CACI International (NYSE:CACI) Sets New 12-Month High Following Analyst Upgrade

CACI International Inc (NYSE:CACI) reached a new 52-week high on Tuesday after Stifel Nicolaus raised their price target on the stock from $390.00 to $430.00. Stifel Nicolaus currently has a buy rating on the stock. CACI International traded as high as $383.37 and last traded at $383.32, with a volume of 15955 shares. The stock had previously closed at $376.08.

CACI has been the subject of a number of other reports. Robert W. Baird raised their target price on CACI International from $370.00 to $464.00 and gave the company an “outperform” rating in a report on Monday, April 8th. The Goldman Sachs Group raised their target price on CACI International from $379.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Jefferies Financial Group cut CACI International from a “buy” rating to a “hold” rating and lowered their target price for the company from $375.00 to $350.00 in a report on Wednesday, January 3rd. Wells Fargo & Company raised their target price on CACI International from $387.00 to $410.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, StockNews.com cut CACI International from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.82.

Insider Buying and Selling at CACI International

In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the 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 sale, the executive vice president now 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 Securities & Exchange Commission, which is available through the SEC website. In other news, Director Gregory G. Johnson sold 150 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $361.69, for a total transaction of $54,253.50. Following the sale, the director now owns 6,446 shares of the company’s stock, valued at approximately $2,331,453.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the executive vice president now directly owns 23,385 shares in the company, valued at approximately $8,827,369.80. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CACI International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised 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 worth $213,671,000 after acquiring an additional 23,521 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in CACI International by 0.8% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 145,141 shares of the information technology services provider’s stock worth $45,563,000 after buying an additional 1,139 shares during the last quarter. California Public Employees Retirement System grew its stake in CACI International by 0.5% during the 3rd quarter. California Public Employees Retirement System now owns 129,405 shares of the information technology services provider’s stock worth $40,624,000 after buying an additional 630 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in CACI International by 65.2% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 68,139 shares of the information technology services provider’s stock worth $22,067,000 after buying an additional 26,887 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd grew its stake in CACI International by 12.9% during the 4th quarter. Ophir Asset Management Pty Ltd now owns 66,359 shares of the information technology services provider’s stock worth $21,491,000 after buying an additional 7,596 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

CACI International Stock Down 0.8 %

The business has a 50 day moving average of $371.27 and a 200-day moving average of $344.37. The stock has a market cap of $8.45 billion, a PE ratio of 22.97, a P/E/G ratio of 1.87 and a beta of 0.89. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.14). The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.84 billion. CACI International had a return on equity of 13.65% and a net margin of 5.31%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.28 EPS. Equities research analysts predict that CACI International Inc will post 20.27 EPS 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.