Covestor Ltd Reduces Position in CACI International Inc (NYSE:CACI)

Covestor Ltd reduced its stake in CACI International Inc (NYSE:CACI) by 29.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242 shares of the information technology services provider’s stock after selling 99 shares during the quarter. Covestor Ltd’s holdings in CACI International were worth $98,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in CACI International by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock valued at $243,386,000 after purchasing an additional 22,823 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of CACI International in the third quarter valued at approximately $184,000. TD Private Client Wealth LLC lifted its stake in shares of CACI International by 49.1% during the third quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock valued at $127,000 after buying an additional 83 shares during the period. GAMMA Investing LLC boosted its position in CACI International by 69.4% during the fourth quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock worth $49,000 after acquiring an additional 50 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its stake in CACI International by 44.1% in the 4th quarter. Central Pacific Bank Trust Division now owns 490 shares of the information technology services provider’s stock worth $198,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.

CACI International Trading Up 2.5 %

CACI opened at $413.50 on Friday. The firm’s 50 day moving average is $367.40 and its 200-day moving average is $433.73. CACI International Inc has a 52-week low of $318.60 and a 52-week high of $588.26. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $9.27 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.01 and a beta of 0.78.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.28 by $0.67. CACI International had a net margin of 5.90% and a return on equity of 15.30%. Analysts expect that CACI International Inc will post 23.94 EPS for the current fiscal year.

Insider Activity at CACI International

In related news, Director Debora A. Plunkett sold 309 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $363.62, for a total value of $112,358.58. Following the sale, the director now directly owns 2,315 shares of the company’s stock, valued at $841,780.30. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on CACI. TD Cowen decreased their price objective on CACI International from $610.00 to $480.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Raymond James reissued an “outperform” rating and issued a $490.00 price target (up from $475.00) on shares of CACI International in a research note on Thursday, January 23rd. StockNews.com downgraded shares of CACI International from a “buy” rating to a “hold” rating in a research note on Saturday, January 25th. Jefferies Financial Group decreased their target price on shares of CACI International from $520.00 to $455.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $640.00 price target on shares of CACI International in a research report on Tuesday, December 17th. One 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $514.08.

CACI International 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.