CACI International (NYSE:CACI) Sees Unusually-High Trading Volume – Should You Buy?

Shares of CACI International Inc (NYSE:CACI) saw unusually-strong trading volume on Thursday . Approximately 197,875 shares were traded during mid-day trading, an increase of 73% from the previous session’s volume of 114,660 shares.The stock last traded at $508.94 and had previously closed at $542.36.

Wall Street Analyst Weigh In

CACI has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Truist Financial restated a “buy” rating and set a $650.00 price objective (up previously from $520.00) on shares of CACI International in a report on Friday, October 25th. Barclays boosted their target price on shares of CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday. Bank of America raised their price target on shares of CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Finally, Raymond James lowered shares of CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $547.20.

CACI International Trading Down 4.2 %

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $10.55 billion, a PE ratio of 23.32, a PEG ratio of 2.11 and a beta of 0.91. The company’s fifty day moving average is $518.79 and its 200-day moving average is $468.14.

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

Insider Buying and Selling at CACI International

In other CACI International news, CEO John S. Mengucci sold 10,000 shares of CACI International stock in a transaction on Monday, August 19th. The shares were sold at an average price of $463.18, for a total value of $4,631,800.00. Following the completion of the transaction, the chief executive officer now owns 91,368 shares of the company’s stock, valued at approximately $42,319,830.24. The trade was a 9.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP J William Koegel, Jr. sold 970 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $483.27, for a total transaction of $468,771.90. Following the completion of the transaction, the executive vice president now owns 22,651 shares of the company’s stock, valued at approximately $10,946,548.77. This trade represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,270 shares of company stock valued at $10,165,972. 1.35% of the stock is owned by company insiders.

Institutional Trading of CACI International

Several institutional investors have recently bought and sold shares of CACI. Kennedy Capital Management LLC grew its stake in CACI International by 39.9% in the 1st quarter. Kennedy Capital Management LLC now owns 8,276 shares of the information technology services provider’s stock valued at $3,135,000 after acquiring an additional 2,359 shares during the period. Comerica Bank increased its stake in shares of CACI International by 13.4% during the first quarter. Comerica Bank now owns 11,609 shares of the information technology services provider’s stock worth $4,398,000 after purchasing an additional 1,372 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of CACI International during the first quarter worth about $653,000. Bridges Investment Management Inc. acquired a new position in shares of CACI International during the 2nd quarter worth about $489,000. Finally, Farther Finance Advisors LLC lifted its stake in CACI International by 286.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,302 shares of the information technology services provider’s stock valued at $657,000 after buying an additional 965 shares in the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.

About CACI International

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.