CACI International (NYSE:CACI) Sees Strong Trading Volume – Should You Buy?

CACI International Inc (NYSE:CACI) saw strong trading volume on Thursday . 197,875 shares traded hands during trading, an increase of 73% from the previous session’s volume of 114,660 shares.The stock last traded at $508.94 and had previously closed at $542.36.

Analyst Ratings Changes

Several brokerages have recently weighed in on CACI. The Goldman Sachs Group upped their target price on CACI International from $471.00 to $520.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Barclays upped their price target on CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday. Robert W. Baird lifted their price objective on shares of CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Truist Financial restated a “buy” rating and issued a $650.00 target price (up from $520.00) on shares of CACI International in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their target price on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $547.20.

CACI International Stock Performance

The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 2.21 and a beta of 0.91. The company has a 50-day moving average price of $518.48 and a 200-day moving average price of $467.52.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.85. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.36 earnings per share. As a group, equities research analysts forecast that CACI International Inc will post 23.43 earnings per share for the current year.

Insiders Place Their Bets

In other CACI International news, Director Gregory G. Johnson sold 300 shares of CACI International stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total value of $141,300.00. Following the transaction, the director now owns 5,910 shares in the company, valued at approximately $2,783,610. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Gregory G. Johnson sold 300 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total value of $141,300.00. Following the completion of the transaction, the director now owns 5,910 shares in the company, valued at $2,783,610. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John S. Mengucci sold 10,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $463.18, for a total value of $4,631,800.00. Following the sale, the chief executive officer now owns 91,368 shares in the company, valued at approximately $42,319,830.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,270 shares of company stock worth $10,165,972. 1.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CACI. First Horizon Advisors Inc. increased its stake in shares of CACI International by 40.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 18 shares during the last quarter. UMB Bank n.a. raised its holdings in CACI International by 81.4% during the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock valued at $39,000 after buying an additional 35 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of CACI International by 900.0% in the second quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock worth $43,000 after buying an additional 90 shares during the last quarter. Coastline Trust Co bought a new stake in shares of CACI International during the 3rd quarter worth about $45,000. Finally, Rosenberg Matthew Hamilton increased its holdings in shares of CACI International by 9.8% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock valued at $107,000 after acquiring an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

About CACI International

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.