Van ECK Associates Corp Purchases 4,357 Shares of CACI International Inc (NYSE:CACI)

Van ECK Associates Corp increased its holdings in CACI International Inc (NYSE:CACI) by 55.5% during the 4th quarter, Holdings Channel reports. The firm owned 12,207 shares of the information technology services provider’s stock after buying an additional 4,357 shares during the period. Van ECK Associates Corp’s holdings in CACI International were worth $3,953,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CACI. Bank of New York Mellon Corp increased its position in CACI International by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 680,633 shares of the information technology services provider’s stock valued at $213,671,000 after purchasing an additional 23,521 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in CACI International in the third quarter worth about $2,099,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in CACI International in the third quarter worth about $12,950,000. Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in CACI International during the 3rd quarter valued at approximately $628,000. Finally, California Public Employees Retirement System grew its holdings in shares of CACI International by 0.5% during the 3rd quarter. California Public Employees Retirement System now owns 129,405 shares of the information technology services provider’s stock worth $40,624,000 after acquiring an additional 630 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.

Analyst Upgrades and Downgrades

CACI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on CACI International from $375.00 to $383.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Robert W. Baird boosted their target price on shares of CACI International from $370.00 to $464.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Truist Financial upped their target price on shares of CACI International from $385.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Barclays upped their price objective on shares of CACI International from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, Wells Fargo & Company raised their target price on shares of CACI International from $410.00 to $468.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $410.64.

CACI International Stock Up 1.0 %

CACI stock opened at $414.95 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.28 and a quick ratio of 1.28. CACI International Inc has a 1-year low of $293.69 and a 1-year high of $416.94. The stock has a market capitalization of $9.25 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.97 and a beta of 0.85. The business has a fifty day moving average price of $377.37 and a 200-day moving average price of $348.09.

CACI International (NYSE:CACI) last released its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $5.74 EPS for the quarter, topping the consensus estimate of $5.55 by $0.19. CACI International had a return on equity of 13.80% and a net margin of 5.37%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the company earned $4.92 EPS. CACI International’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities analysts forecast that CACI International Inc will post 20.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Gregory G. Johnson sold 150 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $361.69, for a total transaction of $54,253.50. Following the transaction, the director now directly owns 6,446 shares of the company’s stock, valued at approximately $2,331,453.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction of $188,740.00. Following the completion of the sale, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory G. Johnson sold 150 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $361.69, for a total value of $54,253.50. Following the sale, the director now owns 6,446 shares of the company’s stock, valued at approximately $2,331,453.74. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by corporate insiders.

About CACI International

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.