Crossmark Global Holdings Inc. Lowers Stock Position in CACI International Inc (NYSE:CACI)

Crossmark Global Holdings Inc. decreased its position in shares of CACI International Inc (NYSE:CACI) by 32.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,462 shares of the information technology services provider’s stock after selling 709 shares during the period. Crossmark Global Holdings Inc.’s holdings in CACI International were worth $737,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of CACI International by 42.5% in the third quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock worth $60,917,000 after acquiring an additional 34,647 shares during the period. M&R Capital Management Inc. boosted its stake in CACI International by 487.2% in the 2nd quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider’s stock worth $7,282,000 after purchasing an additional 14,047 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings 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 valued at $21,043,000 after buying an additional 10,295 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in CACI International by 1.7% during 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 in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of CACI International during the second quarter valued at approximately $1,997,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.

CACI International Trading Down 4.2 %

Shares of CACI opened at $470.61 on Friday. The company’s fifty day simple moving average is $518.79 and its 200-day simple moving average is $468.14. The company has a market cap of $10.55 billion, a P/E ratio of 23.32, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. CACI International Inc has a twelve month low of $314.06 and a twelve month high of $588.26.

CACI International (NYSE:CACI) last posted its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.36 EPS. As a group, analysts expect that CACI International Inc will post 23.42 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on CACI shares. TD Cowen increased their price objective on shares of CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group raised their price target on CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Truist Financial reaffirmed a “buy” rating and set a $650.00 price objective (up from $520.00) on shares of CACI International in a report on Friday, October 25th. Wells Fargo & Company raised their target price on shares of CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Bank of America upped their price target on shares of CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $547.20.

Insider Buying and Selling

In related news, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $463.18, for a total value of $4,631,800.00. Following the transaction, the chief executive officer now owns 91,368 shares of the company’s stock, valued at $42,319,830.24. This trade represents a 9.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gregory G. Johnson sold 300 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total transaction of $141,300.00. Following the completion of the sale, the director now directly owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. This trade represents a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,270 shares of company stock valued at $10,165,972. Insiders own 1.35% of the company’s stock.

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.