United Services Automobile Association Buys New Position in CACI International, Inc. $CACI

United Services Automobile Association purchased a new position in shares of CACI International, Inc. (NYSE:CACI) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,482 shares of the information technology services provider’s stock, valued at approximately $553,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wayfinding Financial LLC bought a new position in CACI International during the first quarter valued at $27,000. Cary Street Partners Investment Advisory LLC raised its position in shares of CACI International by 528.6% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 264 shares of the information technology services provider’s stock worth $97,000 after buying an additional 222 shares in the last quarter. GAMMA Investing LLC raised its position in shares of CACI International by 150.8% in the first quarter. GAMMA Investing LLC now owns 306 shares of the information technology services provider’s stock worth $112,000 after buying an additional 184 shares in the last quarter. TD Private Client Wealth LLC raised its position in CACI International by 21.0% during the first quarter. TD Private Client Wealth LLC now owns 305 shares of the information technology services provider’s stock valued at $112,000 after purchasing an additional 53 shares in the last quarter. Finally, Covestor Ltd raised its position in CACI International by 26.9% during the first quarter. Covestor Ltd now owns 307 shares of the information technology services provider’s stock valued at $113,000 after purchasing an additional 65 shares in the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Truist Financial set a $575.00 price objective on CACI International in a research note on Friday, August 8th. The Goldman Sachs Group upgraded shares of CACI International from a “sell” rating to a “buy” rating and raised their price objective for the stock from $407.00 to $544.00 in a report on Wednesday, August 13th. William Blair upgraded shares of CACI International from a “market perform” rating to an “outperform” rating in a report on Monday, July 7th. Jefferies Financial Group lowered shares of CACI International from a “buy” rating to a “hold” rating and lowered their target price for the company from $570.00 to $535.00 in a report on Wednesday, August 6th. Finally, UBS Group restated a “buy” rating and issued a $614.00 price objective (up from $562.00) on shares of CACI International in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $549.69.

CACI International Stock Performance

CACI International stock opened at $479.00 on Wednesday. The company has a market capitalization of $10.53 billion, a PE ratio of 21.43, a P/E/G ratio of 1.23 and a beta of 0.65. The company has a 50 day moving average price of $480.72 and a 200-day moving average price of $441.44. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 1.47. CACI International, Inc. has a fifty-two week low of $318.60 and a fifty-two week high of $588.26.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, August 6th. The information technology services provider reported $8.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.54 by $1.86. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. CACI International had a net margin of 5.79% and a return on equity of 15.84%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $6.61 earnings per share. As a group, equities analysts forecast that CACI International, Inc. will post 23.94 earnings per share for the current year.

CACI International Profile

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.