Wedge Capital Management L L P NC trimmed its position in shares of Caci International Inc (NYSE:CACI) by 28.9% in the third quarter, HoldingsChannel reports. The firm owned 1,427 shares of the information technology services provider’s stock after selling 581 shares during the period. Wedge Capital Management L L P NC’s holdings in Caci International were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of CACI. Westwood Holdings Group Inc. acquired a new position in Caci International during the 2nd quarter valued at about $24,890,000. Paloma Partners Management Co bought a new stake in shares of Caci International during the 2nd quarter worth about $15,454,000. Bank of New York Mellon Corp raised its position in shares of Caci International by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 624,635 shares of the information technology services provider’s stock worth $127,793,000 after buying an additional 38,590 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Caci International by 623.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 33,277 shares of the information technology services provider’s stock worth $6,808,000 after buying an additional 28,680 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Caci International by 26.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 85,234 shares of the information technology services provider’s stock worth $19,581,000 after buying an additional 18,018 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.
Shares of CACI stock traded up $0.04 during midday trading on Friday, reaching $225.93. 94,660 shares of the company were exchanged, compared to its average volume of 207,487. Caci International Inc has a 12 month low of $138.39 and a 12 month high of $235.00. The company has a market cap of $5.57 billion, a P/E ratio of 21.60, a PEG ratio of 1.82 and a beta of 1.29. The company’s 50 day moving average price is $225.66 and its two-hundred day moving average price is $212.78. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.49 and a current ratio of 1.35.
Caci International (NYSE:CACI) last released its earnings results on Wednesday, October 30th. The information technology services provider reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.03. Caci International had a net margin of 4.91% and a return on equity of 10.86%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned $3.10 EPS. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. As a group, sell-side analysts predict that Caci International Inc will post 12.2 earnings per share for the current year.
In related news, Director Gregory G. Johnson sold 250 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $216.22, for a total value of $54,055.00. Following the sale, the director now directly owns 4,751 shares in the company, valued at approximately $1,027,261.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Pavitt sold 500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $217.27, for a total transaction of $108,635.00. Following the completion of the sale, the director now owns 6,224 shares in the company, valued at $1,352,288.48. The disclosure for this sale can be found here. Insiders sold a total of 15,411 shares of company stock worth $3,237,888 over the last quarter. Insiders own 1.38% of the company’s stock.
CACI has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Caci International from $224.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. ValuEngine downgraded shares of Caci International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group restated a “buy” rating and set a $258.00 price target on shares of Caci International in a research report on Wednesday, September 18th. Barclays initiated coverage on shares of Caci International in a research report on Friday, September 20th. They set an “overweight” rating and a $260.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Caci International in a research report on Tuesday, September 24th. They set a “neutral” rating and a $250.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $237.70.
About Caci International
CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions in the areas of financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.
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