Millennium Management LLC Sells 54,656 Shares of CACI International Inc (NYSE:CACI)

Millennium Management LLC decreased its stake in CACI International Inc (NYSE:CACI) by 72.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,663 shares of the information technology services provider’s stock after selling 54,656 shares during the period. Millennium Management LLC owned 0.09% of CACI International worth $8,888,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kennedy Capital Management LLC increased its position in CACI International by 39.9% during the 1st quarter. Kennedy Capital Management LLC now owns 8,276 shares of the information technology services provider’s stock valued at $3,135,000 after purchasing an additional 2,359 shares during the period. SG Americas Securities LLC increased its position in shares of CACI International by 418.0% during the first quarter. SG Americas Securities LLC now owns 4,522 shares of the information technology services provider’s stock worth $1,713,000 after buying an additional 3,649 shares during the period. M&R Capital Management Inc. bought a new position in CACI International during the first quarter worth $1,092,000. Running Oak Capital LLC boosted its position in CACI International by 10.6% during the first quarter. Running Oak Capital LLC now owns 30,101 shares of the information technology services provider’s stock valued at $11,403,000 after acquiring an additional 2,883 shares during the last quarter. Finally, BNP Paribas acquired a new stake in CACI International during the 1st quarter worth about $1,191,000. 86.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CACI has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. TD Cowen increased their price target on CACI International from $435.00 to $480.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Raymond James downgraded shares of CACI International from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. Truist Financial boosted their target price on shares of CACI International from $500.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $485.60.

Insider Transactions at CACI International

In related news, Director Gregory G. Johnson sold 300 shares of CACI International stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total transaction of $141,300.00. Following the transaction, the director now owns 5,910 shares of the company’s stock, valued at $2,783,610. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The shares were 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 in the company, valued at approximately $42,319,830.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gregory G. Johnson sold 300 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 5,910 shares in the company, valued at $2,783,610. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,270 shares of company stock valued at $10,165,972 over the last ninety days. 1.23% of the stock is currently owned by insiders.

CACI International Stock Performance

CACI opened at $512.36 on Wednesday. CACI International Inc has a 1-year low of $302.21 and a 1-year high of $515.16. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 2.11 and a beta of 0.93. The company’s fifty day moving average price is $478.61 and its two-hundred day moving average price is $437.17. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.93 by $0.68. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the business posted $5.30 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. On average, analysts expect that CACI International Inc will post 23.07 EPS for the current fiscal year.

CACI International Company Profile

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.