CACI International (NYSE:CACI) Trading 4% Higher – Still a Buy?

CACI International, Inc. (NYSE:CACI) rose 4% during trading on Friday . The stock traded as high as $507.34 and last traded at $499.9450. Approximately 15,560 shares were traded during mid-day trading, a decline of 95% from the average session volume of 291,154 shares. The stock had previously closed at $480.61.

Wall Street Analysts Forecast Growth

CACI has been the topic of several recent analyst reports. Citigroup decreased their price objective on shares of CACI International from $555.00 to $519.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. Weiss Ratings cut shares of CACI International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. Wells Fargo & Company began coverage on shares of CACI International in a research report on Wednesday, April 1st. They set an “overweight” rating and a $275.00 price target for the company. TD Cowen decreased their price target on shares of CACI International from $625.00 to $550.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Finally, BNP Paribas Exane started coverage on CACI International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $550.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, CACI International presently has a consensus rating of “Moderate Buy” and a consensus price target of $609.09.

CACI International Stock Performance

The company has a market cap of $10.78 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 1.51 and a beta of 0.54. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $490.49 and its 200 day simple moving average is $546.60.

CACI International (NYSE:CACI) last issued its earnings results on Wednesday, April 22nd. The information technology services provider reported $7.27 earnings per share for the quarter, topping the consensus estimate of $7.09 by $0.18. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.36 billion. CACI International had a return on equity of 15.90% and a net margin of 5.86%.The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.23 EPS. As a group, analysts anticipate that CACI International, Inc. will post 28.1 earnings per share for the current year.

Hedge Funds Weigh In On CACI International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bogart Wealth LLC increased its holdings in shares of CACI International by 2,350.0% during the 1st quarter. Bogart Wealth LLC now owns 49 shares of the information technology services provider’s stock worth $27,000 after buying an additional 47 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of CACI International during the 4th quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CACI International in the second quarter valued at approximately $32,000. Eagle Bay Advisors LLC acquired a new position in CACI International in the fourth quarter valued at approximately $35,000. Finally, V Square Quantitative Management LLC purchased a new position in CACI International in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 86.43% of the company’s stock.

CACI International Company Profile

CACI International Inc is a leading provider of information solutions and services to the U.S. federal government, with a primary focus on defense, intelligence, homeland security and federal civilian agencies. The company delivers advanced technology and domain expertise to support mission-critical operations, offering capabilities in areas such as data analytics, cyber security, network integration, enterprise IT modernization and logistics support. By integrating software, hardware and professional services, CACI helps clients enhance situational awareness, improve decision making and maintain critical infrastructure resilience.

Founded in 1962 and headquartered in Arlington, Virginia, CACI has evolved from a small consulting operation into a global enterprise.