MetLife Investment Management LLC Reduces Stake in CACI International Inc (NYSE:CACI)

MetLife Investment Management LLC lowered its stake in shares of CACI International Inc (NYSE:CACI) by 1.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 11,524 shares of the information technology services provider’s stock after selling 214 shares during the quarter. MetLife Investment Management LLC’s holdings in CACI International were worth $5,815,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. purchased a new stake in CACI International in the third quarter worth $1,955,000. Comerica Bank increased its holdings in CACI International by 13.4% in the 1st quarter. Comerica Bank now owns 11,609 shares of the information technology services provider’s stock worth $4,398,000 after acquiring an additional 1,372 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in CACI International by 3.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock valued at $34,179,000 after acquiring an additional 2,396 shares during the period. Bridges Investment Management Inc. purchased a new stake in CACI International during the second quarter valued at about $489,000. Finally, Farther Finance Advisors LLC boosted its position in CACI International by 286.4% during the third quarter. Farther Finance Advisors LLC now owns 1,302 shares of the information technology services provider’s stock worth $657,000 after purchasing an additional 965 shares during the period. Institutional investors own 86.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Gregory R. Bradford sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $492.41, for a total value of $4,924,100.00. Following the completion of the sale, the insider now owns 35,538 shares in the company, valued at $17,499,266.58. The trade was a 21.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CACI has been the topic of several research reports. Barclays boosted their price target on shares of CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their target price on shares of CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group raised their price target on CACI International from $471.00 to $520.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Bank of America boosted their price objective on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, TD Cowen raised their target price on CACI International from $545.00 to $570.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $535.90.

CACI International Stock Performance

Shares of CACI opened at $459.88 on Friday. CACI International Inc has a 12-month low of $314.06 and a 12-month high of $588.26. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The company has a market cap of $10.31 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91. The stock has a 50-day moving average price of $515.01 and a 200-day moving average price of $471.08.

CACI International (NYSE:CACI) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.08 by $0.85. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. CACI International’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.36 earnings per share. As a group, equities analysts forecast that CACI International Inc will post 23.45 earnings per share for the current fiscal year.

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.