Janney Montgomery Scott LLC Boosts Stock Holdings in CACI International Inc (NYSE:CACI)

Posted by Defense World Staff on Oct 24th, 2023

Janney Montgomery Scott LLC grew its position in shares of CACI International Inc (NYSE:CACI – Free Report) by 69.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,601 shares of the information technology services provider’s stock after purchasing an additional 1,473 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CACI International were worth $1,228,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CACI. Bank of New York Mellon Corp increased its holdings in CACI International by 30.3% in the 1st quarter. Bank of New York Mellon Corp now owns 604,767 shares of the information technology services provider’s stock worth $179,180,000 after acquiring an additional 140,710 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in CACI International by 2,850.9% in the 1st quarter. Segall Bryant & Hamill LLC now owns 50,165 shares of the information technology services provider’s stock worth $14,862,000 after acquiring an additional 48,465 shares in the last quarter. Geode Capital Management LLC increased its holdings in CACI International by 15.2% in the 1st quarter. Geode Capital Management LLC now owns 366,123 shares of the information technology services provider’s stock worth $108,475,000 after acquiring an additional 48,439 shares in the last quarter. Channing Capital Management LLC purchased a new stake in CACI International in the 1st quarter worth $12,950,000. Finally, Ameriprise Financial Inc. increased its holdings in CACI International by 6.8% in the 1st quarter. Ameriprise Financial Inc. now owns 443,965 shares of the information technology services provider’s stock worth $131,538,000 after acquiring an additional 28,091 shares in the last quarter. 87.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other CACI International news, Director Gregory G. Johnson sold 125 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $319.82, for a total value of $39,977.50. Following the transaction, the director now owns 5,998 shares of the company’s stock, valued at $1,918,280.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

CACI International Trading Down 1.2 %

Shares of CACI stock opened at $323.11 on Tuesday. The company’s 50-day moving average price is $323.95 and its 200-day moving average price is $323.71. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.76 and a beta of 0.99. CACI International Inc has a twelve month low of $269.39 and a twelve month high of $359.33.

CACI International (NYSE:CACI – Get Free Report) last announced its quarterly earnings results on Wednesday, August 9th. The information technology services provider reported $5.30 earnings per share for the quarter, beating the consensus estimate of $4.85 by $0.45. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.73 billion. CACI International had a net margin of 5.74% and a return on equity of 13.87%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.54 EPS. As a group, equities analysts predict that CACI International Inc will post 19.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CACI has been the subject of several recent analyst reports. Wells Fargo & Company cut their price target on shares of CACI International from $383.00 to $361.00 and set an “overweight” rating for the company in a report on Monday, September 18th. Jefferies Financial Group raised shares of CACI International from a “hold” rating to a “buy” rating and set a $405.00 target price for the company in a report on Wednesday, July 12th. TD Cowen upped their target price on shares of CACI International from $360.00 to $382.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Raymond James upped their target price on shares of CACI International from $340.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of CACI International from $330.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $374.09.

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About CACI International

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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.