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

Bank of New York Mellon Corp cut its position in CACI International, Inc. (NYSE:CACI - Free Report) by 48.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

A number of other institutional investors have also recently made changes to their positions in CACI. Wayfinding Financial LLC bought a new stake in shares of CACI International during the 1st quarter valued at $27,000. Farther Finance Advisors LLC grew its holdings in CACI International by 8.6% during 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 in the last quarter. Trust Point Inc. increased its position in shares of CACI International by 8.4% during the first quarter. Trust Point Inc. now owns 1,227 shares of the information technology services provider's stock valued at $450,000 after buying an additional 95 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of CACI International by 452.8% in the fourth quarter. Jones Financial Companies Lllp now owns 199 shares of the information technology services provider's stock worth $80,000 after buying an additional 163 shares in the last quarter. Finally, VSM Wealth Advisory LLC bought a new position in shares of CACI International in the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 86.43% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on CACI shares. Jefferies Financial Group lowered their target price on shares of CACI International from $520.00 to $455.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Truist Financial set a $525.00 price objective on CACI International and gave the stock a "buy" rating in a research report on Friday, April 25th. Barclays lifted their price objective on CACI International from $450.00 to $510.00 and gave the company an "overweight" rating in a research note on Tuesday, April 29th. William Blair upgraded CACI International from a "market perform" rating to an "outperform" rating in a research report on Monday, July 7th. Finally, UBS Group restated a "buy" rating on shares of CACI International in a research report on Friday, April 25th. 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $520.31.

CACI International Trading Up 0.2%

Shares of CACI traded up $0.85 during mid-day trading on Friday, reaching $480.82. The company's stock had a trading volume of 287,442 shares, compared to its average volume of 309,836. CACI International, Inc. has a 52 week low of $318.60 and a 52 week high of $588.26. The stock has a market cap of $10.57 billion, a PE ratio of 22.69, a P/E/G ratio of 1.26 and a beta of 0.66. The company's fifty day moving average price is $462.47 and its two-hundred day moving average price is $417.99. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.82.

CACI International (NYSE:CACI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $6.23 earnings per share for the quarter, topping the consensus estimate of $5.53 by $0.70. CACI International had a net margin of 5.70% and a return on equity of 15.23%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm posted $5.74 earnings per share. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts predict that CACI International, Inc. will post 23.94 earnings per share for the current fiscal year.

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.