CACI International (NYSE:CACI) Hits New 52-Week High Following Analyst Upgrade

Shares of CACI International Inc (NYSE:CACI) hit a new 52-week high during mid-day 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 trading hands. The stock had previously closed at $414.95.

CACI has been the topic of several other reports. JPMorgan Chase & Co. lifted their price objective on CACI International from $375.00 to $383.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. StockNews.com raised shares of CACI International from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Robert W. Baird raised their price target on shares of CACI International from $370.00 to $464.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. The Goldman Sachs Group lifted their target price on CACI International from $379.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Finally, Truist Financial upped their target price on shares of CACI International from $385.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $415.45.

Insider Transactions at CACI International

In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the sale, the executive vice president now directly 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 through this hyperlink. In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the sale, the executive vice president now owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gregory G. Johnson sold 150 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $361.69, for a total transaction of $54,253.50. Following the completion of the transaction, the director now directly owns 6,446 shares of the company’s stock, valued at $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

Several hedge funds have recently added to or reduced their stakes in CACI. Covestor Ltd grew its stake in shares of CACI International by 9.1% in the 3rd quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock valued at $170,000 after buying an additional 45 shares during the period. Eagle Bay Advisors LLC increased its stake in CACI International by 91.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock worth $43,000 after acquiring an additional 63 shares during the last quarter. Essex Financial Services Inc. grew its holdings in shares of CACI International by 10.4% during the 4th quarter. Essex Financial Services Inc. now owns 1,059 shares of the information technology services provider’s stock worth $343,000 after purchasing an additional 100 shares during the period. Campbell & CO Investment Adviser LLC raised its stake in shares of CACI International by 12.7% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 1,901 shares of the information technology services provider’s stock valued at $616,000 after acquiring an additional 214 shares during the period. Finally, Zions Bancorporation N.A. boosted its position in shares of CACI International by 7.7% during the 3rd quarter. Zions Bancorporation N.A. now owns 4,052 shares of the information technology services provider’s stock worth $1,272,000 after purchasing an additional 289 shares during the period. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Stock Up 2.1 %

The business has a 50 day simple moving average of $377.37 and a 200 day simple moving average of $348.09. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.97 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.28 and a quick ratio of 1.28.

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