KLP Kapitalforvaltning AS Takes Position in CACI International Inc (NYSE:CACI)

KLP Kapitalforvaltning AS bought a new position in shares of CACI International Inc (NYSE:CACI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,300 shares of the information technology services provider’s stock, valued at approximately $2,546,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in CACI International by 37.1% during 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 acquiring an additional 15,961 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of CACI International by 10.2% during the 3rd quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock worth $415,000 after purchasing an additional 76 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of CACI International during the third quarter worth $289,000. Geode Capital Management LLC increased its holdings in CACI International by 5.0% in the third 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 last quarter. Finally, Toronto Dominion Bank acquired a new stake in CACI International in the third quarter valued at $184,000. Institutional investors and hedge funds own 86.43% of the company’s stock.

CACI International Price Performance

Shares of NYSE:CACI opened at $373.30 on Thursday. CACI International Inc has a one year low of $318.60 and a one year high of $588.26. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.01 and a beta of 0.88. The company has a 50-day simple moving average of $375.87 and a 200-day simple moving average of $442.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.52 and a current ratio of 1.52.

CACI International (NYSE:CACI) last posted its quarterly earnings data on Wednesday, January 22nd. The information technology services provider reported $5.95 EPS for the quarter, beating the consensus estimate of $5.28 by $0.67. CACI International had a return on equity of 15.30% and a net margin of 5.90%. On average, analysts predict that CACI International Inc will post 23.94 EPS for the current year.

Insider Buying and Selling

In other news, Director Debora A. Plunkett sold 309 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $363.62, for a total transaction of $112,358.58. Following the transaction, the director now directly owns 2,315 shares in the company, valued at $841,780.30. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

CACI has been the subject of several analyst reports. Robert W. Baird reaffirmed an “outperform” rating and set a $640.00 price objective on shares of CACI International in a research report on Tuesday, December 17th. UBS Group began coverage on shares of CACI International in a research note on Monday, December 2nd. They issued a “buy” rating and a $557.00 price target on the stock. Wells Fargo & Company reduced their price objective on shares of CACI International from $536.00 to $480.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Cantor Fitzgerald raised shares of CACI International to a “strong-buy” rating in a research report on Tuesday, February 25th. Finally, StockNews.com lowered shares of CACI International from a “buy” rating to a “hold” rating in a research note on Saturday, January 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $517.31.

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.