CACI International (NYSE:CACI) Hits New 1-Year High After Analyst Upgrade

CACI International Inc (NYSE:CACI)’s stock price hit a new 52-week high on Tuesday after Stifel Nicolaus raised their price target on the stock from $390.00 to $430.00. Stifel Nicolaus currently has a buy rating on the stock. CACI International traded as high as $383.37 and last traded at $383.32, with a volume of 15955 shares traded. The stock had previously closed at $376.08.

Several other equities analysts also recently issued reports on CACI. Jefferies Financial Group downgraded CACI International from a “buy” rating to a “hold” rating and cut their price objective for the company from $375.00 to $350.00 in a research report on Wednesday, January 3rd. Robert W. Baird lifted their target price on CACI International from $370.00 to $464.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. lifted their price objective on CACI International from $375.00 to $383.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Wells Fargo & Company lifted their price objective on CACI International from $387.00 to $410.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, Truist Financial lifted their price objective on CACI International from $385.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $400.82.

Insider Buying and Selling

In related news, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction of $188,740.00. Following the sale, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction of $188,740.00. Following the sale, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory G. Johnson sold 150 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $361.69, for a total value of $54,253.50. Following the sale, the director now owns 6,446 shares in the company, valued at approximately $2,331,453.74. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CACI International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC lifted its stake in CACI International by 91.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 63 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of CACI International in the 4th quarter valued at $152,000. Covestor Ltd lifted its stake in shares of CACI International by 9.1% in the 3rd quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock valued at $170,000 after acquiring an additional 45 shares during the last quarter. Confluence Wealth Services Inc. bought a new position in shares of CACI International in the 1st quarter valued at $237,000. Finally, Cetera Trust Company N.A bought a new position in shares of CACI International in the 4th quarter valued at $308,000. 86.43% of the stock is currently owned by institutional investors.

CACI International Stock Down 0.8 %

The company has a market capitalization of $8.45 billion, a P/E ratio of 22.97, a PEG ratio of 1.87 and a beta of 0.89. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average price of $371.27 and a 200 day moving average price of $344.37.

CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 EPS for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.14). CACI International had a net margin of 5.31% and a return on equity of 13.65%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the company posted $4.28 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. On average, research analysts anticipate that CACI International Inc will post 20.27 earnings per share for the current fiscal year.

About CACI International

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.