CACI International (NYSE:CACI) Hits New 1-Year High – What’s Next?

CACI International Inc (NYSE:CACI) shares reached 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 traded. The stock had previously closed at $564.94.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Bank of America raised their price objective on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Raymond James downgraded CACI International from an “outperform” rating to a “market perform” rating in a research note on Monday, August 5th. Barclays increased their price objective on shares of CACI International from $500.00 to $610.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Robert W. Baird lifted 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. Finally, TD Cowen upped their price target on shares of CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $545.70.

CACI International Stock Performance

The stock’s 50-day moving average is $512.10 and its 200-day moving average is $462.15. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 2.17 and a beta of 0.91.

CACI International (NYSE:CACI) last issued its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 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 the consensus estimate of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.36 EPS. On average, analysts expect that CACI International Inc will post 23.3 EPS for the current year.

Insider Buying and Selling

In other news, insider Gregory R. Bradford sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $492.41, for a total value of $4,924,100.00. Following the completion of the transaction, the insider now directly owns 35,538 shares in the company, valued at approximately $17,499,266.58. 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 can be accessed through this link. In other news, insider Gregory R. Bradford sold 10,000 shares of CACI International stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the sale, the insider now directly owns 35,538 shares of the company’s stock, valued at approximately $17,499,266.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory G. Johnson sold 300 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total value of $141,300.00. Following the completion of the transaction, the director now owns 5,910 shares in the company, valued at approximately $2,783,610. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,270 shares of company stock valued at $10,165,972. Corporate insiders own 1.35% of the company’s stock.

Institutional Trading of CACI International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. grew its holdings in CACI International by 40.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 18 shares in the last quarter. UMB Bank n.a. grew its stake in CACI International by 81.4% in the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 35 shares in the last quarter. Versant Capital Management Inc increased its holdings in CACI International by 900.0% in the second quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock valued at $43,000 after buying an additional 90 shares during the last quarter. Coastline Trust Co bought a new stake in CACI International in the third quarter valued at about $45,000. Finally, Rosenberg Matthew Hamilton raised its stake in CACI International by 9.8% during the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 19 shares in the last quarter. Institutional investors 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.