Russell Investments Group Ltd. Increases Stake in Caci International Inc (NYSE:CACI)

Russell Investments Group Ltd. grew its position in Caci International Inc (NYSE:CACI) by 26.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,234 shares of the information technology services provider’s stock after acquiring an additional 18,018 shares during the quarter. Russell Investments Group Ltd.’s holdings in Caci International were worth $19,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in shares of Caci International in the second quarter valued at $79,000. Marshall Wace LLP purchased a new stake in shares of Caci International in the first quarter valued at $93,000. Flagship Harbor Advisors LLC raised its stake in shares of Caci International by 50.5% in the second quarter. Flagship Harbor Advisors LLC now owns 829 shares of the information technology services provider’s stock valued at $169,000 after acquiring an additional 278 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Caci International in the second quarter valued at $206,000. Finally, Advisor Partners LLC raised its stake in shares of Caci International by 4.9% in the second quarter. Advisor Partners LLC now owns 1,281 shares of the information technology services provider’s stock valued at $262,000 after acquiring an additional 60 shares during the period. 86.18% of the stock is currently owned by institutional investors and hedge funds.

CACI stock traded up $0.04 during trading on Friday, hitting $225.93. The company had a trading volume of 94,660 shares, compared to its average volume of 207,487. The firm has a market capitalization of $5.57 billion, a P/E ratio of 21.60, a PEG ratio of 1.82 and a beta of 1.29. Caci International Inc has a 52-week low of $138.39 and a 52-week high of $235.00. The company has a 50 day simple moving average of $225.66 and a 200-day simple moving average of $212.78. The company has a quick ratio of 1.49, a current ratio of 1.35 and a debt-to-equity ratio of 0.77.

Caci International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, October 30th. The information technology services provider reported $2.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $0.03. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Caci International had a net margin of 4.91% and a return on equity of 10.86%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.10 EPS. Sell-side analysts forecast that Caci International Inc will post 12.2 earnings per share for the current year.

In other Caci International news, insider Kenneth Asbury sold 14,050 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $209.53, for a total transaction of $2,943,896.50. Following the transaction, the insider now directly owns 51,080 shares in the company, valued at approximately $10,702,792.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James L. Pavitt sold 500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $217.27, for a total transaction of $108,635.00. Following the transaction, the director now owns 6,224 shares in the company, valued at $1,352,288.48. The disclosure for this sale can be found here. Insiders sold a total of 15,411 shares of company stock worth $3,237,888 in the last ninety days. 1.38% of the stock is currently owned by insiders.

CACI has been the topic of several recent analyst reports. Credit Suisse Group reissued a “buy” rating and issued a $269.00 target price on shares of Caci International in a research note on Thursday, September 19th. JPMorgan Chase & Co. initiated coverage on shares of Caci International in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $250.00 target price on the stock. Goldman Sachs Group reissued a “buy” rating and issued a $258.00 target price on shares of Caci International in a research note on Wednesday, September 18th. Barclays started coverage on shares of Caci International in a research note on Friday, September 20th. They issued an “overweight” rating and a $260.00 target price on the stock. Finally, Cowen reaffirmed a “buy” rating and issued a $243.00 price target on shares of Caci International in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Caci International has a consensus rating of “Buy” and an average price target of $237.70.

Caci International Company Profile

CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions in the areas of financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.

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Institutional Ownership by Quarter for Caci International (NYSE:CACI)

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