Wedge Capital Management L L P NC Sells 615 Shares of CACI International Inc (NYSE:CACI)

Wedge Capital Management L L P NC lowered its holdings in CACI International Inc (NYSE:CACI) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,790 shares of the information technology services provider’s stock after selling 615 shares during the period. Wedge Capital Management L L P NC’s holdings in CACI International were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. California Public Employees Retirement System grew its position in CACI International by 0.5% in the third quarter. California Public Employees Retirement System now owns 129,405 shares of the information technology services provider’s stock valued at $40,624,000 after purchasing an additional 630 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of CACI International by 65.2% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 68,139 shares of the information technology services provider’s stock worth $22,067,000 after buying an additional 26,887 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of CACI International during the 4th quarter worth about $18,360,000. Teachers Retirement System of The State of Kentucky raised its stake in CACI International by 32.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 12,583 shares of the information technology services provider’s stock worth $3,951,000 after purchasing an additional 3,104 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of CACI International by 10.1% in the 3rd quarter. Amalgamated Bank now owns 16,390 shares of the information technology services provider’s stock valued at $5,145,000 after buying an additional 1,503 shares in the last quarter. Institutional investors own 86.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CACI. The Goldman Sachs Group boosted their target price on shares of CACI International from $379.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Robert W. Baird upped their price objective on shares of CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Truist Financial upped their price objective on shares of CACI International from $385.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. upped their price objective on shares of CACI International from $375.00 to $383.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Finally, Stifel Nicolaus upped their price objective on shares of CACI International from $390.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, CACI International presently has an average rating of “Moderate Buy” and an average price target of $400.82.

CACI International Stock Down 0.8 %

CACI International stock opened at $379.21 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. CACI International Inc has a 12-month low of $293.69 and a 12-month high of $385.70. The firm’s fifty day moving average is $371.27 and its 200 day moving average is $344.37. The company has a market capitalization of $8.45 billion, a PE ratio of 22.97, a PEG ratio of 1.90 and a beta of 0.89.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.14). CACI International had a net margin of 5.31% and a return on equity of 13.65%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm earned $4.28 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. As a group, sell-side analysts predict that CACI International Inc will post 20.27 EPS for the current fiscal year.

Insider Activity at CACI International

In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the transaction, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Gregory G. Johnson sold 150 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $361.69, for a total value of $54,253.50. Following the completion of the sale, the director now owns 6,446 shares in the company, valued at $2,331,453.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the completion of the sale, the executive vice president now owns 23,385 shares of the company’s stock, valued at approximately $8,827,369.80. The disclosure for this sale can be found here. 1.23% of the stock is owned by corporate insiders.

CACI International Profile

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.