FY2024 Earnings Forecast for CACI International Inc (NYSE:CACI) Issued By William Blair

CACI International Inc (NYSE:CACI) – Stock analysts at William Blair boosted their FY2024 earnings per share (EPS) estimates for shares of CACI International in a research report issued on Thursday, April 25th. William Blair analyst L. Dipalma now forecasts that the information technology services provider will post earnings of $20.42 per share for the year, up from their previous forecast of $20.19. The consensus estimate for CACI International’s current full-year earnings is $20.27 per share. William Blair also issued estimates for CACI International’s Q4 2024 earnings at $5.97 EPS and FY2025 earnings at $23.43 EPS.

CACI has been the subject of a number of other research reports. Stifel Nicolaus increased their price objective on shares of CACI International from $390.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com raised CACI International from a “hold” rating to a “buy” rating in a report on Thursday. The Goldman Sachs Group lifted their price objective on CACI International from $379.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Wells Fargo & Company upped their target price on CACI International from $387.00 to $410.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Truist Financial raised their target price on CACI International from $385.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $400.82.

CACI International Stock Up 0.7 %

Shares of CACI opened at $404.54 on Friday. The stock has a 50 day moving average price of $373.20 and a 200 day moving average price of $345.51. CACI International has a one year low of $293.69 and a one year high of $406.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.89 and a beta of 0.89.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 EPS for the quarter, topping analysts’ consensus estimates of $5.55 by $0.19. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. CACI International had a net margin of 5.37% and a return on equity of 13.97%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.92 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CACI. Bank of New York Mellon Corp grew its position in shares of CACI International by 3.6% in the 3rd 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. Vaughan Nelson Investment Management L.P. grew its holdings in shares of CACI International by 0.8% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 145,141 shares of the information technology services provider’s stock worth $45,563,000 after purchasing an additional 1,139 shares during the last quarter. California Public Employees Retirement System increased its position in shares of CACI International by 0.5% during the third quarter. California Public Employees Retirement System now owns 129,405 shares of the information technology services provider’s stock worth $40,624,000 after purchasing an additional 630 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of CACI International by 21.4% during the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 82,741 shares of the information technology services provider’s stock worth $31,345,000 after purchasing an additional 14,602 shares in the last quarter. Finally, Ophir Asset Management Pty Ltd lifted its holdings in shares of CACI International by 12.9% in the 4th 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 purchasing an additional 7,596 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

Insider Buying and Selling at CACI International

In related news, Director Gregory G. Johnson sold 150 shares of the business’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 completion of the transaction, the director now directly owns 6,446 shares of the company’s stock, valued at approximately $2,331,453.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory G. Johnson sold 150 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $361.69, for a total transaction of $54,253.50. Following the completion of the sale, the director now owns 6,446 shares in the company, valued at $2,331,453.74. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by corporate insiders.

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.