Clifton S. Robbins, Blue Harbour Group Up Their Stake in CACI International Inc (CACI)

Clifton S. Robbins, the manager of Blue Harbour Group, is bullish on CACI International Inc (NYSE:CACI). According to a recent Form 4 filing with the Securities and Exchange Commission, Blue Harbour has increased its stake by acquiring 17,144 shares in two transactions at prices of $71.93 and $71.84. As a result, the fund currently holds 2.38 million shares.

CACI International Inc

According to our database, opinions regarding CACI International Inc (NYSE:CACI) are split, with several hedge funds we track reducing their exposure and others increasing their positions. One of them is Gotham Asset Management run by Joel Greenblatt. According to its latest 13F report, Gotham holds 258,356 shares, up 7% from the previous quarter, valued at $17.8 million. Wallace Weitz, on the other hand, has reduced his fund’s stake by 5%. At the end of the third quarter, Wallace R. Weitz & Co. reported holding 314,400 shares worth approximately $21.7 million.

CACI International Inc (NYSE:CACI) offers informational services in North America and internationally. So far in 2013, the stock has been in an uptrend, advancing 34% to a current price of $73.60 per share. The company has a market cap of $1.71 billion and does not pay a dividend. Shares change hands at a trailing Price to Earnings (P/E) ratio of 11.88 and have a beta of 0.84.

During the third quarter of 2013, CACI International registered revenues of $864 million and Earnings Per diluted Share (EPS) of $1.33. For the current quarter, the company is expected to post revenues of $885 million and EPS of $1.42.

On November 15, CACI International Inc (NYSE:CACI) announced the acquisition of Six3 Systems, Inc., a provider of specialized support for national security and cyber intelligence operations. Ken Asbury, CACI President and Chief Executive Officer, commented:

CACI’s acquisition of Six3 Systems Inc. is compelling on many levels. The acquisition is consistent with our three-part growth strategy to win new business, drive operational excellence, and continue our successful mergers and acquisitions program as the first priority for the deployment of our capital. Six3 Systems is a financially accretive acquisition that further differentiates CACI in our markets and complements our focus on national security. Our combined capabilities will add significant value to our customers’ vital missions, help drive our growth, and deliver positive shareholder returns.

Disclosure: none

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