Bridges Investment Management Inc. Grows Holdings in CACI International, Inc. $CACI

Bridges Investment Management Inc. lifted its holdings in CACI International, Inc. (NYSE:CACI) by 15.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,287 shares of the information technology services provider’s stock after buying an additional 443 shares during the quarter. Bridges Investment Management Inc.’s holdings in CACI International were worth $1,567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in CACI International during the 2nd quarter valued at about $25,000. Wayfinding Financial LLC purchased a new stake in CACI International during the 1st quarter valued at about $27,000. Trust Co. of Toledo NA OH purchased a new stake in CACI International during the 2nd quarter valued at about $55,000. Thurston Springer Miller Herd & Titak Inc. grew its position in CACI International by 180.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 140 shares of the information technology services provider’s stock valued at $67,000 after purchasing an additional 90 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its position in CACI International by 528.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 264 shares of the information technology services provider’s stock valued at $97,000 after purchasing an additional 222 shares during the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CACI International

In other news, CEO John S. Mengucci sold 10,175 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $492.82, for a total value of $5,014,443.50. Following the transaction, the chief executive officer owned 101,536 shares in the company, valued at $50,038,971.52. This represents a 9.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by company insiders.

CACI International Price Performance

Shares of NYSE:CACI opened at $518.21 on Friday. The firm’s 50 day moving average price is $494.23 and its 200-day moving average price is $467.16. CACI International, Inc. has a twelve month low of $318.60 and a twelve month high of $588.26. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $11.40 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.94 and a beta of 0.63.

CACI International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, August 6th. The information technology services provider reported $8.40 earnings per share for the quarter, topping the consensus estimate of $6.54 by $1.86. CACI International had a net margin of 5.79% and a return on equity of 15.84%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the prior year, the business earned $6.61 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts expect that CACI International, Inc. will post 23.94 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on CACI shares. Raymond James Financial reissued a “market perform” rating on shares of CACI International in a research report on Friday, August 8th. William Blair raised shares of CACI International from a “market perform” rating to an “outperform” rating in a research report on Monday, July 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CACI International in a report on Wednesday, October 8th. Truist Financial set a $575.00 price target on shares of CACI International in a report on Friday, August 8th. Finally, Jefferies Financial Group downgraded shares of 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 report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $548.73.

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.