Raymond James Trust N.A. Sells 42 Shares of CACI International Inc (NYSE:CACI)

Raymond James Trust N.A. cut its position in CACI International Inc (NYSE:CACI) by 5.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 699 shares of the information technology services provider’s stock after selling 42 shares during the period. Raymond James Trust N.A.’s holdings in CACI International were worth $353,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of CACI International in the third quarter valued at approximately $1,955,000. Kennedy Capital Management LLC lifted its stake in shares of CACI International by 39.9% during the 1st quarter. Kennedy Capital Management LLC now owns 8,276 shares of the information technology services provider’s stock worth $3,135,000 after buying an additional 2,359 shares during the last quarter. Comerica Bank lifted its stake in shares of CACI International by 13.4% during the 1st quarter. Comerica Bank now owns 11,609 shares of the information technology services provider’s stock worth $4,398,000 after buying an additional 1,372 shares during the last quarter. Lazard Asset Management LLC acquired a new position in CACI International in the 1st quarter valued at about $653,000. Finally, Segall Bryant & Hamill LLC grew 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 buying an additional 2,396 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Raymond James cut CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Truist Financial lowered their price target on shares of CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group boosted their price objective on shares of CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Wells Fargo & Company lowered their target price on shares of CACI International from $637.00 to $564.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, CACI International currently has an average rating of “Moderate Buy” and a consensus price target of $535.90.

CACI International Trading Down 2.6 %

Shares of CACI opened at $460.30 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 1.75. CACI International Inc has a 52-week low of $314.06 and a 52-week high of $588.26. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.44 and a beta of 0.91. The business’s fifty day moving average is $516.70 and its 200-day moving average is $470.98.

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

Insider Activity at CACI International

In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 35,538 shares of the company’s stock, valued at $17,499,266.58. This represents a 21.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.35% of the stock is owned by insiders.

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.