Sumitomo Mitsui Trust Group Inc. Decreases Stock Holdings in CACI International, Inc. (NYSE:CACI)

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of CACI International, Inc. (NYSE:CACI - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,766 shares of the information technology services provider's stock after selling 700 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in CACI International were worth $1,382,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CACI. GAMMA Investing LLC increased its holdings in shares of CACI International by 91,931.1% during the first quarter. GAMMA Investing LLC now owns 112,278 shares of the information technology services provider's stock valued at $41,197,000 after acquiring an additional 112,156 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of CACI International by 256.0% during the fourth quarter. Sterling Capital Management LLC now owns 74,708 shares of the information technology services provider's stock valued at $30,187,000 after acquiring an additional 53,724 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of CACI International by 36.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 90,078 shares of the information technology services provider's stock valued at $33,051,000 after acquiring an additional 24,010 shares in the last quarter. River Road Asset Management LLC acquired a new position in shares of CACI International during the fourth quarter valued at about $8,585,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of CACI International by 51.9% during the fourth quarter. Russell Investments Group Ltd. now owns 46,919 shares of the information technology services provider's stock valued at $18,936,000 after acquiring an additional 16,037 shares in the last quarter. Institutional investors and hedge funds own 86.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CACI shares. William Blair upgraded shares of CACI International from a "market perform" rating to an "outperform" rating in a report on Monday. Truist Financial set a $525.00 price target on shares of CACI International and gave the stock a "buy" rating in a report on Friday, April 25th. Raymond James Financial reiterated a "market perform" rating on shares of CACI International in a report on Tuesday. Cowen reiterated a "buy" rating on shares of CACI International in a report on Monday, April 28th. Finally, UBS Group reiterated a "buy" rating on shares of CACI International in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $520.31.

CACI International Stock Performance

CACI International stock traded down $15.08 during mid-day trading on Tuesday, hitting $489.92. The company had a trading volume of 294,365 shares, compared to its average volume of 307,029. The company has a current ratio of 1.58, a quick 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. The company's fifty day moving average is $461.09 and its 200-day moving average is $416.37. The company has a market capitalization of $10.77 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.32 and a beta of 0.66.

CACI International (NYSE:CACI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The information technology services provider reported $6.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.53 by $0.70. CACI International had a return on equity of 15.23% and a net margin of 5.70%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted $5.74 EPS. The business's revenue was up 11.8% on a year-over-year basis. Equities research analysts predict that CACI International, Inc. will post 23.94 EPS for the current 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.