CACI International (NYSE:CACI) Reaches New 52-Week High After Analyst Upgrade

CACI International Inc (NYSE:CACI) hit a new 52-week high during mid-day trading on Monday after TD Cowen raised their price target on the stock from $400.00 to $435.00. TD Cowen currently has a buy rating on the stock. CACI International traded as high as $419.26 and last traded at $419.24, with a volume of 5262 shares changing hands. The stock had previously closed at $414.95.

A number of other equities research analysts also recently issued reports on CACI. StockNews.com upgraded CACI International from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group increased their price target on CACI International from $379.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Barclays lifted their price objective on shares of CACI International from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Robert W. Baird increased their target price on shares of CACI International from $370.00 to $464.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Truist Financial raised their target price on shares of CACI International from $385.00 to $410.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $415.45.

Insider Buying and Selling

In related news, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Gregory G. Johnson sold 150 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $361.69, for a total transaction of $54,253.50. Following the sale, the director now owns 6,446 shares of the company’s stock, valued at $2,331,453.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was 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 of the company’s stock, valued at $8,827,369.80. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CACI. Mitsubishi UFJ Asset Management UK Ltd. increased its holdings in shares of CACI International by 25.0% during the first quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 2,500 shares of the information technology services provider’s stock valued at $947,000 after acquiring an additional 500 shares in the last quarter. SG Americas Securities LLC increased its stake in CACI International by 418.0% during the 1st quarter. SG Americas Securities LLC now owns 4,522 shares of the information technology services provider’s stock valued at $1,713,000 after purchasing an additional 3,649 shares in the last quarter. Mawer Investment Management Ltd. raised its holdings in shares of CACI International by 58.1% in the first quarter. Mawer Investment Management Ltd. now owns 17,032 shares of the information technology services provider’s stock worth $6,452,000 after buying an additional 6,258 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of CACI International during the first quarter worth $1,069,000. Finally, BNP Paribas purchased a new stake in shares of CACI International during the first quarter valued at $1,191,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.

CACI International Stock Performance

The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 1.97 and a beta of 0.85. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average of $379.46 and a 200-day moving average of $349.40.

CACI International (NYSE:CACI) last issued its earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.19. The firm 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 13.80%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $4.92 earnings per share. As a group, sell-side analysts predict that CACI International Inc will post 20.36 earnings per share for the current 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.