CACI International (NYSE:CACI) Reaches New 12-Month High – What’s Next?

Shares of CACI International Inc (NYSE:CACI) hit a new 52-week high on Wednesday . The company traded as high as $588.00 and last traded at $588.00, with a volume of 821 shares changing hands. The stock had previously closed at $564.94.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wells Fargo & Company upped their price target on CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Truist Financial reiterated a “buy” rating and set a $650.00 price objective (up from $520.00) on shares of CACI International in a research note on Friday, October 25th. Robert W. Baird increased their target price on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. TD Cowen upped their price objective on shares of CACI International from $545.00 to $570.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Bank of America upped their target price 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. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $545.70.

CACI International Trading Down 0.1 %

The business’s 50-day moving average price is $508.83 and its two-hundred day moving average price is $460.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 2.17 and a beta of 0.91.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $4.36 earnings per share. Research analysts predict that CACI International Inc will post 23.3 earnings per share for the current year.

Insider Activity

In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $463.18, for a total value of $4,631,800.00. Following the completion of the transaction, the chief executive officer now directly owns 91,368 shares in the company, valued at approximately $42,319,830.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP J William Koegel, Jr. sold 970 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 22,651 shares in the company, valued at approximately $10,946,548.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John S. Mengucci sold 10,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly 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. In the last ninety days, insiders sold 21,270 shares of company stock worth $10,165,972. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On CACI International

Several large investors have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC bought a new stake in CACI International in the 1st quarter valued at about $18,271,000. Van ECK Associates Corp lifted its holdings in shares of CACI International by 42.5% in the 3rd quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock worth $60,917,000 after purchasing an additional 34,647 shares in the last quarter. BNP Paribas Financial Markets grew its position in CACI International by 147.5% in the 1st quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider’s stock valued at $13,243,000 after purchasing an additional 20,835 shares during the period. M&R Capital Management Inc. increased its stake in CACI International by 487.2% during 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 purchasing an additional 14,047 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in CACI International by 26.7% during the second 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. Institutional investors and hedge funds own 86.43% of the company’s stock.

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.