Sowell Financial Services LLC reduced its holdings in CACI International Inc (NYSE:CACI) by 73.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150 shares of the information technology services provider’s stock after selling 420 shares during the quarter. Sowell Financial Services LLC’s holdings in CACI International were worth $39,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp raised its position in CACI International by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 575,196 shares of the information technology services provider’s stock worth $143,413,000 after purchasing an additional 6,378 shares during the last quarter. GW&K Investment Management LLC raised its position in CACI International by 17.7% in the 4th quarter. GW&K Investment Management LLC now owns 150,046 shares of the information technology services provider’s stock worth $37,411,000 after purchasing an additional 22,586 shares during the last quarter. Thornburg Investment Management Inc. bought a new position in CACI International in the 4th quarter worth approximately $25,681,000. Thompson Siegel & Walmsley LLC raised its position in CACI International by 31.0% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 80,145 shares of the information technology services provider’s stock worth $19,769,000 after purchasing an additional 18,988 shares during the last quarter. Finally, Rhumbline Advisers raised its position in CACI International by 7.5% in the 4th quarter. Rhumbline Advisers now owns 77,180 shares of the information technology services provider’s stock worth $19,243,000 after purchasing an additional 5,391 shares during the last quarter. 90.19% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of CACI International from a “buy” rating to a “hold” rating and set a $254.00 price objective for the company. in a research report on Monday, March 15th. Wells Fargo & Company initiated coverage on shares of CACI International in a research report on Tuesday, May 18th. They set an “overweight” rating and a $311.00 target price for the company. The Goldman Sachs Group cut shares of CACI International from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday. Barclays upped their target price on shares of CACI International from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, April 26th. Finally, Morgan Stanley upped their target price on shares of CACI International from $279.00 to $282.00 and gave the company an “equal weight” rating in a research report on Thursday, February 25th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. CACI International currently has a consensus rating of “Buy” and a consensus price target of $290.80.
CACI International (NYSE:CACI) last released its quarterly earnings data on Tuesday, April 20th. The information technology services provider reported $4.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.69 by $1.09. CACI International had a return on equity of 15.75% and a net margin of 6.93%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business posted $3.16 EPS. CACI International’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts anticipate that CACI International Inc will post 18.32 earnings per share for the current year.
In other news, Director Debora A. Plunkett sold 275 shares of CACI International stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $253.67, for a total transaction of $69,759.25. Following the transaction, the director now owns 923 shares in the company, valued at approximately $234,137.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.56% of the company’s stock.
CACI International Profile
CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions for financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.
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