Corebridge Financial Inc. Trims Position in CACI International Inc (NYSE:CACI)

Corebridge Financial Inc. reduced its holdings in CACI International Inc (NYSE:CACI) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,352 shares of the information technology services provider’s stock after selling 1,020 shares during the period. Corebridge Financial Inc. owned about 0.11% of CACI International worth $10,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in CACI International by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after purchasing an additional 22,823 shares during the period. Bank of New York Mellon Corp raised its position in CACI International by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 429,256 shares of the information technology services provider’s stock valued at $173,445,000 after acquiring an additional 5,248 shares in the last quarter. Van ECK Associates Corp lifted its holdings in CACI International by 35.2% in the fourth quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider’s stock valued at $63,477,000 after acquiring an additional 40,867 shares during the period. BNP Paribas Financial Markets boosted its position in CACI International by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock worth $29,745,000 after purchasing an additional 15,961 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of CACI International by 36.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 53,005 shares of the information technology services provider’s stock worth $21,417,000 after purchasing an additional 14,141 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.

CACI International Trading Up 0.2 %

Shares of CACI opened at $373.30 on Thursday. The firm’s fifty day moving average is $375.87 and its two-hundred day moving average is $442.61. The stock has a market cap of $8.37 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.01 and a beta of 0.88. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.80. CACI International Inc has a 52-week low of $318.60 and a 52-week high of $588.26.

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

Wall Street Analysts Forecast Growth

CACI has been the subject of several analyst reports. William Blair cut shares of CACI International from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. The Goldman Sachs Group lowered shares of CACI International from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $540.00 to $373.00 in a research note on Thursday, December 12th. UBS Group initiated coverage on CACI International in a research note on Monday, December 2nd. They issued a “buy” rating and a $557.00 price target for the company. Wells Fargo & Company lowered their price target on CACI International from $536.00 to $480.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Finally, StockNews.com cut CACI International from a “buy” rating to a “hold” rating in a research report on Saturday, January 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $517.31.

Insider Activity

In related news, Director Debora A. Plunkett sold 309 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $363.62, for a total value of $112,358.58. Following the completion of the sale, the director now owns 2,315 shares of the company’s stock, valued at approximately $841,780.30. This represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.35% of the company’s stock.

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.