CACI International (NYSE:CACI) Shares Up 4.6% Following Earnings Beat

CACI International Inc (NYSE:CACI)’s share price shot up 4.6% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $403.85 and last traded at $396.84. 53,593 shares were traded during mid-day 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 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.19. CACI International had a net margin of 5.31% and a return on equity of 13.65%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm earned $4.92 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CACI shares. Jefferies Financial Group downgraded shares of CACI International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $375.00 to $350.00 in a research note on Wednesday, January 3rd. 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. StockNews.com raised shares of CACI International from a “hold” rating to a “buy” rating in a research note on Thursday. Stifel Nicolaus raised their target price on shares of CACI International from $390.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised 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. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.82.

Insider Buying and Selling

In related news, Director Gregory G. Johnson sold 150 shares of the business’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 completion of the transaction, the director now owns 6,446 shares of the company’s stock, valued at $2,331,453.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Gregory G. Johnson sold 150 shares of the company’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 of the company’s stock, valued at $2,331,453.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 23,385 shares in the company, valued at $8,827,369.80. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CACI International

Large investors have recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of CACI International during the fourth quarter valued at $18,360,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of CACI International during the third quarter valued at $12,950,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of CACI International during the third quarter valued at $12,267,000. Bank of New York Mellon Corp grew its holdings in shares of CACI International by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 680,633 shares of the information technology services provider’s stock valued at $213,671,000 after buying an additional 23,521 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd grew its holdings in shares of CACI International by 12.9% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 66,359 shares of the information technology services provider’s stock valued at $21,491,000 after buying an additional 7,596 shares during the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Stock Up 5.8 %

The stock has a market capitalization of $8.94 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 1.32. The business’s fifty day moving average price is $371.66 and its two-hundred day moving average price is $344.62.

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.