Bank of New York Mellon Corp Decreases Stock Position in CACI International, Inc. $CACI

Bank of New York Mellon Corp lessened its stake in shares of CACI International, Inc. (NYSE:CACI) by 1.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,966 shares of the information technology services provider’s stock after selling 3,380 shares during the period. Bank of New York Mellon Corp’s holdings in CACI International were worth $92,440,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in shares of CACI International by 22.5% in the second quarter. Ameriprise Financial Inc. now owns 298,615 shares of the information technology services provider’s stock worth $142,346,000 after buying an additional 54,905 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in CACI International by 24.5% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 50,702 shares of the information technology services provider’s stock valued at $27,575,000 after buying an additional 9,980 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in CACI International during the 1st quarter valued at approximately $5,384,000. Van Lanschot Kempen Investment Management N.V. increased its stake in CACI International by 11.4% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 73,423 shares of the information technology services provider’s stock worth $39,121,000 after acquiring an additional 7,487 shares during the last quarter. Finally, Horizon Investments LLC increased its stake in CACI International by 141,420.0% in the 3rd quarter. Horizon Investments LLC now owns 7,076 shares of the information technology services provider’s stock worth $3,529,000 after acquiring an additional 7,071 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

CACI International Trading Down 2.3%

Shares of CACI stock opened at $440.93 on Wednesday. The company has a market cap of $9.74 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.37 and a beta of 0.54. CACI International, Inc. has a 1 year low of $434.70 and a 1 year high of $683.50. The stock’s 50 day simple moving average is $491.74 and its two-hundred day simple moving average is $547.87. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.61 and a quick ratio of 1.61.

CACI International (NYSE:CACI) last announced its earnings results on Wednesday, April 22nd. The information technology services provider reported $7.27 EPS for the quarter, topping analysts’ consensus estimates of $7.09 by $0.18. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.36 billion. CACI International had a return on equity of 15.90% and a net margin of 5.86%.The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.23 EPS. Research analysts predict that CACI International, Inc. will post 28.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings cut CACI International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Jefferies Financial Group cut their target price on shares of CACI International from $550.00 to $510.00 and set a “hold” rating for the company in a report on Wednesday, July 1st. Citigroup reduced their price target on shares of CACI International from $555.00 to $519.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. JPMorgan Chase & Co. decreased their price target on shares of CACI International from $700.00 to $645.00 and set an “overweight” rating on the stock in a research note on Monday, June 15th. Finally, BNP Paribas Exane initiated coverage on shares of CACI International in a research report on Wednesday, May 27th. They set a “neutral” rating and a $550.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CACI International has an average rating of “Moderate Buy” and an average target price of $609.09.

CACI International Profile

CACI International Inc is a leading provider of information solutions and services to the U.S. federal government, with a primary focus on defense, intelligence, homeland security and federal civilian agencies. The company delivers advanced technology and domain expertise to support mission-critical operations, offering capabilities in areas such as data analytics, cyber security, network integration, enterprise IT modernization and logistics support. By integrating software, hardware and professional services, CACI helps clients enhance situational awareness, improve decision making and maintain critical infrastructure resilience.

Founded in 1962 and headquartered in Arlington, Virginia, CACI has evolved from a small consulting operation into a global enterprise.