Lazard Asset Management LLC Grows Position in CACI International Inc (NYSE:CACI)

Lazard Asset Management LLC increased its stake in shares of CACI International Inc (NYSE:CACI - Free Report) by 62.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,214 shares of the information technology services provider's stock after buying an additional 5,458 shares during the quarter. Lazard Asset Management LLC owned 0.06% of CACI International worth $5,741,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CACI. UMB Bank n.a. grew its stake in CACI International by 37.2% in the 4th quarter. UMB Bank n.a. now owns 107 shares of the information technology services provider's stock valued at $43,000 after purchasing an additional 29 shares during the period. VSM Wealth Advisory LLC bought a new position in CACI International in the 4th quarter valued at $69,000. Jones Financial Companies Lllp grew its stake in CACI International by 452.8% in the 4th quarter. Jones Financial Companies Lllp now owns 199 shares of the information technology services provider's stock valued at $80,000 after purchasing an additional 163 shares during the period. Applied Finance Capital Management LLC bought a new position in CACI International in the 4th quarter valued at $219,000. Finally, Cary Street Partners Financial LLC bought a new position in CACI International in the 4th quarter valued at $287,000. Institutional investors own 86.43% of the company's stock.

Insiders Place Their Bets

In other CACI International news, Director Debora A. Plunkett sold 309 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $363.62, for a total value of $112,358.58. Following the completion of the sale, the director now owns 2,315 shares in the company, valued at approximately $841,780.30. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.35% of the company's stock.

CACI International Trading Up 0.5%

CACI traded up $2.30 on Friday, hitting $479.28. 278,028 shares of the company were exchanged, compared to its average volume of 281,624. The firm has a fifty day simple moving average of $416.96 and a two-hundred day simple moving average of $420.11. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.52 and a current ratio of 1.52. CACI International Inc has a 12 month low of $318.60 and a 12 month high of $588.26. The stock has a market capitalization of $10.54 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.01 and a beta of 0.67.

CACI International (NYSE:CACI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $6.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $0.70. CACI International had a return on equity of 15.30% and a net margin of 5.90%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the company earned $5.74 EPS. CACI International's revenue for the quarter was up 11.8% compared to the same quarter last year. Sell-side analysts expect that CACI International Inc will post 23.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CACI. Cowen restated a "buy" rating on shares of CACI International in a research note on Monday, April 28th. Truist Financial set a $525.00 price target on CACI International and gave the company a "buy" rating in a research report on Friday, April 25th. William Blair cut CACI International from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. UBS Group reaffirmed a "buy" rating on shares of CACI International in a research report on Friday, April 25th. Finally, StockNews.com cut CACI International from a "buy" rating to a "hold" rating in a research report on Saturday, January 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $515.67.

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.