Crossmark Global Holdings Inc. Cuts Stake in CACI International Inc (NYSE:CACI)

Crossmark Global Holdings Inc. trimmed its holdings in shares of CACI International Inc (NYSE:CACI) by 32.7% during the 3rd quarter, Holdings Channel reports. The fund owned 1,462 shares of the information technology services provider’s stock after selling 709 shares during the period. Crossmark Global Holdings Inc.’s holdings in CACI International were worth $737,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. UMB Bank n.a. lifted its position in shares of CACI International by 81.4% in the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 35 shares during the period. Versant Capital Management Inc boosted its position 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 acquiring an additional 90 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of CACI International by 9.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock valued at $107,000 after acquiring an additional 19 shares during the period. GPS Wealth Strategies Group LLC raised its position in shares of CACI International by 35.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock worth $174,000 after acquiring an additional 105 shares in the last quarter. Finally, Argent Capital Management LLC purchased a new stake in shares of CACI International during the 3rd quarter worth $208,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.

Insider Activity at CACI International

In related news, Director Gregory G. Johnson sold 300 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total value of $141,300.00. Following the completion of the sale, the director now owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The trade was a 4.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 91,368 shares in the company, valued at approximately $42,319,830.24. The trade was a 9.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,270 shares of company stock worth $10,165,972. 1.35% of the stock is owned by company insiders.

CACI International Price Performance

NYSE:CACI opened at $470.61 on Friday. The firm’s fifty day moving average is $518.79 and its two-hundred day moving average is $468.14. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 2.11 and a beta of 0.91. CACI International Inc has a one year low of $314.06 and a one year high of $588.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 1.75.

CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. CACI International’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.36 earnings per share. Research analysts expect that CACI International Inc will post 23.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CACI. TD Cowen lifted their target price on CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Raymond James lowered shares of CACI International from an “outperform” rating to a “market perform” rating in a research note on Monday, August 5th. Robert W. Baird raised their target price on shares of CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of CACI International from $525.00 to $577.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Barclays increased their price objective on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $547.20.

CACI International Company Profile

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.