United Services Automobile Association Buys New Shares in CACI International, Inc. $CACI

Key Points

• United Services Automobile Association acquired a new position in CACI International, purchasing 1,482 shares valued at approximately $553,000 during the first quarter.
• Research analysts have shown a positive outlook for CACI International, with a consensus average target price of $549.69 and multiple upgrades from various firms.
• CACI International reported a strong quarterly performance, with earnings per share at $8.40, surpassing estimates and showing a revenue increase of 13.0% year-over-year.

United Services Automobile Association acquired a new position in shares of CACI International, Inc. (NYSE:CACI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,482 shares of the information technology services provider's stock, valued at approximately $553,000.

Other hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new position in shares of CACI International during the first quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of CACI International by 528.6% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 264 shares of the information technology services provider's stock worth $97,000 after purchasing an additional 222 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of CACI International by 21.0% during the first quarter. TD Private Client Wealth LLC now owns 305 shares of the information technology services provider's stock worth $112,000 after purchasing an additional 53 shares during the period. GAMMA Investing LLC increased its holdings in shares of CACI International by 150.8% during the first quarter. GAMMA Investing LLC now owns 306 shares of the information technology services provider's stock worth $112,000 after purchasing an additional 184 shares during the period. Finally, Covestor Ltd increased its holdings in shares of CACI International by 26.9% during the first quarter. Covestor Ltd now owns 307 shares of the information technology services provider's stock worth $113,000 after purchasing an additional 65 shares during the period. 86.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on CACI shares. UBS Group reaffirmed a "buy" rating and set a $614.00 target price (up from $562.00) on shares of CACI International in a report on Friday, August 8th. William Blair raised shares of CACI International from a "market perform" rating to an "outperform" rating in a report on Monday, July 7th. The Goldman Sachs Group raised shares of CACI International from a "sell" rating to a "buy" rating and lifted their price objective for the company from $407.00 to $544.00 in a research note on Wednesday, August 13th. Truist Financial set a $575.00 price objective on shares of CACI International in a research note on Friday, August 8th. Finally, Jefferies Financial Group cut shares of CACI International from a "buy" rating to a "hold" rating and decreased their price objective for the company from $570.00 to $535.00 in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $549.69.

CACI International Trading Up 0.3%

Shares of NYSE:CACI traded up $1.60 during mid-day trading on Monday, reaching $497.56. 28,971 shares of the company's stock were exchanged, compared to its average volume of 391,192. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 1.86 and a beta of 0.65. The business's fifty day moving average price is $480.88 and its 200-day moving average price is $445.56. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 1.47. CACI International, Inc. has a twelve month low of $318.60 and a twelve month high of $588.26.

CACI International (NYSE:CACI - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. CACI International had a net margin of 5.79% and a return on equity of 15.84%. CACI International's revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.61 earnings per share. On average, research analysts predict that CACI International, Inc. will post 23.94 EPS for the current fiscal year.

CACI International Company 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.