CACI International (NYSE:CACI) CEO Sells $5,014,443.50 in Stock

Key Points

• CEO John Mengucci sold 10,175 shares of CACI International stock for a total of $5,014,443.50, reducing his ownership by 9.11% to 101,536 shares.
• The company reported $8.40 earnings per share for the latest quarter, exceeding analysts' expectations of $6.54 and showing a 13.0% year-over-year revenue increase.
• Several analysts have recently raised their price targets for CACI International, with UBS Group setting a new target of $614.00 and Goldman Sachs upgrading its rating to buy with a target of $544.00.

CACI International, Inc. (NYSE:CACI - Get Free Report) CEO John S. Mengucci sold 10,175 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $492.82, for a total transaction of $5,014,443.50. Following the sale, the chief executive officer directly owned 101,536 shares of the company's stock, valued at approximately $50,038,971.52. The trade was a 9.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

CACI International Price Performance

Shares of NYSE CACI traded up $1.92 during mid-day trading on Friday, hitting $498.42. 286,227 shares of the stock were exchanged, compared to its average volume of 190,196. The company has a market cap of $10.96 billion, a P/E ratio of 22.30, a PEG ratio of 1.86 and a beta of 0.65. The stock's fifty day simple moving average is $481.50 and its two-hundred day simple moving average is $449.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 1.47. CACI International, Inc. has a twelve month low of $318.60 and a twelve month high of $588.26.

CACI International (NYSE:CACI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The information technology services provider reported $8.40 earnings per share for the quarter, topping the consensus estimate of $6.54 by $1.86. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.29 billion. CACI International had a net margin of 5.79% and a return on equity of 15.84%. The company's revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $6.61 earnings per share. As a group, analysts forecast that CACI International, Inc. will post 23.94 EPS for the current fiscal year.

Hedge Funds Weigh In On CACI International

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Entropy Technologies LP acquired a new stake in shares of CACI International during the first quarter worth $294,000. GAMMA Investing LLC increased its stake in CACI International by 150.8% in the 1st quarter. GAMMA Investing LLC now owns 306 shares of the information technology services provider's stock valued at $112,000 after buying an additional 184 shares during the last quarter. Bridges Investment Management Inc. increased its stake in CACI International by 111.9% in the 1st quarter. Bridges Investment Management Inc. now owns 2,844 shares of the information technology services provider's stock valued at $1,044,000 after buying an additional 1,502 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in CACI International by 15.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 200,214 shares of the information technology services provider's stock valued at $73,463,000 after buying an additional 26,804 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in CACI International by 8.6% in the 1st quarter. Farther Finance Advisors LLC now owns 1,131 shares of the information technology services provider's stock valued at $418,000 after buying an additional 90 shares during the last quarter. 86.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CACI has been the subject of a number of research reports. William Blair raised shares of CACI International from a "market perform" rating to an "outperform" rating in a report on Monday, July 7th. Jefferies Financial Group lowered shares of CACI International from a "buy" rating to a "hold" rating and lowered their price target for the company from $570.00 to $535.00 in a report on Wednesday, August 6th. The Goldman Sachs Group raised shares of CACI International from a "sell" rating to a "buy" rating and raised their price objective for the company from $407.00 to $544.00 in a research note on Wednesday, August 13th. Stifel Nicolaus raised their price objective on shares of CACI International from $576.00 to $600.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, UBS Group reaffirmed a "buy" rating and issued a $614.00 price objective (up from $562.00) on shares of CACI International in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, CACI International currently has a consensus rating of "Moderate Buy" and a consensus target price of $549.25.

About CACI International

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.