Ameriprise Financial Inc. Buys 28,091 Shares of CACI International Inc (NYSE:CACI)

Ameriprise Financial Inc. increased its stake in shares of CACI International Inc (NYSE:CACI) by 6.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 443,965 shares of the information technology services provider’s stock after acquiring an additional 28,091 shares during the period. Ameriprise Financial Inc. owned about 1.95% of CACI International worth $131,538,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Natixis Advisors L.P. increased its holdings in CACI International by 9.5% during the first quarter. Natixis Advisors L.P. now owns 17,513 shares of the information technology services provider’s stock worth $5,188,000 after buying an additional 1,526 shares during the last quarter. Bank of New York Mellon Corp raised its stake in CACI International by 30.3% in the first quarter. Bank of New York Mellon Corp now owns 604,767 shares of the information technology services provider’s stock valued at $179,180,000 after buying an additional 140,710 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of CACI International by 2.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 346,615 shares of the information technology services provider’s stock valued at $102,695,000 after buying an additional 9,335 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of CACI International by 6.1% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 133,880 shares of the information technology services provider’s stock worth $39,666,000 after acquiring an additional 7,643 shares during the period. Finally, M&T Bank Corp increased its holdings in shares of CACI International by 118.9% during the 4th quarter. M&T Bank Corp now owns 34,329 shares of the information technology services provider’s stock worth $4,987,000 after acquiring an additional 18,643 shares during the last quarter. 87.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CACI has been the topic of a number of research reports. William Blair reiterated an “outperform” rating on shares of CACI International in a research note on Thursday, August 10th. StockNews.com began coverage on CACI International in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Wells Fargo & Company lifted their target price on CACI International from $346.00 to $383.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. JPMorgan Chase & Co. raised their price target on shares of CACI International from $330.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. Finally, Truist Financial increased their target price on shares of CACI International from $345.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CACI International currently has an average rating of “Buy” and a consensus price target of $376.09.

CACI International Stock Performance

NYSE CACI opened at $317.90 on Monday. The company has a market capitalization of $7.20 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.70 and a beta of 0.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 1.22. CACI International Inc has a 52-week low of $245.32 and a 52-week high of $359.33. The company has a fifty day moving average of $337.73 and a 200-day moving average of $317.64.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, August 9th. The information technology services provider reported $5.30 EPS for the quarter, beating the consensus estimate of $4.85 by $0.45. CACI International had a net margin of 5.74% and a return on equity of 13.87%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm earned $4.54 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts predict that CACI International Inc will post 19.97 EPS for the current fiscal year.

Insider Buying and Selling at CACI International

In other CACI International news, Director Gregory G. Johnson sold 125 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $319.82, for a total transaction of $39,977.50. Following the completion of the transaction, the director now owns 5,998 shares of the company’s stock, valued at $1,918,280.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.23% of the company’s stock.

CACI International Company Profile

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.