CACI International (NYSE:CACI) Sets New 12-Month High – Here’s Why

Shares of CACI International Inc (NYSE:CACI) reached a new 52-week high during trading on Monday . The stock traded as high as $536.54 and last traded at $533.45, with a volume of 13000 shares traded. The stock had previously closed at $531.29.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CACI. Bank of America raised their price objective on shares of CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. 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 report on Wednesday, October 2nd. Truist Financial boosted their target price on shares of CACI International from $500.00 to $520.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Raymond James downgraded shares of CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Finally, TD Cowen raised their price objective on shares of CACI International from $435.00 to $480.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Three investment 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 stock has a consensus rating of “Moderate Buy” and an average target price of $485.60.

CACI International Stock Up 0.2 %

The firm has a market capitalization of $11.87 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.93. The firm’s 50-day moving average is $489.54 and its 200 day moving average is $445.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.27.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.93 by $0.68. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.93 billion. CACI International had a return on equity of 14.31% and a net margin of 5.48%. CACI International’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.30 EPS. As a group, research analysts forecast that CACI International Inc will post 23 earnings per share for the current fiscal year.

Insider Activity at CACI International

In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the sale, the chief executive officer now directly owns 91,368 shares of the company’s stock, valued at $42,319,830.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the sale, the chief executive officer now owns 91,368 shares in the company, valued at $42,319,830.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP J William Koegel, Jr. sold 970 shares of CACI International stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $483.27, for a total value of $468,771.90. Following the completion of the sale, the executive vice president now directly owns 22,651 shares of the company’s stock, valued at approximately $10,946,548.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,270 shares of company stock valued at $10,165,972 over the last quarter. Insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On CACI International

Several hedge funds have recently modified their holdings of the stock. UMB Bank n.a. increased its position 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 worth $39,000 after purchasing an additional 35 shares during the last quarter. Versant Capital Management Inc boosted its holdings in 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 valued at $43,000 after acquiring an additional 90 shares during the last quarter. GPS Wealth Strategies Group LLC grew its position in CACI International by 35.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock valued at $174,000 after acquiring an additional 105 shares during the period. Covestor Ltd increased its stake in CACI International by 8.9% during the first quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock worth $237,000 after acquiring an additional 51 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in CACI International during the first quarter worth about $293,000. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Company Profile

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.