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

CACI International Inc (NYSE:CACI)’s share price hit a new 52-week high during mid-day trading 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. The stock had previously closed at $376.08.

Several other brokerages also recently weighed in on CACI. The Goldman Sachs Group increased their price target on shares of CACI International from $379.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Jefferies Financial Group downgraded shares of CACI International from a “buy” rating to a “hold” rating and cut their price target for the stock from $375.00 to $350.00 in a report on Wednesday, January 3rd. JPMorgan Chase & Co. raised their price objective on shares of CACI International from $375.00 to $383.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Robert W. Baird raised their price objective on shares of CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company raised their price objective 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. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, CACI International currently has an average rating of “Moderate Buy” and a consensus price target of $400.82.

Insider Buying and Selling at CACI International

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Eagle Bay Advisors LLC grew its position in shares of 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 buying an additional 63 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of CACI International during the fourth quarter worth approximately $152,000. Covestor Ltd raised its stake in shares of CACI International by 9.1% during the third quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock worth $170,000 after purchasing an additional 45 shares during the last quarter. Confluence Wealth Services Inc. acquired a new stake in CACI International in the first quarter valued at $237,000. Finally, Cetera Trust Company N.A acquired a new stake in CACI International in the fourth quarter valued at $308,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.

CACI International Trading Down 0.8 %

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 firm has a market cap of $8.45 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 1.87 and a beta of 0.89. The business has a 50 day moving average of $371.27 and a 200 day moving average of $344.37.

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

CACI International Company Profile

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.