Cornerstone Investment Partners LLC Acquires 733 Shares of CACI International Inc (NYSE:CACI)

Cornerstone Investment Partners LLC increased its holdings in shares of CACI International Inc (NYSE:CACI) by 62.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,916 shares of the information technology services provider’s stock after purchasing an additional 733 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in CACI International were worth $621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fort Washington Investment Advisors Inc. OH purchased a new stake in CACI International during the fourth quarter valued at $18,360,000. Segall Bryant & Hamill LLC increased its position in CACI International by 2,850.9% during the first quarter. Segall Bryant & Hamill LLC now owns 50,165 shares of the information technology services provider’s stock valued at $14,862,000 after acquiring an additional 48,465 shares during the last quarter. Geode Capital Management LLC increased its position in CACI International by 15.2% during the first quarter. Geode Capital Management LLC now owns 366,123 shares of the information technology services provider’s stock valued at $108,475,000 after acquiring an additional 48,439 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in CACI International during the third quarter valued at $12,950,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in CACI International during the third quarter valued at $12,267,000. 86.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Jefferies Financial Group cut CACI International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $375.00 to $350.00 in a research report on Wednesday, January 3rd. Truist Financial upped their price target on CACI International from $385.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. The Goldman Sachs Group upped their price target on CACI International from $379.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday. Robert W. Baird upped their price target on CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company upped their price target on CACI International from $387.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $396.27.

Insider Activity at CACI International

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

CACI International Price Performance

Shares of NYSE:CACI traded up $3.40 during trading on Friday, hitting $367.46. 25,986 shares of the company’s stock were exchanged, compared to its average volume of 120,744. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 1.32. CACI International Inc has a 52-week low of $293.69 and a 52-week high of $382.65. The business’s 50-day simple moving average is $370.32 and its 200 day simple moving average is $342.60. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.80 and a beta of 0.89.

CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 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 firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the company posted $4.28 earnings per share. CACI International’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities analysts predict that CACI International Inc will post 20.27 EPS for the current year.

CACI International Company 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.