Van ECK Associates Corp Buys 34,647 Shares of CACI International Inc (NYSE:CACI)

Van ECK Associates Corp lifted its stake in CACI International Inc (NYSE:CACI - Free Report) by 42.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,231 shares of the information technology services provider's stock after acquiring an additional 34,647 shares during the period. Van ECK Associates Corp owned approximately 0.52% of CACI International worth $60,917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lord Abbett & CO. LLC bought a new position in CACI International during the first quarter worth about $18,271,000. BNP Paribas Financial Markets increased its position in CACI International by 147.5% in the 1st quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider's stock valued at $13,243,000 after acquiring an additional 20,835 shares in the last quarter. M&R Capital Management Inc. raised its position in CACI International by 487.2% in the 2nd quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider's stock worth $7,282,000 after purchasing an additional 14,047 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of CACI International by 26.7% in 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 buying an additional 10,295 shares during the period. Finally, Mawer Investment Management Ltd. increased its position in CACI International by 58.1% in the first quarter. Mawer Investment Management Ltd. now owns 17,032 shares of the information technology services provider's stock worth $6,452,000 after purchasing an additional 6,258 shares during the period. Institutional investors own 86.43% of the company's stock.

CACI International Stock Down 0.0 %

CACI stock traded down $0.01 during midday trading on Monday, hitting $553.27. The company's stock had a trading volume of 80,971 shares, compared to its average volume of 112,829. The company's fifty day moving average price is $505.43 and its 200 day moving average price is $458.04. 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 twelve month low of $314.06 and a twelve month high of $570.28. The stock has a market capitalization of $12.40 billion, a P/E ratio of 27.40, a PEG ratio of 2.17 and a beta of 0.91.

CACI International (NYSE:CACI - Get Free Report) last released its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, beating the consensus estimate of $5.08 by $0.85. The business 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 firm's revenue was up 11.2% on a year-over-year basis. During the same period last year, the business earned $4.36 earnings per share. As a group, equities research analysts predict that CACI International Inc will post 23.3 EPS for the current year.

Insiders Place Their Bets

In other news, CEO John S. Mengucci sold 10,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $42,319,830.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO John S. Mengucci sold 10,000 shares of CACI International stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the completion of the sale, the chief executive officer now owns 91,368 shares of the company's stock, valued at approximately $42,319,830.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP J William Koegel, Jr. sold 970 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $483.27, for a total transaction of $468,771.90. Following the completion of the transaction, the executive vice president now directly owns 22,651 shares in the company, valued at approximately $10,946,548.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,270 shares of company stock valued at $10,165,972 over the last 90 days. 1.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CACI. TD Cowen raised their price objective on shares of CACI International from $545.00 to $570.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their target price on CACI International from $525.00 to $577.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Raymond James lowered CACI International from an "outperform" rating to a "market perform" rating in a research report on Monday, August 5th. Barclays raised their target price on shares of CACI International from $500.00 to $610.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of CACI International from $520.00 to $555.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $545.70.

About CACI International

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.