CACI International (NYSE:CACI) Trading Up 4.6% After Strong Earnings

CACI International Inc (NYSE:CACI)’s share price shot up 4.6% on Thursday following a better than expected earnings announcement. The company traded as high as $403.85 and last traded at $396.84. 53,593 shares traded hands during trading, a decline of 56% from the average session volume of 121,172 shares. The stock had previously closed at $379.38.

The information technology services provider reported $5.74 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.19. CACI International had a return on equity of 13.97% and a net margin of 5.37%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the business posted $4.92 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Jefferies Financial Group downgraded CACI International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $375.00 to $350.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company increased their price target on shares of CACI International from $387.00 to $410.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. increased their target price on shares of CACI International from $375.00 to $383.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Truist Financial upped their price target on shares of CACI International from $385.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, StockNews.com raised CACI International from a “hold” rating to a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, CACI International has an average rating of “Moderate Buy” and an average target price of $400.82.

Insider Activity

In related news, Director Gregory G. Johnson sold 150 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $361.69, for a total transaction of $54,253.50. Following the transaction, the director now directly owns 6,446 shares in the company, valued at $2,331,453.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of CACI International stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the transaction, the executive vice president now directly owns 23,385 shares in the company, valued at $8,827,369.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gregory G. Johnson sold 150 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $361.69, for a total value of $54,253.50. Following the transaction, the director now directly owns 6,446 shares of the company’s stock, valued at $2,331,453.74. The disclosure for this sale can be found here. Company insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On CACI International

Large investors have recently added to or reduced their stakes in the stock. Covestor Ltd increased its stake in shares of CACI International by 9.1% in the third quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock valued at $170,000 after purchasing an additional 45 shares during the period. Eagle Bay Advisors LLC increased its position in CACI International by 91.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock valued at $43,000 after acquiring an additional 63 shares during the period. Essex Financial Services Inc. raised its stake in CACI International by 10.4% during the 4th quarter. Essex Financial Services Inc. now owns 1,059 shares of the information technology services provider’s stock valued at $343,000 after acquiring an additional 100 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its position in CACI International by 12.7% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 1,901 shares of the information technology services provider’s stock worth $616,000 after acquiring an additional 214 shares during the period. Finally, Zions Bancorporation N.A. grew its stake in shares of CACI International by 7.7% in the third quarter. Zions Bancorporation N.A. now owns 4,052 shares of the information technology services provider’s stock worth $1,272,000 after purchasing an additional 289 shares in the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Stock Performance

The company has a 50 day moving average price of $373.20 and a 200-day moving average price of $345.51. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The company has a market cap of $9.02 billion, a P/E ratio of 23.37, a PEG ratio of 1.89 and a beta of 0.89.

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.