BNP Paribas Financial Markets raised its position in CACI International Inc (NYSE:CACI - Free Report) by 37.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,953 shares of the information technology services provider's stock after buying an additional 15,961 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.26% of CACI International worth $29,745,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of CACI International by 1.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider's stock worth $146,623,000 after buying an additional 5,610 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of CACI International by 42.5% in the 3rd quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider's stock valued at $60,917,000 after purchasing an additional 34,647 shares during the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of CACI International by 3.7% in the third quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider's stock valued at $34,179,000 after purchasing an additional 2,396 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of CACI International by 26.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider's stock worth $21,043,000 after purchasing an additional 10,295 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of CACI International by 13.1% during the third quarter. New York State Common Retirement Fund now owns 31,853 shares of the information technology services provider's stock worth $16,072,000 after purchasing an additional 3,700 shares during the period. Hedge funds and other institutional investors own 86.43% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on CACI. JPMorgan Chase & Co. lifted their target price on shares of CACI International from $520.00 to $555.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. TD Cowen lifted their price objective on CACI International from $545.00 to $570.00 and gave the company a "buy" rating in a report on Friday, October 25th. Wells Fargo & Company dropped their target price on CACI International from $637.00 to $564.00 and set an "overweight" rating on the stock in a research report on Tuesday. Barclays raised their price target on CACI International from $610.00 to $625.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Finally, Bank of America upped their price objective on CACI International from $535.00 to $555.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $535.90.
Read Our Latest Analysis on CACI International
Insider Transactions at CACI International
In related news, insider Gregory R. Bradford sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $492.41, for a total value 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. This trade represents a 21.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.35% of the company's stock.
CACI International Price Performance
CACI International stock traded down $0.41 during trading hours on Friday, hitting $459.88. The stock had a trading volume of 87,420 shares, compared to its average volume of 128,137. CACI International Inc has a 1-year low of $314.06 and a 1-year high of $588.26. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.43 and a beta of 0.91. The stock's fifty day moving average is $515.01 and its two-hundred day moving average is $471.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75.
CACI International (NYSE:CACI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, beating analysts' consensus estimates of $5.08 by $0.85. The firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The firm's revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.36 EPS. As a group, analysts predict that CACI International Inc will post 23.45 earnings per share for the current fiscal year.
CACI International Profile
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Free Report)
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.
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