Neuburgh Advisers LLC increased its holdings in Caci International Inc (NYSE:CACI) by 59.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,568 shares of the information technology services provider’s stock after buying an additional 1,328 shares during the period. Neuburgh Advisers LLC’s holdings in Caci International were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in Caci International during the second quarter worth approximately $79,000. Marshall Wace LLP acquired a new position in Caci International in the 1st quarter valued at $93,000. Flagship Harbor Advisors LLC raised its holdings in Caci International by 50.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 829 shares of the information technology services provider’s stock valued at $169,000 after acquiring an additional 278 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Caci International in the 2nd quarter valued at $206,000. Finally, Laurel Wealth Advisors Inc. bought a new stake in shares of Caci International during the 1st quarter valued at $240,000. Institutional investors own 88.02% of the company’s stock.
Several research firms have recently issued reports on CACI. Morgan Stanley increased their target price on Caci International from $215.00 to $224.00 and gave the stock an “equal weight” rating in a report on Monday, June 24th. ValuEngine downgraded Caci International from a “buy” rating to a “hold” rating in a research note on Saturday, June 22nd. Citigroup cut shares of Caci International from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $200.00 to $230.00 in a research report on Tuesday, July 9th. Credit Suisse Group raised shares of Caci International from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $223.00 to $269.00 in a research report on Tuesday, August 20th. Finally, Wells Fargo & Co increased their price objective on shares of Caci International from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Caci International has a consensus rating of “Buy” and a consensus target price of $225.56.
Shares of CACI stock traded down $0.23 during trading hours on Wednesday, reaching $209.06. The company’s stock had a trading volume of 11,324 shares, compared to its average volume of 218,159. Caci International Inc has a fifty-two week low of $138.39 and a fifty-two week high of $229.37. The firm’s 50 day simple moving average is $214.75 and its 200-day simple moving average is $200.78. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.82 and a beta of 1.32.
Caci International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, August 14th. The information technology services provider reported $1.96 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.16). Caci International had a return on equity of 11.61% and a net margin of 5.33%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the firm posted $2.05 EPS. Caci International’s quarterly revenue was up 17.4% on a year-over-year basis. Sell-side analysts predict that Caci International Inc will post 12.05 earnings per share for the current year.
About Caci International
CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions in the areas of 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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