Bank of New York Mellon Corp Lowers Position in CACI International Inc (NYSE:CACI)

Bank of New York Mellon Corp cut its holdings in CACI International Inc (NYSE:CACI) by 22.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 517,727 shares of the information technology services provider’s stock after selling 153,714 shares during the quarter. Bank of New York Mellon Corp’s holdings in CACI International were worth $222,690,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of CACI International by 8.9% during the first quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock valued at $237,000 after buying an additional 51 shares during the last quarter. Eagle Bay Advisors LLC lifted its position in shares of CACI International by 91.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock valued at $43,000 after buying an additional 63 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of 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 valued at $43,000 after buying an additional 90 shares during the last quarter. Essex Financial Services Inc. lifted its position in shares of CACI International by 10.4% during the fourth quarter. Essex Financial Services Inc. now owns 1,059 shares of the information technology services provider’s stock valued at $343,000 after buying an additional 100 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of CACI International by 35.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock valued at $174,000 after buying an additional 105 shares during the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

CACI International Stock Performance

NYSE:CACI traded down $3.98 during midday trading on Monday, hitting $471.02. The company’s stock had a trading volume of 50,482 shares, compared to its average volume of 114,858. CACI International Inc has a fifty-two week low of $302.21 and a fifty-two week high of $482.16. The firm’s 50 day moving average is $446.37 and its 200-day moving average is $410.41. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $10.50 billion, a P/E ratio of 27.33, a P/E/G ratio of 1.95 and a beta of 0.92.

CACI International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, August 7th. The information technology services provider reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.93 by $0.68. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.93 billion. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the company earned $5.30 EPS. Equities analysts anticipate that CACI International Inc will post 20.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CACI has been the subject of several analyst reports. Truist Financial increased their price target on shares of CACI International from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. TD Cowen increased their price objective 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. Barclays increased their price objective on shares of CACI International from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Raymond James lowered shares of CACI International from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company increased their price objective on shares of CACI International from $410.00 to $468.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $452.78.

Insider Transactions at CACI International

In other 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 transaction of $85,638.00. Following the sale, the director now owns 6,078 shares of the company’s stock, valued at approximately $2,602,538.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO John S. Mengucci sold 10,000 shares of CACI International stock in a transaction on Monday, August 19th. The shares were sold at an average price of $463.18, for a total value of $4,631,800.00. Following the sale, the chief executive officer now owns 91,368 shares of the company’s stock, valued at approximately $42,319,830.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory G. Johnson sold 200 shares of CACI International stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $428.19, for a total transaction of $85,638.00. Following the completion of 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. Insiders have sold 12,200 shares of company stock valued at $5,574,578 in the last 90 days. 1.23% of the stock is currently owned by company insiders.

CACI International Company 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.