Geode Capital Management LLC Buys 22,823 Shares of CACI International Inc (NYSE:CACI)

Geode Capital Management LLC boosted its stake in shares of CACI International Inc (NYSE:CACI) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 482,274 shares of the information technology services provider’s stock after purchasing an additional 22,823 shares during the quarter. Geode Capital Management LLC’s holdings in CACI International were worth $243,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its position in shares of CACI International by 40.0% during the third quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 18 shares during the last quarter. UMB Bank n.a. lifted its position in CACI International by 81.4% during the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 35 shares during the last quarter. Coastline Trust Co purchased a new position in CACI International in the third quarter worth $45,000. Rosenberg Matthew Hamilton increased its position in shares of CACI International by 9.8% during the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after purchasing an additional 19 shares in the last quarter. Finally, Argent Capital Management LLC purchased a new stake in shares of CACI International during the 3rd quarter valued at $208,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.

Insider Activity

In other news, insider Gregory R. Bradford sold 10,000 shares of CACI International 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 sale, the insider now directly owns 35,538 shares of the company’s stock, valued at $17,499,266.58. The trade was a 21.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CACI. Wells Fargo & Company dropped their price target on CACI International from $637.00 to $564.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Bank of America upped their target price on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. TD Cowen raised their price target on shares of CACI International from $545.00 to $570.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. UBS Group began coverage on shares of CACI International in a research note on Monday, December 2nd. They set a “buy” rating and a $557.00 price objective for the company. Finally, Robert W. Baird raised their target price on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $524.45.

CACI International Price Performance

Shares of CACI International stock opened at $409.91 on Friday. The firm has a market cap of $9.19 billion, a PE ratio of 20.31, a P/E/G ratio of 1.33 and a beta of 0.85. The business has a 50-day moving average price of $502.96 and a 200 day moving average price of $472.43. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. CACI International Inc has a twelve month low of $314.06 and a twelve month high of $588.26.

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

About CACI International

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.