CACI International, Inc. $CACI Shares Purchased by Studio Investment Management LLC

Studio Investment Management LLC boosted its position in CACI International, Inc. (NYSE:CACI - Free Report) by 23.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,556 shares of the information technology services provider's stock after purchasing an additional 664 shares during the quarter. Studio Investment Management LLC's holdings in CACI International were worth $1,695,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. increased its stake in shares of CACI International by 15.6% in the 2nd quarter. Bridges Investment Management Inc. now owns 3,287 shares of the information technology services provider's stock worth $1,567,000 after acquiring an additional 443 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of CACI International in the 2nd quarter worth $55,000. Hudson Edge Investment Partners Inc. increased its stake in shares of CACI International by 11.6% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 2,304 shares of the information technology services provider's stock worth $1,098,000 after acquiring an additional 240 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of CACI International by 13.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 2,920 shares of the information technology services provider's stock worth $1,392,000 after acquiring an additional 355 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in shares of CACI International in the 2nd quarter worth $25,000. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Price Performance

Shares of NYSE CACI opened at $533.68 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73. CACI International, Inc. has a twelve month low of $318.60 and a twelve month high of $588.26. The stock has a 50 day moving average of $496.74 and a two-hundred day moving average of $470.65. The stock has a market cap of $11.74 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.98 and a beta of 0.63.

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

Insiders Place Their Bets

In other CACI International news, CEO John S. Mengucci sold 10,175 shares of the business'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 value of $5,014,443.50. Following the completion of the sale, the chief executive officer owned 101,536 shares in the company, valued at approximately $50,038,971.52. The trade was a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

CACI has been the subject of a number of research analyst reports. Jefferies Financial Group cut CACI International from a "buy" rating to a "hold" rating and lowered their price target for the stock from $570.00 to $535.00 in a report on Wednesday, August 6th. Stifel Nicolaus lifted their price objective on CACI International from $576.00 to $600.00 and gave the company a "buy" rating in a research note on Friday, August 8th. William Blair upgraded CACI International from a "market perform" rating to an "outperform" rating in a research note on Monday, July 7th. UBS Group reiterated a "buy" rating and issued a $614.00 price objective (up previously from $562.00) on shares of CACI International in a research note on Friday, August 8th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of CACI International in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $548.73.

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.

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