CACI International (NYSE:CACI) Reaches New 52-Week High on Analyst Upgrade

CACI International Inc (NYSE:CACI) shares reached a new 52-week high on Monday after TD Cowen raised their price target on the stock from $400.00 to $435.00. TD Cowen currently has a buy rating on the stock. CACI International traded as high as $419.26 and last traded at $419.24, with a volume of 5262 shares. The stock had previously closed at $414.95.

Several other brokerages also recently commented on CACI. Barclays increased their target price on shares of CACI International from $400.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Wells Fargo & Company increased their price target on shares of CACI International from $410.00 to $468.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. increased their price target on shares of CACI International from $375.00 to $383.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. StockNews.com upgraded shares of CACI International from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. Finally, Truist Financial increased their target price on shares of CACI International from $385.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $415.45.

Insider Transactions at CACI International

In related news, Director Gregory G. Johnson sold 150 shares of CACI International 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 transaction, the director now owns 6,446 shares in the company, valued at approximately $2,331,453.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the business’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 transaction, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory G. Johnson sold 150 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $361.69, for a total value of $54,253.50. Following the completion of the sale, the director now 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. Insiders own 1.20% of the company’s stock.

Institutional Trading of CACI International

Large investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in CACI International during the 3rd quarter valued at $2,099,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of CACI International in the third quarter worth approximately $12,950,000. Mitsubishi UFJ Asset Management UK Ltd. bought a new position in CACI International in the 3rd quarter worth $628,000. California Public Employees Retirement System lifted its position in shares of CACI International by 0.5% in the third quarter. California Public Employees Retirement System now owns 129,405 shares of the information technology services provider’s stock valued at $40,624,000 after acquiring an additional 630 shares in the last quarter. Finally, Zions Bancorporation N.A. increased its position in CACI International by 7.7% in the third quarter. Zions Bancorporation N.A. now owns 4,052 shares of the information technology services provider’s stock worth $1,272,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 86.43% of the company’s stock.

CACI International Stock Up 2.1 %

The firm has a market cap of $9.45 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 1.97 and a beta of 0.85. The company’s 50-day simple moving average is $378.46 and its 200 day simple moving average is $348.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.28 and a quick ratio of 1.28.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.19. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. CACI International had a return on equity of 13.80% and a net margin of 5.37%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.92 earnings per share. Research analysts anticipate that CACI International Inc will post 20.36 EPS for the current fiscal year.

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.