Janney Montgomery Scott LLC Reduces Position in CACI International, Inc. (NYSE:CACI)

Janney Montgomery Scott LLC lowered its position in CACI International, Inc. (NYSE:CACI - Free Report) by 56.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,565 shares of the information technology services provider's stock after selling 3,296 shares during the period. Janney Montgomery Scott LLC's holdings in CACI International were worth $941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Trust Point Inc. grew its holdings in shares of CACI International by 8.4% in the first quarter. Trust Point Inc. now owns 1,227 shares of the information technology services provider's stock worth $450,000 after purchasing an additional 95 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in CACI International by 36.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 90,078 shares of the information technology services provider's stock valued at $33,051,000 after buying an additional 24,010 shares during the period. CX Institutional purchased a new stake in CACI International in the 1st quarter valued at about $2,679,000. SG Americas Securities LLC grew its stake in CACI International by 109.7% in the 1st quarter. SG Americas Securities LLC now owns 2,005 shares of the information technology services provider's stock worth $736,000 after acquiring an additional 1,049 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of CACI International by 150.8% during the first quarter. GAMMA Investing LLC now owns 306 shares of the information technology services provider's stock worth $112,000 after acquiring an additional 184 shares during the period. Hedge funds and other institutional investors own 86.43% of the company's stock.

CACI International Stock Up 1.7%

NYSE:CACI traded up $7.93 during midday trading on Tuesday, reaching $484.63. 296,552 shares of the stock traded hands, compared to its average volume of 304,311. The stock has a market capitalization of $10.66 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.37 and a beta of 0.66. CACI International, Inc. has a 12-month low of $318.60 and a 12-month high of $588.26. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.58 and a current ratio of 1.58. The business has a 50-day moving average of $455.19 and a two-hundred day moving average of $412.93.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Cowen reiterated a "buy" rating on shares of CACI International in a report on Monday, April 28th. Barclays upped their target price on CACI International from $450.00 to $510.00 and gave the stock an "overweight" rating in a report on Tuesday, April 29th. Wells Fargo & Company raised their price target on CACI International from $438.00 to $513.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. UBS Group restated a "buy" rating on shares of CACI International in a report on Friday, April 25th. Finally, Stifel Nicolaus began coverage on shares of CACI International in a report on Tuesday, June 24th. They set a "buy" rating and a $576.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CACI International presently has a consensus rating of "Moderate Buy" and a consensus price target of $520.31.

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.