CACI International (NYSE:CACI) Shares Up 4.6% Following Earnings Beat

CACI International Inc (NYSE:CACI) traded up 4.6% on Thursday following a stronger than expected earnings report. The stock traded as high as $403.85 and last traded at $396.84. 53,593 shares changed hands during 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 for the quarter, beating analysts’ consensus estimates of $5.55 by $0.19. CACI International had a net margin of 5.31% and a return on equity of 13.65%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the business earned $4.92 EPS. The company’s revenue was up 11.1% on a year-over-year basis.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of CACI International from $379.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Wells Fargo & Company lifted their price target on shares of CACI International from $387.00 to $410.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. StockNews.com upgraded shares of CACI International from a “hold” rating to a “buy” rating in a research note on Thursday. Stifel Nicolaus lifted their price objective on shares of CACI International from $390.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of CACI International from $375.00 to $383.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, CACI International presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.82.

Insider Buying and Selling

In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were 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 $8,827,369.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were 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 $8,827,369.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory G. Johnson sold 150 shares of the business’s 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 approximately $2,331,453.74. The disclosure for this sale can be found here. 1.23% of the stock is owned by insiders.

Hedge Funds Weigh In On CACI International

A number of institutional investors have recently modified their holdings of CACI. SG Americas Securities LLC raised its position in shares of CACI International by 290.4% in the third quarter. SG Americas Securities LLC now owns 5,228 shares of the information technology services provider’s stock valued at $1,641,000 after buying an additional 3,889 shares during the last quarter. Bank of New York Mellon Corp grew its stake in CACI International by 3.6% during the third 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 buying an additional 23,521 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in CACI International during the third quarter worth approximately $2,099,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of CACI International in the third quarter valued at $12,950,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in shares of CACI International in the third quarter valued at $628,000. Institutional investors and hedge funds own 86.43% of the company’s stock.

CACI International Stock Up 5.8 %

The firm has a market capitalization of $8.94 billion, a PE ratio of 24.32, a P/E/G ratio of 1.90 and a beta of 0.89. The firm’s 50 day moving average price is $371.66 and its two-hundred day moving average price is $344.62. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

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.