CACI International (NYSE:CACI) Shares Up 4.6% on Strong Earnings

CACI International Inc (NYSE:CACI)’s share price shot up 4.6% during trading on Thursday following a better than expected earnings announcement. The company traded as high as $403.85 and last traded at $396.84. 53,593 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 121,172 shares. The stock had previously closed at $379.38.

The information technology services provider reported $5.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.55 by $0.19. CACI International had a net margin of 5.37% and a return on equity of 13.97%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $4.92 EPS. CACI International’s revenue for the quarter was up 11.1% compared to the same quarter last year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CACI. Wells Fargo & Company increased their price target on shares of CACI International from $387.00 to $410.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Robert W. Baird increased their price objective on shares of CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Truist Financial boosted their target price on shares of CACI International from $385.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Stifel Nicolaus increased 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. Finally, Jefferies Financial Group lowered CACI International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $375.00 to $350.00 in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, CACI International has a consensus rating of “Moderate Buy” and an average target price of $400.82.

Insider Buying and Selling

In other news, Director Gregory G. Johnson sold 150 shares of CACI International stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $361.69, for a total value of $54,253.50. Following the sale, the director now owns 6,446 shares in the company, valued at $2,331,453.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 23,385 shares of the company’s stock, valued at approximately $8,827,369.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gregory G. Johnson sold 150 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $361.69, for a total value of $54,253.50. Following the completion of 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. 1.23% of the stock is owned by insiders.

Institutional Investors Weigh In On CACI International

A number of large investors have recently modified their holdings of CACI. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of CACI International in the fourth quarter valued at approximately $18,360,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of CACI International during the 3rd quarter worth $12,950,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of CACI International during the 3rd quarter valued at about $12,267,000. Bank of New York Mellon Corp boosted its position in shares of CACI International by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 680,633 shares of the information technology services provider’s stock valued at $213,671,000 after acquiring an additional 23,521 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd boosted its holdings in CACI International by 12.9% in the 4th quarter. Ophir Asset Management Pty Ltd now owns 66,359 shares of the information technology services provider’s stock valued at $21,491,000 after purchasing an additional 7,596 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

CACI International Stock Performance

The firm’s 50 day moving average price is $373.20 and its two-hundred day moving average price is $345.51. The firm has a market cap of $9.02 billion, a PE ratio of 23.37, a PEG ratio of 1.89 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.32.

About CACI International

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.