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

CACI has been the subject of a number of analyst reports. Jefferies Financial Group lowered CACI International from a "buy" rating to a "hold" rating and reduced their price objective for the company from $570.00 to $535.00 in a research report on Wednesday, August 6th. William Blair upgraded CACI International from a "market perform" rating to an "outperform" rating in a research report on Monday, July 7th. Truist Financial set a $575.00 price objective on CACI International in a research report on Friday, August 8th. Stifel Nicolaus boosted their price objective on CACI International from $576.00 to $600.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, UBS Group restated a "buy" rating and set a $614.00 price objective (up previously from $562.00) on shares of CACI International in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, CACI International currently has an average rating of "Moderate Buy" and an average price target of $549.69.

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.