CACI International Inc (NYSE:CACI) Stake Trimmed by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in CACI International Inc (NYSE:CACI) by 6.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,611 shares of the information technology services provider’s stock after selling 395 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CACI International were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC increased its stake in CACI International by 1.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock worth $146,623,000 after purchasing an additional 5,610 shares in the last quarter. Van ECK Associates Corp boosted its position in CACI International by 70.0% during the 2nd quarter. Van ECK Associates Corp now owns 81,584 shares of the information technology services provider’s stock worth $35,092,000 after acquiring an additional 33,589 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in CACI International by 26.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock worth $21,043,000 after acquiring an additional 10,295 shares during the period. Lord Abbett & CO. LLC acquired a new stake in CACI International during the 1st quarter worth about $18,271,000. Finally, New York State Common Retirement Fund boosted its position in CACI International by 13.1% during the 3rd quarter. New York State Common Retirement Fund now owns 31,853 shares of the information technology services provider’s stock worth $16,072,000 after acquiring an additional 3,700 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.

CACI International Stock Performance

Shares of NYSE CACI opened at $572.44 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $515.39 and its two-hundred day moving average is $465.85. The company has a market cap of $12.83 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.23 and a beta of 0.91. CACI International Inc has a 12 month low of $314.06 and a 12 month high of $588.26.

CACI International (NYSE:CACI) last issued its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, topping the consensus estimate of $5.08 by $0.85. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.36 EPS. On average, equities analysts expect that CACI International Inc will post 23.36 EPS for the current year.

Insiders Place Their Bets

In other news, CEO John S. Mengucci sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the sale, the chief executive officer now directly owns 91,368 shares in the company, valued at approximately $42,319,830.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other CACI International news, Director Gregory G. Johnson sold 300 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total value of $141,300.00. Following the transaction, the director now owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John S. Mengucci sold 10,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $463.18, for a total value of $4,631,800.00. Following the completion of the transaction, the chief executive officer now directly owns 91,368 shares in the company, valued at approximately $42,319,830.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,270 shares of company stock valued at $10,165,972 in the last three months. Company insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CACI. Wells Fargo & Company raised their price objective on CACI International from $525.00 to $577.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. The Goldman Sachs Group raised their price objective on CACI International from $471.00 to $520.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Truist Financial restated a “buy” rating and set a $650.00 price objective (up from $520.00) on shares of CACI International in a research report on Friday, October 25th. Robert W. Baird lifted their price target on CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Raymond James lowered CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, CACI International has a consensus rating of “Moderate Buy” and an average price target of $545.70.

CACI International Profile

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.