Trust Point Inc. Buys New Stake in CACI International Inc (NYSE:CACI)

Trust Point Inc. acquired a new position in CACI International Inc (NYSE:CACI) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,132 shares of the information technology services provider’s stock, valued at approximately $457,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CACI. Van ECK Associates Corp grew its stake in shares of CACI International by 42.5% in the 3rd quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock worth $60,917,000 after buying an additional 34,647 shares in the last quarter. Geode Capital Management LLC grew its stake 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 worth $243,386,000 after buying an additional 22,823 shares in the last quarter. BNP Paribas Financial Markets grew its stake 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 buying an additional 15,961 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of CACI International by 36.4% in 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 buying an additional 14,141 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of CACI International in the 3rd quarter worth $1,955,000. 86.43% of the stock is owned by hedge funds and other institutional investors.

CACI International Trading Down 1.6 %

Shares of CACI opened at $380.02 on Thursday. CACI International Inc has a 1-year low of $345.77 and a 1-year high of $588.26. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.12 and a beta of 0.87. The company has a 50-day moving average of $422.29 and a 200 day moving average of $468.57.

CACI International (NYSE:CACI) last posted its quarterly earnings results 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 net margin of 5.90% and a return on equity of 15.30%. On average, research analysts expect that CACI International Inc will post 24.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Raymond James reissued an “outperform” rating and issued a $490.00 price objective (up from $475.00) on shares of CACI International in a research note on Thursday, January 23rd. Barclays raised their target price on shares of CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Jefferies Financial Group upgraded shares of CACI International from a “hold” rating to a “buy” rating and set a $515.00 target price for the company in a report on Thursday, January 16th. Wells Fargo & Company raised their target price on shares of CACI International from $503.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, StockNews.com lowered shares of CACI International from a “buy” rating to a “hold” rating in a report on Saturday, January 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $525.50.

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.