Wedge Capital Management L L P NC Increases Position in CACI International Inc (NYSE:CACI)

Wedge Capital Management L L P NC grew its holdings in CACI International Inc (NYSE:CACI) by 6.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,866 shares of the information technology services provider’s stock after purchasing an additional 410 shares during the quarter. Wedge Capital Management L L P NC’s holdings in CACI International were worth $2,953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. GPS Wealth Strategies Group LLC boosted its position in shares of CACI International by 35.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock valued at $174,000 after acquiring an additional 105 shares during the last quarter. Versant Capital Management Inc raised its stake in CACI International by 900.0% during the second quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 90 shares during the period. M&R Capital Management Inc. boosted its holdings in CACI International by 487.2% in the 2nd quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider’s stock valued at $7,282,000 after purchasing an additional 14,047 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of CACI International in the 1st quarter valued at approximately $293,000. Finally, Comerica Bank grew its stake in shares of CACI International by 13.4% in the 1st quarter. Comerica Bank now owns 11,609 shares of the information technology services provider’s stock valued at $4,398,000 after buying an additional 1,372 shares during the period. 86.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Gregory G. Johnson sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $428.19, for a total value of $85,638.00. Following the sale, the director now owns 6,078 shares of the company’s stock, valued at $2,602,538.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director William L. Jews sold 2,000 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $428.57, for a total value of $857,140.00. Following the transaction, the director now owns 6,825 shares in the company, valued at approximately $2,924,990.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory G. Johnson sold 200 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $428.19, for a total value of $85,638.00. Following the sale, the director now directly owns 6,078 shares in the company, valued at approximately $2,602,538.82. The disclosure for this sale can be found here. 1.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on CACI International from $383.00 to $458.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. StockNews.com raised CACI International from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Barclays raised their price objective on CACI International from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday. Stifel Nicolaus upped their target price on shares of CACI International from $390.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, TD Cowen lifted their price target on shares of CACI International from $435.00 to $480.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, CACI International has a consensus rating of “Moderate Buy” and an average price target of $446.00.

CACI International Stock Up 0.5 %

Shares of CACI stock traded up $2.12 during trading on Thursday, reaching $463.98. The company’s stock had a trading volume of 64,467 shares, compared to its average volume of 117,143. CACI International Inc has a 1-year low of $302.21 and a 1-year high of $470.01. The stock’s 50-day moving average price is $440.83 and its 200 day moving average price is $404.42. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 1.95 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.28 and a quick ratio of 1.28.

CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 EPS for the quarter, topping the consensus estimate of $5.93 by $0.68. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.93 billion. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.30 earnings per share. On average, research analysts anticipate that CACI International Inc will post 20.34 EPS for the current year.

CACI International Profile

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.