CACI International Inc (NYSE:CACI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of CACI International Inc (NYSE:CACI - Free Report) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,977 shares of the information technology services provider's stock after selling 700 shares during the quarter. New York State Teachers Retirement System owned approximately 0.13% of CACI International worth $12,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of CACI International by 21.4% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 82,741 shares of the information technology services provider's stock worth $31,345,000 after buying an additional 14,602 shares during the period. Ophir Asset Management Pty Ltd raised its stake in CACI International by 12.9% during 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 acquiring an additional 7,596 shares during the period. Lord Abbett & CO. LLC purchased a new position in CACI International during the first quarter valued at approximately $18,271,000. Van ECK Associates Corp boosted its position in shares of CACI International by 293.2% in the first quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider's stock worth $18,182,000 after purchasing an additional 35,788 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of CACI International by 147.5% in the first quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider's stock worth $13,243,000 after purchasing an additional 20,835 shares in the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO John S. Mengucci sold 10,000 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $463.18, for a total value of $4,631,800.00. Following the completion of the sale, the chief executive officer now directly owns 91,368 shares in the company, valued at $42,319,830.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction dated 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 directly 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 accessible through the SEC website. 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 transaction of $85,638.00. Following the completion of the sale, the director now directly owns 6,078 shares of the company's stock, valued at approximately $2,602,538.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,200 shares of company stock valued at $5,574,578. 1.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen upped their target price on shares of CACI International from $435.00 to $480.00 and gave the stock a "buy" rating in a report on Friday, July 12th. Barclays increased their target price on CACI International from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Monday, August 12th. Truist Financial boosted their price target on CACI International from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, June 27th. Raymond James lowered shares of CACI International from an "outperform" rating to a "market perform" rating in a report on Monday, August 5th. Finally, Wells Fargo & Company boosted their target price on shares of CACI International from $410.00 to $468.00 and gave the stock an "overweight" rating in a report on Tuesday, April 30th. Three equities research 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 has an average rating of "Moderate Buy" and an average price target of $452.78.

CACI International Price Performance

CACI International stock traded up $6.43 during mid-day trading on Friday, reaching $475.00. 84,397 shares of the company's stock traded hands, compared to its average volume of 115,253. CACI International Inc has a 12-month low of $302.21 and a 12-month high of $475.48. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average of $446.37 and a two-hundred day moving average of $409.57. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 1.95 and a beta of 0.92.

CACI International (NYSE:CACI - Get Free Report) last announced its earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.93 by $0.68. The firm 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% compared to the same quarter last year. During the same period in the prior year, the company earned $5.30 EPS. Equities analysts forecast that CACI International Inc will post 20.34 earnings per share for the current year.

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.