CACI International, Inc. $CACI Shares Acquired by CX Institutional

Key Points

• CX Institutional increased its holdings in CACI International by 85.2%, now owning a total of 13,519 shares valued at $6.45 million after acquiring an additional 6,218 shares in the second quarter.
• Analyst firms such as Stifel Nicolaus and Goldman Sachs have raised their target prices for CACI International, indicating a positive outlook, with the average target price currently at $549.25.
• CEO John S. Mengucci sold 10,175 shares of CACI stock, representing a 9.11% reduction in his ownership, with the sale valued at over $5 million.

CX Institutional increased its stake in shares of CACI International, Inc. (NYSE:CACI - Free Report) by 85.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,519 shares of the information technology services provider's stock after purchasing an additional 6,218 shares during the period. CX Institutional owned 0.06% of CACI International worth $6,445,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Cornerstone Investment Partners LLC lifted its holdings in CACI International by 1.3% in the 1st quarter. Cornerstone Investment Partners LLC now owns 2,044 shares of the information technology services provider's stock valued at $750,000 after purchasing an additional 27 shares in the last quarter. TD Private Client Wealth LLC boosted its position in CACI International by 21.0% during the first quarter. TD Private Client Wealth LLC now owns 305 shares of the information technology services provider's stock worth $112,000 after acquiring an additional 53 shares during the last quarter. Covestor Ltd grew its stake in CACI International by 26.9% in the 1st quarter. Covestor Ltd now owns 307 shares of the information technology services provider's stock worth $113,000 after acquiring an additional 65 shares during the period. Wayfinding Financial LLC acquired a new position in CACI International in the 1st quarter valued at $27,000. Finally, Wedbush Securities Inc. lifted its stake in shares of CACI International by 11.0% during the 1st quarter. Wedbush Securities Inc. now owns 881 shares of the information technology services provider's stock worth $323,000 after purchasing an additional 87 shares during the period. 86.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CACI shares. The Goldman Sachs Group raised CACI International from a "sell" rating to a "buy" rating and lifted their price objective for the company from $407.00 to $544.00 in a research report on Wednesday, August 13th. UBS Group reaffirmed a "buy" rating and set a $614.00 price objective (up previously from $562.00) on shares of CACI International in a research note on Friday, August 8th. Raymond James Financial reaffirmed a "market perform" rating on shares of CACI International in a research note on Friday, August 8th. Jefferies Financial Group downgraded CACI International from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $570.00 to $535.00 in a report on Wednesday, August 6th. Finally, William Blair upgraded CACI International from a "market perform" rating to an "outperform" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $549.25.

CACI International Stock Up 0.8%

Shares of CACI traded up $4.13 during trading on Monday, reaching $502.94. The company's stock had a trading volume of 309,169 shares, compared to its average volume of 186,408. CACI International, Inc. has a twelve month low of $318.60 and a twelve month high of $588.26. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.87 and a beta of 0.65. The company has a fifty day moving average of $481.50 and a two-hundred day moving average of $450.73.

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

Insider Activity at CACI International

In other news, CEO John S. Mengucci sold 10,175 shares of CACI International 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 transaction, the chief executive officer owned 101,536 shares in the company, valued at approximately $50,038,971.52. This trade represents a 9.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

CACI International 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.