Strs Ohio Buys New Stake in CACI International, Inc. $CACI

Key Points

• Strs Ohio has invested approximately $1.20 million in CACI International, acquiring 3,280 shares during the first quarter of the year.
• Several institutional investors, including GAMMA Investing LLC and MetLife Investment Management LLC, significantly increased their stakes in CACI, showcasing substantial confidence in the company.
• CACI International reported an earnings per share of $8.40 for the last quarter, surpassing analyst estimates and indicating a 13% year-over-year revenue growth.

Strs Ohio acquired a new position in shares of CACI International, Inc. (NYSE:CACI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,280 shares of the information technology services provider's stock, valued at approximately $1,203,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. United Services Automobile Association purchased a new position in CACI International during the 1st quarter worth approximately $553,000. Jones Financial Companies Lllp boosted its stake in shares of CACI International by 344.7% during the 1st quarter. Jones Financial Companies Lllp now owns 885 shares of the information technology services provider's stock valued at $325,000 after buying an additional 686 shares during the period. Baird Financial Group Inc. boosted its stake in shares of CACI International by 3.4% during the 1st quarter. Baird Financial Group Inc. now owns 4,259 shares of the information technology services provider's stock valued at $1,563,000 after buying an additional 141 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of CACI International by 3.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 49,355 shares of the information technology services provider's stock valued at $18,109,000 after buying an additional 1,829 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of CACI International by 77.1% during the 1st quarter. MetLife Investment Management LLC now owns 22,363 shares of the information technology services provider's stock valued at $8,205,000 after buying an additional 9,737 shares during the period. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO John S. Mengucci sold 10,175 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $492.82, for a total transaction of $5,014,443.50. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

CACI International Stock Performance

CACI traded up $1.92 during trading on Friday, hitting $498.42. The stock had a trading volume of 286,227 shares, compared to its average volume of 186,408. The company has a 50 day simple moving average of $481.50 and a 200-day simple moving average of $450.73. CACI International, Inc. has a 12 month low of $318.60 and a 12 month high of $588.26. 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 firm has a market cap of $10.96 billion, a PE ratio of 22.30, a P/E/G ratio of 1.87 and a beta of 0.65.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on CACI. The Goldman Sachs Group raised shares of CACI International from a "sell" rating to a "buy" rating and lifted their target price for the company from $407.00 to $544.00 in a research note on Wednesday, August 13th. UBS Group reaffirmed 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. Jefferies Financial Group lowered shares of CACI International from a "buy" rating to a "hold" rating and reduced their price objective for the company from $570.00 to $535.00 in a research note on Wednesday, August 6th. Raymond James Financial reaffirmed a "market perform" rating on shares of CACI International in a research note on Friday, August 8th. Finally, Stifel Nicolaus lifted their price objective on shares of CACI International from $576.00 to $600.00 and gave the company a "buy" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, CACI International presently has an average rating of "Moderate Buy" and an average target price of $549.25.

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.