Insider Selling: CACI International Inc (NYSE:CACI) Insider Sells 10,000 Shares of Stock

CACI International Inc (NYSE:CACI) insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the sale, the insider now directly owns 35,538 shares of the company’s stock, valued at approximately $17,499,266.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CACI International Stock Up 0.3 %

CACI stock opened at $491.18 on Friday. The business has a 50 day moving average of $464.62 and a 200 day moving average of $424.69. The firm has a market cap of $10.95 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. CACI International Inc has a twelve month low of $302.21 and a twelve month high of $498.00. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.42.

CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.93 by $0.68. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.93 billion. CACI International had a net margin of 5.48% and a return on equity of 14.31%. CACI International’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.30 EPS. On average, research analysts forecast that CACI International Inc will post 23.07 EPS for the current fiscal year.

Analyst Ratings Changes

CACI has been the subject of a number of analyst reports. Bank of America increased their target price on shares of CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday. Truist Financial lifted their price objective on CACI International from $500.00 to $520.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Barclays upped their target price on CACI International from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Raymond James cut shares of CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of CACI International from $383.00 to $458.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $465.00.

Institutional Investors Weigh In On CACI International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in CACI International by 1.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock valued at $146,623,000 after purchasing an additional 5,610 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of CACI International by 21.4% during the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 82,741 shares of the information technology services provider’s stock valued at $31,345,000 after buying an additional 14,602 shares during the last quarter. Van ECK Associates Corp increased its holdings in CACI International by 70.0% in the 2nd quarter. Van ECK Associates Corp now owns 81,584 shares of the information technology services provider’s stock worth $35,092,000 after buying an additional 33,589 shares in the last quarter. Ophir Asset Management Pty Ltd raised its position in CACI International by 12.9% in the 4th quarter. Ophir Asset Management Pty Ltd now owns 66,359 shares of the information technology services provider’s stock worth $21,491,000 after buying an additional 7,596 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in CACI International by 26.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock valued at $21,043,000 after acquiring an additional 10,295 shares during the period. Institutional investors own 86.43% of the company’s stock.

About CACI International

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.