Cornerstone Investment Partners LLC Increases Holdings in CACI International Inc (NYSE:CACI)

Cornerstone Investment Partners LLC increased its stake in shares of CACI International Inc (NYSE:CACI) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,017 shares of the information technology services provider’s stock after buying an additional 85 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in CACI International were worth $815,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its stake in shares of CACI International by 13.4% in the third quarter. Nisa Investment Advisors LLC now owns 2,328 shares of the information technology services provider’s stock valued at $1,175,000 after buying an additional 275 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of CACI International by 13.1% in the third quarter. New York State Common Retirement Fund now owns 31,853 shares of the information technology services provider’s stock valued at $16,072,000 after buying an additional 3,700 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of CACI International by 286.4% in the third quarter. Farther Finance Advisors LLC now owns 1,302 shares of the information technology services provider’s stock valued at $657,000 after buying an additional 965 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of CACI International by 42.5% in 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 buying an additional 34,647 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of CACI International in the third quarter valued at $300,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.

CACI International Stock Down 1.7 %

CACI International stock opened at $329.25 on Tuesday. CACI International Inc has a fifty-two week low of $318.60 and a fifty-two week high of $588.26. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market capitalization of $7.38 billion, a P/E ratio of 15.44, a PEG ratio of 1.01 and a beta of 0.87. The stock has a 50-day simple moving average of $390.97 and a 200-day simple moving average of $454.60.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share 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%. Equities research analysts expect that CACI International Inc will post 23.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. UBS Group assumed coverage on CACI International in a research note on Monday, December 2nd. They issued a “buy” rating and a $557.00 price objective for the company. StockNews.com lowered CACI International from a “buy” rating to a “hold” rating in a report on Saturday, January 25th. Cantor Fitzgerald upgraded CACI International to a “strong-buy” rating in a report on Tuesday, February 25th. William Blair lowered CACI International from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Finally, Wells Fargo & Company decreased their target price on CACI International from $536.00 to $480.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CACI International currently has a consensus rating of “Moderate Buy” and an average price target of $521.92.

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.