Provident Investment Management Inc. lowered its holdings in shares of CACI International, Inc. (NYSE:CACI – Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,301 shares of the information technology services provider’s stock after selling 3,500 shares during the quarter. CACI International makes up 4.4% of Provident Investment Management Inc.’s holdings, making the stock its 10th largest position. Provident Investment Management Inc.’s holdings in CACI International were worth $48,646,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of CACI. Ethic Inc. increased its position in shares of CACI International by 17.2% in the fourth quarter. Ethic Inc. now owns 2,871 shares of the information technology services provider’s stock valued at $1,530,000 after buying an additional 421 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of CACI International during the 4th quarter valued at approximately $59,000. Horizon Investments LLC grew its stake in CACI International by 35.4% in the 4th quarter. Horizon Investments LLC now owns 9,580 shares of the information technology services provider’s stock valued at $5,104,000 after acquiring an additional 2,504 shares during the period. Torren Management LLC purchased a new stake in CACI International in the 4th quarter worth $140,000. Finally, West Michigan Advisors LLC purchased a new stake in CACI International in the 4th quarter worth $222,000. 86.43% of the stock is owned by institutional investors and hedge funds.
CACI International Trading Up 0.3%
Shares of CACI opened at $482.64 on Tuesday. CACI International, Inc. has a 52-week low of $409.62 and a 52-week high of $683.50. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.20. The firm’s fifty day moving average is $561.23 and its two-hundred day moving average is $579.18. The stock has a market cap of $10.66 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.61 and a beta of 0.53.
Analyst Upgrades and Downgrades
CACI has been the topic of several recent analyst reports. Citigroup decreased their price objective on shares of CACI International from $721.00 to $614.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Jefferies Financial Group reissued a “hold” rating and set a $550.00 target price on shares of CACI International in a research note on Sunday, April 26th. JPMorgan Chase & Co. upped their price target on shares of CACI International from $645.00 to $700.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Stifel Nicolaus raised their price target on shares of CACI International from $670.00 to $765.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company began coverage on CACI International in a report on Wednesday, April 1st. They issued an “overweight” rating and a $275.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $641.50.
View Our Latest Report on CACI International
Insider Transactions at CACI International
In related news, Director Debora A. Plunkett sold 220 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $603.30, for a total transaction of $132,726.00. Following the completion of the sale, the director owned 2,428 shares of the company’s stock, valued at approximately $1,464,812.40. This represents a 8.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.
About CACI International
CACI International Inc is a leading provider of information solutions and services to the U.S. federal government, with a primary focus on defense, intelligence, homeland security and federal civilian agencies. The company delivers advanced technology and domain expertise to support mission-critical operations, offering capabilities in areas such as data analytics, cyber security, network integration, enterprise IT modernization and logistics support. By integrating software, hardware and professional services, CACI helps clients enhance situational awareness, improve decision making and maintain critical infrastructure resilience.
Founded in 1962 and headquartered in Arlington, Virginia, CACI has evolved from a small consulting operation into a global enterprise.
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