CACI International (NYSE:CACI) Sets New 1-Year High at $407.74

CACI International Inc (NYSE:CACI)’s share price hit a new 52-week high on Monday . The stock traded as high as $407.74 and last traded at $406.11, with a volume of 5712 shares changing hands. The stock had previously closed at $404.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group downgraded shares of CACI International from a “buy” rating to a “hold” rating and cut their price target for the company from $375.00 to $350.00 in a report on Wednesday, January 3rd. JPMorgan Chase & Co. upped their price objective on shares of CACI International from $375.00 to $383.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Truist Financial boosted their price target on CACI International from $385.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Robert W. Baird boosted their price target on CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus lifted their target price on shares of CACI International from $390.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $400.82.

CACI International Stock Performance

The stock has a fifty day simple moving average of $373.20 and a two-hundred day simple moving average of $345.62. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 2.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.28 and a current ratio of 1.28.

CACI International (NYSE:CACI) last posted its quarterly earnings data 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 company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. CACI International had a return on equity of 13.80% and a net margin of 5.37%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.92 earnings per share. Analysts expect that CACI International Inc will post 20.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total value of $188,740.00. Following the sale, the executive vice president now directly owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related 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 directly owns 6,446 shares of the company’s stock, valued at approximately $2,331,453.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the sale, the executive vice president now owns 23,385 shares of the company’s stock, valued at approximately $8,827,369.80. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Fort Washington Investment Advisors Inc. OH purchased a new position in CACI International in the fourth quarter valued at about $18,360,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of CACI International during the 3rd quarter worth approximately $12,950,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of CACI International in the 3rd quarter valued at approximately $12,267,000. Bank of New York Mellon Corp grew its holdings in shares of CACI International by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 680,633 shares of the information technology services provider’s stock worth $213,671,000 after purchasing an additional 23,521 shares during the period. 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 worth $21,491,000 after acquiring an additional 7,596 shares during the last quarter. Institutional investors own 86.43% of the company’s stock.

About CACI International

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.