Eagle Asset Management Inc. Increases Position in CACI International Inc. (CACI)
Eagle Asset Management Inc. increased its stake in shares of CACI International Inc. (NYSE:CACI) by 0.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 144,041 shares of the company’s stock after buying an additional 769 shares during the period. Eagle Asset Management Inc. owned about 0.59% of CACI International worth $14,533,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in CACI. Personal Capital Advisors Corp acquired a new stake in shares of CACI International during the second quarter worth $407,000. Amalgamated Bank boosted its stake in shares of CACI International by 11.6% in the second quarter. Amalgamated Bank now owns 2,896 shares of the company’s stock worth $274,000 after buying an additional 300 shares during the period. Arizona State Retirement System boosted its stake in shares of CACI International by 1.6% in the second quarter. Arizona State Retirement System now owns 12,632 shares of the company’s stock worth $1,142,000 after buying an additional 200 shares during the period. Paloma Partners Management Co boosted its stake in shares of CACI International by 135.0% in the second quarter. Paloma Partners Management Co now owns 8,058 shares of the company’s stock worth $729,000 after buying an additional 4,629 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in shares of CACI International by 73.2% in the second quarter. Panagora Asset Management Inc. now owns 180,612 shares of the company’s stock worth $16,329,000 after buying an additional 76,343 shares during the period. 89.74% of the stock is owned by institutional investors.
Shares of CACI International Inc. (NYSE:CACI) traded down 0.77% during midday trading on Wednesday, hitting $129.65. 61,178 shares of the stock were exchanged. The stock’s 50 day moving average is $109.41 and its 200 day moving average is $99.90. CACI International Inc. has a 12-month low of $78.08 and a 12-month high of $132.94. The firm has a market cap of $3.16 billion, a P/E ratio of 22.24 and a beta of 1.82.
CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, October 26th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.82. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.02 billion. CACI International had a net margin of 3.62% and a return on equity of 11.21%. CACI International’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.40 EPS. On average, equities research analysts forecast that CACI International Inc. will post $6.28 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on CACI. Drexel Hamilton began coverage on shares of CACI International in a research report on Wednesday, November 16th. They set a “buy” rating for the company. Zacks Investment Research raised shares of CACI International from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a research report on Tuesday, September 6th. FBR & Co reaffirmed a “hold” rating and set a $94.00 price target on shares of CACI International in a research report on Monday, October 31st. Jefferies Group reaffirmed a “hold” rating and set a $96.00 price target on shares of CACI International in a research report on Thursday, August 18th. Finally, Noble Financial cut shares of CACI International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. CACI International currently has an average rating of “Buy” and an average price target of $102.50.
In other news, Director Gregory G. Johnson sold 300 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $118.84, for a total transaction of $35,652.00. Following the transaction, the director now owns 4,509 shares in the company, valued at approximately $535,849.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas A. Mutryn sold 6,129 shares of the firm’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $110.00, for a total transaction of $674,190.00. Following the transaction, the chief financial officer now owns 37,470 shares in the company, valued at approximately $4,121,700. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.
About CACI International
CACI International Inc is a simulation technology company. The Company provides information solutions and services. The Company operates through two segments: domestic operations and international operations. It serves clients in the United States federal government and commercial markets, primarily throughout North America and internationally on behalf of the United States customers, as well as in the United Kingdom and the Netherlands.
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