CACI International Inc (NYSE:CACI) Stake Cut by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC decreased its holdings in shares of CACI International Inc (NYSE:CACI) by 0.9% in the 3rd quarter, Holdings Channel reports. The firm owned 59,036 shares of the information technology services provider’s stock after selling 564 shares during the quarter. Lord Abbett & CO. LLC’s holdings in CACI International were worth $29,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of CACI International by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock valued at $243,386,000 after buying an additional 22,823 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in CACI International by 1.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock valued at $146,623,000 after acquiring an additional 5,610 shares during the period. Van ECK Associates Corp grew its holdings in shares of CACI International by 42.5% during the third quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock valued at $60,917,000 after purchasing an additional 34,647 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of CACI International by 3.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock worth $34,179,000 after purchasing an additional 2,396 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of 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 during the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Price Performance

Shares of NYSE:CACI opened at $409.91 on Monday. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.33 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. CACI International Inc has a 12 month low of $314.06 and a 12 month high of $588.26. The stock’s 50 day moving average price is $502.96 and its 200 day moving average price is $472.80.

CACI International (NYSE:CACI) last posted its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.36 EPS. Equities research analysts anticipate that CACI International Inc will post 23.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

CACI has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price objective on CACI International from $637.00 to $564.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. UBS Group started coverage on shares of CACI International in a research report on Monday, December 2nd. They set a “buy” rating and a $557.00 price target for the company. The Goldman Sachs Group downgraded shares of CACI International from a “neutral” rating to a “sell” rating and cut their price objective for the company from $540.00 to $373.00 in a research report on Thursday. Barclays upped their target price on shares of CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, Bank of America lifted their price target on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $524.45.

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.