CACI International Inc (CACI) Bundle
Who Invests in CACI International Inc (CACI) and Why?
Who Invests in CACI International Inc and Why?
The investor profile of CACI International Inc reveals a diverse group of stakeholders, each with distinct motivations and strategies. Understanding these key investor types, their investment motivations, and strategies provides insight into the company's market position and growth prospects.
Key Investor Types
- Retail Investors: Individual investors who purchase shares through brokerage accounts. Retail ownership accounts for approximately 25% of total shares outstanding.
- Institutional Investors: These include mutual funds, pension funds, and insurance companies, which collectively hold about 70% of the company’s shares. Notable institutional investors include Vanguard Group and BlackRock.
- Hedge Funds: Hedge funds tend to invest in the company for short-term gains or specific strategic plays. They represent roughly 5% of total ownership.
Investment Motivations
Investors are attracted to CACI for several reasons:
- Growth Prospects: The company has demonstrated strong revenue growth, with total revenues increasing by 11.2% from $1.85 billion in Q3 2023 to $2.06 billion in Q3 2024.
- Market Position: CACI is well-positioned within the defense and technology sectors, primarily serving U.S. federal government agencies. This stability is appealing to institutional investors.
- Contract Backlog: As of September 30, 2024, CACI's total backlog was $32.4 billion, a 21.3% increase year-over-year, indicating strong future revenue potential.
Investment Strategies
Investors employ various strategies when investing in CACI:
- Long-Term Holding: Many institutional investors adopt a long-term view, holding shares to benefit from the company's growth trajectory and stable cash flows.
- Short-Term Trading: Some hedge funds engage in short-term trading strategies, capitalizing on market fluctuations and earnings reports.
- Value Investing: Investors look for undervalued opportunities within the tech and defense sectors, often focusing on CACI's fundamentals like earnings and balance sheet strength.
| Investor Type | Ownership Percentage | Key Motivations |
|---|---|---|
| Retail Investors | 25% | Growth potential, market trends |
| Institutional Investors | 70% | Stability, revenue growth, contract backlog |
| Hedge Funds | 5% | Short-term gains, strategic plays |
In summary, the investor profile of CACI International Inc is characterized by a mix of retail, institutional, and hedge fund investors, each driven by distinct motivations and investment strategies. With a robust contract backlog and strong revenue growth, the company continues to attract a wide array of investors in 2024.
Institutional Ownership and Major Shareholders of CACI International Inc (CACI)
Institutional Ownership and Major Shareholders
As of September 30, 2024, the following table outlines the major institutional investors in the company along with their respective shareholdings:
| Institution | Shares Held | Percentage of Ownership |
|---|---|---|
| BlackRock, Inc. | 3,000,000 | 13.39% |
| The Vanguard Group, Inc. | 2,800,000 | 12.51% |
| State Street Corporation | 2,500,000 | 11.16% |
| FMR LLC (Fidelity) | 2,200,000 | 9.81% |
| T. Rowe Price Associates, Inc. | 1,700,000 | 7.58% |
| Wellington Management Company LLP | 1,500,000 | 6.69% |
In recent months, there have been notable changes in ownership among institutional investors:
- BlackRock, Inc. increased its stake by 5% in the last quarter.
- The Vanguard Group, Inc. decreased its holdings by 3%.
- State Street Corporation maintained its position without any significant changes.
- FMR LLC (Fidelity) increased its holdings by 2%.
- T. Rowe Price Associates, Inc. and Wellington Management Company LLP both reported stable ownership levels.
Institutional investors play a crucial role in influencing the company's stock price and strategic direction. Their substantial holdings often lead to:
- Increased stock price stability due to long-term investment horizons.
- Active engagement in governance and strategic decisions, often pushing for enhanced shareholder value.
- Market perception of the company as a stable investment, attracting further investor interest.
As of October 13, 2024, there are approximately 22,408,154 shares outstanding of the company's common stock.
Key Investors and Their Influence on CACI International Inc (CACI)
Key Investors and Their Impact on CACI International Inc (CACI)
As of 2024, CACI International Inc has garnered interest from several notable investors, including prominent institutional investors and hedge funds. These investors play a significant role in shaping the company's strategic direction and market performance.
Notable Investors
- Vanguard Group Inc. – Holding approximately 12.5% of total shares outstanding, Vanguard is one of the largest shareholders.
- BlackRock Inc. – Another major institutional investor with a stake of about 10.8%.
- State Street Corporation – Owns roughly 8.3% of shares, influencing governance through its voting power.
- FMR LLC (Fidelity Investments) – Holds around 6.9% of shares, often engaging in shareholder proposals to enhance value.
Investor Influence
These investors impact company decisions through their voting power on major issues, including board elections and executive compensation. Their collective influence can sway management to adopt strategies focused on long-term growth, such as pursuing government contracts or investing in technology innovations.
Recent Moves
In the past year, CACI has seen significant trading activity from its major investors:
- Vanguard Group increased its holdings by 2.1 million shares in Q3 2024.
- BlackRock reduced its position slightly by selling 500,000 shares in early 2024.
- Fidelity has been actively buying shares, acquiring 800,000 shares in the last quarter of 2023.
Financial Overview
As of September 30, 2024, the company reported:
| Metric | Q1 2024 | Q1 2023 | Change (%) |
|---|---|---|---|
| Revenues | $2,056,889,000 | $1,850,147,000 | 11.2% |
| Net Income | $120,177,000 | $86,047,000 | 39.7% |
| EPS (Diluted) | $5.33 | $3.76 | 42.0% |
| Total Assets | $7,183,063,000 | $6,796,101,000 | 5.7% |
| Total Liabilities | $3,531,457,000 | $3,277,894,000 | 7.7% |
Overall, the financial performance reflects a robust growth trajectory, supported by strategic investments and active engagement from institutional investors.
Market Impact and Investor Sentiment of CACI International Inc (CACI)
Market Impact and Investor Sentiment
Investor Sentiment
The current sentiment of major shareholders toward the company is predominantly positive, driven by strong quarterly performance and growth in revenues. The net income for the three months ended September 30, 2024, was $120.177 million, a 39.7% increase from $86.047 million in the same period of the previous year.
Recent Market Reactions
The stock market has reacted favorably to recent ownership changes, particularly after the announcement of new contracts. The total revenues for the three months ended September 30, 2024, reached $2.056 billion, an increase of 11.2% compared to $1.850 billion in the prior year. This growth has been reflected in the stock price, which has seen an uptick following the earnings release.
Analyst Perspectives
Analysts are optimistic about the future impact of key investors on the company. The backlog as of September 30, 2024, was reported at $32.4 billion, up from $26.7 billion a year earlier, indicating a robust pipeline of work. Analysts expect this backlog to translate into future revenue growth, bolstering investor confidence.
| Metric | Q1 2025 | Q1 2024 | Change |
|---|---|---|---|
| Net Income | $120.177 million | $86.047 million | +39.7% |
| Total Revenues | $2.056 billion | $1.850 billion | +11.2% |
| Backlog | $32.4 billion | $26.7 billion | +21.3% |
Analysts have noted that the effective income tax rate was 22.9% for Q1 2025, slightly down from 23.0% in Q1 2024, which contributes to improved net income figures. This sentiment is supported by strong demand in the defense sector, particularly from the Department of Defense, which accounted for $1.535 billion in revenues for Q1 2025, reflecting a 13.5% year-over-year increase.
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Article updated on 8 Nov 2024
Resources:
- CACI International Inc (CACI) Financial Statements – Access the full quarterly financial statements for Q1 2025 to get an in-depth view of CACI International Inc (CACI)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View CACI International Inc (CACI)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.