Bank of New York Mellon Corp Boosts Holdings in CACI International Inc (NYSE:CACI)

Bank of New York Mellon Corp raised its position in CACI International Inc (NYSE:CACI) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 429,256 shares of the information technology services provider’s stock after acquiring an additional 5,248 shares during the period. Bank of New York Mellon Corp’s holdings in CACI International were worth $173,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CACI. Van ECK Associates Corp lifted its holdings in shares of CACI International by 35.2% during the 4th quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider’s stock valued at $63,477,000 after purchasing an additional 40,867 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in CACI International during the 3rd quarter valued at about $1,955,000. Running Oak Capital LLC raised its stake in CACI International by 8.9% in the fourth quarter. Running Oak Capital LLC now owns 31,139 shares of the information technology services provider’s stock valued at $12,582,000 after buying an additional 2,533 shares during the last quarter. RNC Capital Management LLC acquired a new stake in CACI International in the fourth quarter worth about $315,000. Finally, Geode Capital Management LLC boosted its holdings in CACI International by 5.0% in the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after acquiring an additional 22,823 shares in the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CACI. UBS Group began coverage on shares of CACI International in a report on Monday, December 2nd. They set a “buy” rating and a $557.00 price objective on the stock. Jefferies Financial Group upgraded shares of CACI International from a “hold” rating to a “buy” rating and set a $515.00 price target on the stock in a research note on Thursday, January 16th. Truist Financial decreased their price target on shares of CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Raymond James reissued an “outperform” rating and set a $490.00 price objective (up from $475.00) on shares of CACI International in a report on Thursday, January 23rd. Finally, TD Cowen reduced their target price on CACI International from $610.00 to $480.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $521.92.

CACI International Stock Performance

Shares of CACI stock opened at $335.31 on Friday. CACI International Inc has a 52-week low of $318.60 and a 52-week high of $588.26. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.80. The stock has a market cap of $7.52 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87. The business has a 50-day simple moving average of $393.85 and a 200-day simple moving average of $456.53.

CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.28 by $0.67. CACI International had a return on equity of 15.30% and a net margin of 5.90%. On average, equities analysts expect that CACI International Inc will post 23.94 EPS for the current 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.