Martingale Asset Management L P Decreases Position in CACI International Inc (NYSE:CACI)

Martingale Asset Management L P lowered its stake in shares of CACI International Inc (NYSE:CACI - Free Report) by 14.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,940 shares of the information technology services provider's stock after selling 6,543 shares during the quarter. Martingale Asset Management L P owned about 0.17% of CACI International worth $19,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in CACI International in the first quarter valued at approximately $653,000. Comerica Bank grew its stake in CACI International by 13.4% during the 1st quarter. Comerica Bank now owns 11,609 shares of the information technology services provider's stock worth $4,398,000 after buying an additional 1,372 shares during the last quarter. M&R Capital Management Inc. increased its position in CACI International by 487.2% during 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 buying an additional 14,047 shares in the last quarter. Versant Capital Management Inc raised its stake in CACI International by 900.0% in 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. Finally, GPS Wealth Strategies Group LLC boosted its holdings in CACI International by 35.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider's stock worth $174,000 after acquiring an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 86.43% of the company's stock.

CACI International Stock Performance

CACI stock traded down $0.41 during trading on Friday, hitting $459.88. 87,419 shares of the company traded hands, compared to its average volume of 128,137. 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 Inc has a 1 year low of $314.06 and a 1 year high of $588.26. The stock's 50-day simple moving average is $515.63 and its 200 day simple moving average is $470.83. The company has a market cap of $10.31 billion, a PE ratio of 22.81, a P/E/G ratio of 1.43 and a beta of 0.91.

CACI International (NYSE:CACI - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.08 by $0.85. The firm had revenue of $2.06 billion during 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 business's revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.36 EPS. On average, equities analysts expect that CACI International Inc will post 23.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CACI. Barclays increased their price objective on shares of CACI International from $610.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. Raymond James downgraded shares of CACI International from an "outperform" rating to a "market perform" rating in a research note on Monday, August 5th. Wells Fargo & Company dropped their price objective on shares of CACI International from $637.00 to $564.00 and set an "overweight" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. raised their target price on CACI International from $520.00 to $555.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Finally, TD Cowen boosted their price target on CACI International from $545.00 to $570.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $535.90.

Insider Activity

In other news, insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the transaction, the insider now owns 35,538 shares in the company, valued at $17,499,266.58. This trade represents a 21.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.35% of the company's stock.

CACI International Profile

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.