Valley Wealth Managers Inc. Purchases 2,752 Shares of CACI International, Inc. (NYSE:CACI)

Key Points

• Valley Wealth Managers Inc. increased its holdings in CACI International by 6.1% during the 1st quarter, owning 47,783 shares valued at approximately $17.53 million.
• Several institutional investors significantly boosted their stakes, with GAMMA Investing LLC raising its shareholding by a remarkable 91,931.1% during the same period.
• CACI International reported earnings of $6.23 per share for the last quarter, outperforming analysts' estimates and showing an 11.8% increase in quarterly revenue compared to the previous year.

Valley Wealth Managers Inc. lifted its position in CACI International, Inc. (NYSE:CACI - Free Report) by 6.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 47,783 shares of the information technology services provider's stock after purchasing an additional 2,752 shares during the period. Valley Wealth Managers Inc. owned about 0.22% of CACI International worth $17,533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cornerstone Investment Partners LLC increased its holdings in shares of CACI International by 1.3% during the first quarter. Cornerstone Investment Partners LLC now owns 2,044 shares of the information technology services provider's stock valued at $750,000 after acquiring an additional 27 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of CACI International by 21.0% during the 1st quarter. TD Private Client Wealth LLC now owns 305 shares of the information technology services provider's stock valued at $112,000 after acquiring an additional 53 shares during the period. Wayfinding Financial LLC purchased a new position in CACI International in the 1st quarter worth approximately $27,000. Wedbush Securities Inc. raised its holdings in shares of CACI International by 11.0% during the 1st quarter. Wedbush Securities Inc. now owns 881 shares of the information technology services provider's stock worth $323,000 after acquiring an additional 87 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of CACI International by 8.6% during the 1st quarter. Farther Finance Advisors LLC now owns 1,131 shares of the information technology services provider's stock worth $418,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 86.43% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on CACI shares. Raymond James Financial restated a "market perform" rating on shares of CACI International in a report on Tuesday, July 8th. Stifel Nicolaus initiated coverage on CACI International in a research note on Tuesday, June 24th. They issued a "buy" rating and a $576.00 price objective for the company. Barclays raised their target price on CACI International from $450.00 to $510.00 and gave the stock an "overweight" rating in a report on Tuesday, April 29th. UBS Group reaffirmed a "buy" rating on shares of CACI International in a research note on Friday, April 25th. Finally, Truist Financial lifted their target price on CACI International from $525.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $522.23.

CACI International Stock Up 0.9%

NYSE:CACI traded up $4.00 during trading hours on Wednesday, hitting $472.62. 40,637 shares of the stock traded hands, compared to its average volume of 425,547. The firm has a 50 day moving average price of $463.40 and a 200 day moving average price of $423.40. 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 fifty-two week low of $318.60 and a fifty-two week high of $588.26. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 1.21 and a beta of 0.66.

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.