SG Americas Securities LLC Reduces Stock Holdings in CACI International Inc (NYSE:CACI)

SG Americas Securities LLC trimmed its holdings in shares of CACI International Inc (NYSE:CACI) by 83.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 595 shares of the information technology services provider’s stock after selling 2,910 shares during the quarter. SG Americas Securities LLC’s holdings in CACI International were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of 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 valued at $146,623,000 after buying an additional 5,610 shares during the period. Van ECK Associates Corp grew its position in CACI International by 70.0% in the second 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 grew its position in CACI International by 26.7% in the second 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 position in CACI International during the first quarter worth $18,271,000. Finally, BNP Paribas Financial Markets raised its stake in shares of CACI International by 147.5% in the first quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider’s stock valued at $13,243,000 after acquiring an additional 20,835 shares in the last quarter. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CACI. Wells Fargo & Company increased their price objective on CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Raymond James lowered CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Truist Financial raised their price objective on shares of CACI International from $500.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. TD Cowen lifted their price target on shares of CACI International from $435.00 to $480.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Barclays lifted their price objective on CACI International from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CACI International currently has an average rating of “Moderate Buy” and a consensus price target of $485.60.

CACI International Trading Up 0.3 %

Shares of NYSE CACI opened at $531.29 on Friday. The firm has a market capitalization of $11.85 billion, a PE ratio of 30.69, a PEG ratio of 2.22 and a beta of 0.93. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42. CACI International Inc has a one year low of $302.21 and a one year high of $535.89. The business has a 50-day moving average price of $489.54 and a two-hundred day moving average price of $445.06.

CACI International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.68. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.93 billion. CACI International had a return on equity of 14.31% and a net margin of 5.48%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business earned $5.30 EPS. As a group, analysts predict that CACI International Inc will post 23 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John S. Mengucci sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 91,368 shares in the company, valued at approximately $42,319,830.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 91,368 shares in the company, valued at $42,319,830.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory G. Johnson sold 300 shares of the company’s stock in a transaction dated 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 directly owns 5,910 shares of the company’s stock, valued at $2,783,610. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,270 shares of company stock valued at $10,165,972 over the last 90 days. 1.23% of the stock is owned by company insiders.

CACI International Company 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.