Deroy & Devereaux Private Investment Counsel Inc. Decreases Stock Holdings in CACI International, Inc. $CACI

Key Points

• Deroy & Devereaux Private Investment Counsel Inc. reduced its stake in CACI International by 0.9%, selling 735 shares, and currently holds approximately $36.8 million in the company.
• CACI International reported a quarterly earnings per share (EPS) of $8.40, which exceeded analysts' expectations by $1.86, alongside a revenue of $2.30 billion.
• The stock has experienced mixed ratings from analysts, with Jefferies downgrading it to "hold" while other firms set price targets as high as $614.00, contributing to an average target of $548.73.

Deroy & Devereaux Private Investment Counsel Inc. decreased its holdings in shares of CACI International, Inc. (NYSE:CACI - Free Report) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,229 shares of the information technology services provider's stock after selling 735 shares during the quarter. CACI International comprises about 2.0% of Deroy & Devereaux Private Investment Counsel Inc.'s investment portfolio, making the stock its 11th largest position. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.35% of CACI International worth $36,815,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Cornerstone Investment Partners LLC raised its stake in CACI International by 1.3% during the first 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 raised its stake 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 valued at $112,000 after purchasing an additional 53 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in CACI International during the second quarter valued at $25,000. Covestor Ltd raised its stake in CACI International by 26.9% during the first quarter. Covestor Ltd now owns 307 shares of the information technology services provider's stock valued at $113,000 after purchasing an additional 65 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in CACI International during the first quarter valued at $27,000. Hedge funds and other institutional investors own 86.43% of the company's stock.

CACI International Trading Up 1.3%

Shares of CACI opened at $514.49 on Wednesday. The company's fifty day simple moving average is $492.99 and its 200-day simple moving average is $465.76. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73. The company has a market cap of $11.31 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.91 and a beta of 0.63. 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 results on Wednesday, August 6th. The information technology services provider reported $8.40 EPS for the quarter, topping analysts' consensus estimates 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 business's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $6.61 earnings per share. As a group, analysts expect that CACI International, Inc. will post 23.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CACI. Jefferies Financial Group downgraded shares of CACI International from a "buy" rating to a "hold" rating and decreased their price target for the company from $570.00 to $535.00 in a research note on Wednesday, August 6th. Truist Financial set a $575.00 target price on shares of CACI International in a research note on Friday, August 8th. UBS Group reissued a "buy" rating and issued a $614.00 target price (up previously from $562.00) on shares of CACI International in a research note on Friday, August 8th. William Blair raised shares of CACI International from a "market perform" rating to an "outperform" rating in a research note on Monday, July 7th. Finally, Raymond James Financial reissued 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 issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $548.73.

Insider Activity at CACI International

In other news, CEO John S. Mengucci sold 10,175 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $492.82, for a total value of $5,014,443.50. Following the transaction, the chief executive officer directly owned 101,536 shares in the company, valued at approximately $50,038,971.52. This represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

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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