CACI International (NYSE:CACI) Sets New 52-Week High on Analyst Upgrade

CACI International Inc (NYSE:CACI) hit a new 52-week high during mid-day trading on Wednesday after Barclays raised their price target on the stock from $450.00 to $510.00. Barclays currently has an overweight rating on the stock. CACI International traded as high as $459.18 and last traded at $457.70, with a volume of 352501 shares changing hands. The stock had previously closed at $449.15.

A number of other brokerages also recently issued reports on CACI. Truist Financial set a $525.00 price objective on CACI International and gave the company a “buy” rating in a research note on Friday, April 25th. William Blair cut shares of CACI International from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Cowen restated a “buy” rating on shares of CACI International in a research note on Monday. TD Cowen cut their price target on CACI International from $610.00 to $480.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group restated a “buy” rating on shares of CACI International in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CACI International has an average rating of “Moderate Buy” and a consensus target price of $515.67.

Insider Transactions at CACI International

In related news, Director Debora A. Plunkett sold 309 shares of CACI International stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $363.62, for a total transaction of $112,358.58. Following the completion of the transaction, the director now directly owns 2,315 shares of the company’s stock, valued at approximately $841,780.30. The trade was a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.35% of the company’s stock.

Institutional Trading of CACI International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in shares of CACI International by 35.2% during the fourth quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider’s stock valued at $63,477,000 after buying an additional 40,867 shares during the last quarter. Running Oak Capital LLC grew its position in CACI International by 8.9% in the 4th quarter. Running Oak Capital LLC now owns 31,139 shares of the information technology services provider’s stock valued at $12,582,000 after acquiring an additional 2,533 shares during the last quarter. RNC Capital Management LLC purchased a new stake in CACI International in the fourth quarter worth $315,000. Leuthold Group LLC bought a new stake in shares of CACI International during the fourth quarter worth $2,647,000. Finally, Ramirez Asset Management Inc. boosted its stake in shares of CACI International by 287.2% during the fourth quarter. Ramirez Asset Management Inc. now owns 2,490 shares of the information technology services provider’s stock valued at $1,006,000 after purchasing an additional 1,847 shares during the period. 86.43% of the stock is owned by hedge funds and other institutional investors.

CACI International Price Performance

The stock has a market capitalization of $10.29 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.01 and a beta of 0.78. The stock’s 50 day moving average price is $390.56 and its 200-day moving average price is $426.95. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.80.

CACI International (NYSE:CACI) last released its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $6.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $0.70. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.13 billion. CACI International had a net margin of 5.90% and a return on equity of 15.30%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $5.74 EPS. As a group, equities analysts forecast that CACI International Inc will post 23.94 EPS for the current year.

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.