CACI International (NYSE:CACI) Sets New 52-Week High – What’s Next?

Shares of CACI International Inc (NYSE:CACI) reached a new 52-week high on Tuesday . The company traded as high as $530.24 and last traded at $527.21, with a volume of 5767 shares changing hands. The stock had previously closed at $528.05.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CACI shares. TD Cowen upped their price target 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. JPMorgan Chase & Co. upped their target price on shares of CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Bank of America lifted their price target on CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Truist Financial upped their price objective on CACI International from $500.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, Raymond James cut CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, CACI International has an average rating of “Moderate Buy” and an average price target of $485.60.

CACI International Stock Down 0.2 %

The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42. The company has a 50-day simple moving average of $486.77 and a 200 day simple moving average of $442.84. The company has a market cap of $11.73 billion, a P/E ratio of 30.40, a P/E/G ratio of 2.22 and a beta of 0.93.

CACI International (NYSE:CACI) last issued 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 during the quarter, compared to analyst estimates of $1.93 billion. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The business’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.30 earnings per share. On average, equities analysts anticipate that CACI International Inc will post 23 EPS for the current year.

Insider Activity

In related news, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 91,368 shares of the company’s stock, valued at $42,319,830.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Gregory G. Johnson sold 300 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total value of $141,300.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 91,368 shares in the company, valued at approximately $42,319,830.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,270 shares of company stock valued at $10,165,972. Corporate insiders own 1.23% of the company’s stock.

Institutional Trading of CACI International

A number of hedge funds have recently bought and sold shares of CACI. Lord Abbett & CO. LLC bought a new position in shares of CACI International in the 1st quarter worth $18,271,000. Van ECK Associates Corp raised its holdings in CACI International by 293.2% in the first quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider’s stock worth $18,182,000 after purchasing an additional 35,788 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of CACI International by 147.5% during the first quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider’s stock valued at $13,243,000 after buying an additional 20,835 shares during the last quarter. M&R Capital Management Inc. boosted its holdings in shares of CACI International by 487.2% in the 2nd quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider’s stock valued at $7,282,000 after buying an additional 14,047 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of CACI International by 26.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock worth $21,043,000 after buying an additional 10,295 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

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.