Riverhead Capital Management LLC Boosts Position in Caci International Inc (NYSE:CACI)
Riverhead Capital Management LLC raised its position in Caci International Inc (NYSE:CACI) by 60.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,138 shares of the information technology services provider’s stock after acquiring an additional 1,552 shares during the quarter. Riverhead Capital Management LLC’s holdings in Caci International were worth $847,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of Caci International by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 624,635 shares of the information technology services provider’s stock valued at $127,793,000 after purchasing an additional 38,590 shares during the period. Geode Capital Management LLC grew its position in 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 valued at $43,739,000 after buying an additional 19,892 shares during the period. Copper Rock Capital Partners LLC grew its position in Caci International by 7.8% during the second quarter. Copper Rock Capital Partners LLC now owns 120,877 shares of the information technology services provider’s stock valued at $24,730,000 after buying an additional 8,705 shares during the period. Rhumbline Advisers increased its holdings in Caci International by 2.3% during the first quarter. Rhumbline Advisers now owns 81,383 shares of the information technology services provider’s stock valued at $14,813,000 after buying an additional 1,850 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Caci International by 458.0% during the first quarter. Thompson Siegel & Walmsley LLC now owns 69,156 shares of the information technology services provider’s stock valued at $12,588,000 after buying an additional 56,762 shares during the last quarter. 88.02% of the stock is currently owned by institutional investors.
NYSE CACI traded down $0.32 on Wednesday, reaching $208.97. 10,604 shares of the stock were exchanged, compared to its average volume of 218,159. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. Caci International Inc has a one year low of $138.39 and a one year high of $229.37. The firm has a market capitalization of $5.46 billion, a PE ratio of 19.99, a PEG ratio of 1.82 and a beta of 1.32. The company’s 50-day simple moving average is $214.75 and its two-hundred day simple moving average is $200.78.
In related news, insider Kenneth Asbury sold 14,050 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $209.53, for a total transaction of $2,943,896.50. Following the sale, the insider now owns 51,080 shares in the company, valued at approximately $10,702,792.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory G. Johnson sold 450 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $216.17, for a total value of $97,276.50. Following the completion of the sale, the director now owns 5,001 shares of the company’s stock, valued at $1,081,066.17. The disclosure for this sale can be found here. Insiders have sold a total of 14,661 shares of company stock worth $3,075,198 over the last 90 days. Corporate insiders own 1.51% of the company’s stock.
CACI has been the topic of several recent research reports. Wells Fargo & Co increased their price target on shares of Caci International from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Morgan Stanley upped their price objective on Caci International from $215.00 to $224.00 and gave the stock an “equal weight” rating in a research note on Monday, June 24th. Citigroup cut Caci International from a “buy” rating to a “neutral” rating and raised their target price for the stock from $200.00 to $230.00 in a report on Tuesday, July 9th. ValuEngine downgraded Caci International from a “buy” rating to a “hold” rating in a research report on Saturday, June 22nd. Finally, Credit Suisse Group upgraded Caci International from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $223.00 to $269.00 in a research report on Tuesday, August 20th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $225.56.
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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