CACI International (NYSE:CACI) Sees Unusually-High Trading Volume – Still a Buy?

CACI International Inc (NYSE:CACI) shares saw an uptick in trading volume on Wednesday . 537,824 shares traded hands during mid-day trading, an increase of 178% from the previous session’s volume of 193,200 shares.The stock last traded at $360.29 and had previously closed at $353.02.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. TD Cowen reduced their price target on shares of CACI International from $610.00 to $480.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Raymond James reissued an “outperform” rating and set a $490.00 price target (up from $475.00) on shares of CACI International in a research note on Thursday, January 23rd. Jefferies Financial Group raised CACI International from a “hold” rating to a “buy” rating and set a $515.00 price objective on the stock in a report on Thursday, January 16th. Barclays lifted their target price on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group lowered CACI International from a “neutral” rating to a “sell” rating and cut their price target for the company from $540.00 to $373.00 in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CACI International has a consensus rating of “Moderate Buy” and a consensus price target of $521.92.

CACI International Trading Up 8.0 %

The company has a market capitalization of $8.70 billion, a P/E ratio of 18.19, a PEG ratio of 1.01 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 1.52. The business’s 50-day moving average price is $388.07 and its two-hundred day moving average price is $452.50.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share for the quarter, topping the consensus estimate of $5.28 by $0.67. CACI International had a return on equity of 15.30% and a net margin of 5.90%. As a group, analysts forecast that CACI International Inc will post 23.94 EPS for the current fiscal year.

Institutional Investors Weigh In On CACI International

A number of hedge funds and other institutional investors have recently made changes to their positions in CACI. First Horizon Advisors Inc. increased its holdings in 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 in the last quarter. UMB Bank n.a. grew its holdings in shares of CACI International by 37.2% during the fourth quarter. UMB Bank n.a. now owns 107 shares of the information technology services provider’s stock worth $43,000 after buying an additional 29 shares in the last quarter. Coastline Trust Co acquired a new stake in CACI International in the 3rd quarter valued at approximately $45,000. GAMMA Investing LLC lifted its stake in CACI International by 69.4% in the 4th quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock valued at $49,000 after acquiring an additional 50 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new position in CACI International during the 4th quarter worth approximately $69,000. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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.