Nordea Investment Management AB Lowers Holdings in Caci International Inc (CACI)

Nordea Investment Management AB lessened its holdings in shares of Caci International Inc (NYSE:CACI) by 13.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,647 shares of the information technology services provider’s stock after selling 700 shares during the quarter. Nordea Investment Management AB’s holdings in Caci International were worth $669,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in Caci International by 5.6% during the fourth quarter. Bank of New York Mellon Corp now owns 574,384 shares of the information technology services provider’s stock worth $82,728,000 after acquiring an additional 30,363 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Caci International by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 303,691 shares of the information technology services provider’s stock worth $43,739,000 after purchasing an additional 19,892 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Caci International by 15.9% during the third quarter. TIAA CREF Investment Management LLC now owns 290,773 shares of the information technology services provider’s stock worth $53,546,000 after purchasing an additional 39,987 shares during the last quarter. Tributary Capital Management LLC grew its holdings in shares of Caci International by 1.0% during the fourth quarter. Tributary Capital Management LLC now owns 149,691 shares of the information technology services provider’s stock worth $21,560,000 after purchasing an additional 1,523 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in shares of Caci International by 7.0% during the fourth quarter. Eagle Asset Management Inc. now owns 118,347 shares of the information technology services provider’s stock worth $17,045,000 after purchasing an additional 7,703 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Several analysts have recently commented on CACI shares. Zacks Investment Research upgraded Caci International from a “hold” rating to a “buy” rating and set a $166.00 target price on the stock in a report on Tuesday, January 15th. Citigroup decreased their price target on Caci International from $205.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, January 14th. Wells Fargo & Co reiterated a “buy” rating on shares of Caci International in a report on Friday, March 1st. ValuEngine upgraded Caci International from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Cowen reissued a “buy” rating and issued a $190.00 target price on shares of Caci International in a research note on Sunday, February 3rd. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Caci International has an average rating of “Buy” and an average target price of $195.50.

In other Caci International news, Director James Gilmore III sold 269 shares of Caci International stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $181.49, for a total value of $48,820.81. Following the completion of the transaction, the director now directly owns 13,817 shares of the company’s stock, valued at approximately $2,507,647.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Warren R. Phillips sold 335 shares of Caci International stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $181.09, for a total value of $60,665.15. Following the completion of the transaction, the director now directly owns 6,060 shares of the company’s stock, valued at $1,097,405.40. The disclosure for this sale can be found here. Insiders have sold a total of 6,171 shares of company stock valued at $1,187,167 over the last quarter. 1.51% of the stock is currently owned by corporate insiders.

Caci International stock traded up $2.10 during midday trading on Friday, reaching $204.81. The stock had a trading volume of 241,738 shares, compared to its average volume of 177,943. Caci International Inc has a 1-year low of $138.39 and a 1-year high of $207.77. The firm has a market cap of $5.09 billion, a PE ratio of 26.12, a P/E/G ratio of 1.87 and a beta of 1.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.82 and a current ratio of 1.82.

Caci International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported $2.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.30 by $0.39. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.24 billion. Caci International had a return on equity of 11.74% and a net margin of 5.68%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $2.56 earnings per share. As a group, equities research analysts predict that Caci International Inc will post 10.4 EPS for the current year.

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About Caci International

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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