CACI International (NYSE:CACI) Reaches New 52-Week High at $359.54

CACI International Inc (NYSE:CACIGet Free Report) shares reached a new 52-week high on Friday . The company traded as high as $359.54 and last traded at $359.18, with a volume of 14003 shares. The stock had previously closed at $355.36.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CACI. StockNews.com lowered shares of CACI International from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus raised shares of CACI International from a “hold” rating to a “buy” rating and increased their price objective for the company from $365.00 to $380.00 in a research report on Friday, January 5th. JPMorgan Chase & Co. increased their price objective on shares of CACI International from $375.00 to $383.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Finally, Jefferies Financial Group lowered shares of CACI International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $375.00 to $350.00 in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $377.33.

View Our Latest Analysis on CACI International

CACI International Price Performance

The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 1.76 and a beta of 0.89. 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 business’s 50 day simple moving average is $331.05 and its 200-day simple moving average is $329.01.

CACI International (NYSE:CACIGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.14). The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. CACI International had a return on equity of 13.65% and a net margin of 5.31%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.28 earnings per share. On average, research analysts forecast that CACI International Inc will post 20.32 earnings per share for the current year.

Insiders Place Their Bets

In other CACI International news, Director Debora A. Plunkett sold 350 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $327.72, for a total transaction of $114,702.00. Following the sale, the director now directly owns 2,284 shares in the company, valued at $748,512.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On CACI International

A number of hedge funds have recently made changes to their positions in the stock. Cim Investment Management Inc. boosted its stake in shares of CACI International by 3.6% in the 1st quarter. Cim Investment Management Inc. now owns 1,251 shares of the information technology services provider’s stock valued at $371,000 after purchasing an additional 43 shares in the last quarter. Studio Investment Management LLC boosted its position in CACI International by 3.0% during the 4th quarter. Studio Investment Management LLC now owns 1,534 shares of the information technology services provider’s stock worth $461,000 after buying an additional 44 shares during the period. Covestor Ltd boosted its position in CACI International by 9.1% during the 3rd quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock worth $170,000 after buying an additional 45 shares during the period. Eagle Bay Advisors LLC boosted its position in CACI International by 91.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock worth $43,000 after buying an additional 63 shares during the period. Finally, Captrust Financial Advisors boosted its position in CACI International by 1.7% during the 2nd quarter. Captrust Financial Advisors now owns 4,292 shares of the information technology services provider’s stock worth $1,463,000 after buying an additional 71 shares during the period. 87.30% of the stock is currently owned by institutional investors and hedge funds.

CACI International Company Profile

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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.

Further Reading

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