CACI International (NYSE:CACI) Reaches New 52-Week High on Analyst Upgrade

CACI International Inc (NYSE:CACI) hit a new 52-week high during trading on Monday after TD Cowen raised their price target on the stock from $400.00 to $435.00. TD Cowen currently has a buy rating on the stock. CACI International traded as high as $419.26 and last traded at $419.24, with a volume of 5262 shares changing hands. The stock had previously closed at $414.95.

A number of other research analysts also recently issued reports on the company. Truist Financial boosted their price target on CACI International from $385.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Wells Fargo & Company boosted their price target on CACI International from $410.00 to $468.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Barclays boosted their price target on CACI International from $400.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Stifel Nicolaus boosted their price target on CACI International from $390.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. upped their target price on CACI International from $375.00 to $383.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $415.45.

Insider Activity

In other news, Director Gregory G. Johnson sold 150 shares of CACI International 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 completion of the sale, the director now owns 6,446 shares of the company’s stock, valued at $2,331,453.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction of $188,740.00. Following the transaction, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gregory G. Johnson sold 150 shares of the business’s stock in a transaction dated 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 owns 6,446 shares in the company, valued at approximately $2,331,453.74. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CACI. Mawer Investment Management Ltd. raised its stake in CACI International by 58.1% during the first quarter. Mawer Investment Management Ltd. now owns 17,032 shares of the information technology services provider’s stock valued at $6,452,000 after buying an additional 6,258 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of CACI International during the 1st quarter valued at about $1,069,000. BNP Paribas acquired a new stake in CACI International during the first quarter worth about $1,191,000. Janney Montgomery Scott LLC boosted its stake in CACI International by 36.6% in the first quarter. Janney Montgomery Scott LLC now owns 6,073 shares of the information technology services provider’s stock valued at $2,301,000 after acquiring an additional 1,628 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of CACI International by 147.5% during the 1st quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider’s stock worth $13,243,000 after purchasing an additional 20,835 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.

CACI International Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a 50 day moving average of $378.46 and a 200 day moving average of $348.74. The stock has a market capitalization of $9.45 billion, a P/E ratio of 24.48, a P/E/G ratio of 1.97 and a beta of 0.85.

CACI International (NYSE:CACI) last released its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.19. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the company earned $4.92 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts predict that CACI International Inc will post 20.36 EPS for the current year.

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.