Pacer Advisors Inc. Grows Stake in CACI International Inc (NYSE:CACI)

Pacer Advisors Inc. raised its stake in shares of CACI International Inc (NYSE:CACI) by 25.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,238 shares of the information technology services provider’s stock after purchasing an additional 861 shares during the period. Pacer Advisors Inc.’s holdings in CACI International were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Versant Capital Management Inc raised its holdings in CACI International by 900.0% during the 2nd quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock valued at $43,000 after buying an additional 90 shares during the period. GPS Wealth Strategies Group LLC raised its stake in shares of CACI International by 35.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock valued at $174,000 after acquiring an additional 105 shares during the period. Covestor Ltd lifted its holdings in shares of CACI International by 8.9% in the 1st quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock worth $237,000 after acquiring an additional 51 shares during the last quarter. LRI Investments LLC purchased a new position in shares of CACI International during the 1st quarter worth about $293,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in CACI International during the 2nd quarter valued at about $318,000. 86.43% of the stock is owned by institutional investors.

CACI International Stock Performance

Shares of CACI stock opened at $493.47 on Thursday. CACI International Inc has a 52 week low of $302.21 and a 52 week high of $498.00. The stock has a market capitalization of $11.00 billion, a PE ratio of 28.51, a P/E/G ratio of 2.11 and a beta of 0.93. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $468.61 and a two-hundred day moving average of $428.23.

CACI International (NYSE:CACI) last issued 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 business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.93 billion. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.30 EPS. On average, research analysts predict that CACI International Inc will post 23.07 EPS for the current fiscal year.

Insider Buying and Selling at CACI International

In other CACI International 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 owns 91,368 shares of the company’s stock, valued at $42,319,830.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 91,368 shares in the company, valued at approximately $42,319,830.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory G. Johnson sold 300 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total value of $141,300.00. Following the transaction, the director now directly owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,270 shares of company stock valued at $10,165,972. 1.23% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on CACI. Bank of America raised their price objective on shares of CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. TD Cowen lifted their target price on CACI International from $435.00 to $480.00 and gave the company a “buy” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. raised their target price on shares of CACI International from $383.00 to $458.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Truist Financial raised their price objective on CACI International from $500.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, Barclays increased their target price on shares of CACI International from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $465.00.

About CACI International

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.