United Services Automobile Association Acquires Shares of 1,482 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 bought a new stake in CACI International, Inc. (NYSE:CACI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,482 shares of the information technology services provider's stock, valued at approximately $553,000.

A number of other large investors also recently made changes to their positions in CACI. Wayfinding Financial LLC acquired a new position in shares of CACI International in the 1st quarter valued at about $27,000. Cary Street Partners Investment Advisory LLC grew its stake 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 valued at $97,000 after buying an additional 222 shares in the last quarter. GAMMA Investing LLC grew its stake 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 valued at $112,000 after buying an additional 184 shares in the last quarter. TD Private Client Wealth LLC boosted its position in 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. Finally, Covestor Ltd boosted its position in 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. Institutional investors and hedge funds own 86.43% of the company's stock.

Analysts Set New Price Targets

CACI has been the subject of a number of recent analyst reports. Truist Financial set a $575.00 target price on CACI International in a research report on Friday, August 8th. Jefferies Financial Group cut CACI International from a "buy" rating to a "hold" rating and decreased their target price for the stock from $570.00 to $535.00 in a report on Wednesday, August 6th. The Goldman Sachs Group upgraded CACI International from a "sell" rating to a "buy" rating and increased their target price for the stock from $407.00 to $544.00 in a report on Wednesday, August 13th. Raymond James Financial reiterated a "market perform" rating on shares of CACI International in a report on Friday, August 8th. Finally, William Blair upgraded CACI International from a "market perform" rating to an "outperform" rating in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $549.69.

CACI International Stock Up 0.6%

CACI International stock traded up $2.88 during midday trading on Friday, reaching $496.00. The stock had a trading volume of 170,819 shares, compared to its average volume of 193,881. The firm's fifty day simple moving average is $480.88 and its 200-day simple moving average is $444.80. CACI International, Inc. has a 1-year low of $318.60 and a 1-year high of $588.26. The stock has a market capitalization of $10.91 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 1.85 and a beta of 0.65. 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 (NYSE:CACI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The information technology services provider reported $8.40 earnings per share for the quarter, topping the consensus estimate of $6.54 by $1.86. CACI International had a return on equity of 15.84% and a net margin of 5.79%.The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the firm earned $6.61 EPS. The business's quarterly revenue was up 13.0% on a year-over-year basis. As a group, analysts expect 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.