Bank of New York Mellon Corp Sells 208,486 Shares of CACI International, Inc. (NYSE:CACI)

Bank of New York Mellon Corp reduced its stake in shares of CACI International, Inc. (NYSE:CACI - Free Report) by 48.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 220,770 shares of the information technology services provider's stock after selling 208,486 shares during the quarter. Bank of New York Mellon Corp owned about 0.98% of CACI International worth $81,005,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of CACI International during the first quarter valued at about $27,000. VSM Wealth Advisory LLC acquired a new stake in CACI International in the 4th quarter valued at about $69,000. Jones Financial Companies Lllp lifted its holdings in CACI International by 452.8% in the 4th quarter. Jones Financial Companies Lllp now owns 199 shares of the information technology services provider's stock valued at $80,000 after acquiring an additional 163 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 184 shares during the last quarter. Finally, Applied Finance Capital Management LLC acquired a new stake in CACI International in the 4th quarter valued at about $219,000. 86.43% of the stock is currently owned by institutional investors.

CACI International Stock Performance

CACI International stock traded up $5.77 during trading hours on Monday, reaching $486.95. 126,590 shares of the company were exchanged, compared to its average volume of 446,739. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 1.26 and a beta of 0.66. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average of $462.47 and a 200 day moving average of $418.06. CACI International, Inc. has a 12 month low of $318.60 and a 12 month high of $588.26.

CACI International (NYSE:CACI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The information technology services provider reported $6.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.53 by $0.70. The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.13 billion. CACI International had a return on equity of 15.23% and a net margin of 5.70%. The company's revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.74 earnings per share. As a group, research analysts anticipate that CACI International, Inc. will post 23.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CACI shares. Cowen reissued a "buy" rating on shares of CACI International in a report on Monday, April 28th. Jefferies Financial Group cut their price target on shares of CACI International from $520.00 to $455.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Raymond James Financial reaffirmed a "market perform" rating on shares of CACI International in a research note on Tuesday, July 8th. Truist Financial set a $525.00 price objective on shares of CACI International and gave the company a "buy" rating in a research note on Friday, April 25th. Finally, Stifel Nicolaus began coverage on shares of CACI International in a research note on Tuesday, June 24th. They set a "buy" rating and a $576.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CACI International presently has an average rating of "Moderate Buy" and a consensus price target of $520.31.

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.