New York State Teachers Retirement System Reduces Stock Holdings in CACI International, Inc. $CACI

New York State Teachers Retirement System trimmed its holdings in shares of CACI International, Inc. (NYSE:CACI) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,452 shares of the information technology services provider’s stock after selling 125 shares during the quarter. New York State Teachers Retirement System’s holdings in CACI International were worth $11,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cornerstone Investment Partners LLC grew its stake in CACI International by 1.3% during the 1st quarter. Cornerstone Investment Partners LLC now owns 2,044 shares of the information technology services provider’s stock worth $750,000 after buying an additional 27 shares during the last quarter. TD Private Client Wealth LLC grew its stake in CACI International by 21.0% during the 1st quarter. TD Private Client Wealth LLC now owns 305 shares of the information technology services provider’s stock valued at $112,000 after purchasing an additional 53 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in CACI International during the 2nd quarter valued at about $25,000. Covestor Ltd grew its stake in CACI International by 26.9% during the 1st quarter. Covestor Ltd now owns 307 shares of the information technology services provider’s stock valued at $113,000 after purchasing an additional 65 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in CACI International during the 1st quarter valued at about $27,000. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO John S. Mengucci sold 10,175 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $492.82, for a total value of $5,014,443.50. Following the completion of the transaction, the chief executive officer owned 101,536 shares of the company’s stock, valued at approximately $50,038,971.52. This represents a 9.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CACI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of CACI International in a research note on Wednesday, October 8th. Jefferies Financial Group downgraded CACI International from a “buy” rating to a “hold” rating and dropped their price target for the company from $570.00 to $535.00 in a research note on Wednesday, August 6th. Truist Financial set a $575.00 price target on CACI International in a research note on Friday, August 8th. William Blair upgraded CACI International from a “market perform” rating to an “outperform” rating in a research note on Monday, July 7th. Finally, Stifel Nicolaus boosted their price target on CACI International from $576.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $548.73.

CACI International Stock Performance

Shares of CACI stock opened at $515.71 on Friday. The stock has a market cap of $11.34 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.94 and a beta of 0.63. The business has a 50-day simple moving average of $494.64 and a 200-day simple moving average of $468.70. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. CACI International, Inc. has a 52-week low of $318.60 and a 52-week high of $588.26.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, August 6th. The information technology services provider reported $8.40 earnings per share for the quarter, topping analysts’ consensus estimates of $6.54 by $1.86. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.29 billion. CACI International had a return on equity of 15.84% and a net margin of 5.79%.CACI International’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.61 EPS. On average, equities analysts expect that CACI International, Inc. will post 23.94 EPS for the current year.

CACI International Company 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.