CACI International (NYSE:CACI) Reaches New 12-Month High Following Analyst Upgrade
CACI International (NYSE:CACI) reached a new 52-week high after TD Cowen raised their price target on the stock. Several research analysts have also issued positive reports on CACI. Insiders have sold shares, and institutional investors have modified their holdings. The stock's market capitalization is $9.82 billion, with a PE ratio of 25.08. The stock price has risen by 1.4%.
CACI International Inc (NYSE:CACI - Get Free Report) shares reached a new 52-week high during trading on Friday after TD Cowen raised their price target on the stock from $435.00 to $480.00. TD Cowen currently has a buy rating on the stock. CACI International traded as high as $441.08 and last traded at $441.08, with a volume of 15734 shares changing hands. The stock had previously closed at $434.11.
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Several other research analysts have also issued reports on CACI. The Goldman Sachs Group upped their target price on shares of CACI International from $379.00 to $425.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price target on shares of CACI International from $383.00 to $458.00 and gave the company an "overweight" rating in a research report on Wednesday. Robert W. Baird upped their price target on shares of CACI International from $370.00 to $464.00 and gave the company an "outperform" rating in a research report on Monday, April 8th. Barclays upped their price target on shares of CACI International from $400.00 to $450.00 and gave the company an "overweight" rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus upped their price target on shares of CACI International from $390.00 to $430.00 and gave the company a "buy" rating in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $434.55.
View Our Latest Report on CACI International
Insider Buying and Selling
In other CACI International news, CFO Jeffrey D. Maclauchlan sold 1,900 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $427.50, for a total value of $812,250.00. Following the transaction, the chief financial officer now directly owns 519 shares in the company, valued at $221,872.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CACI International news, Director William L. Jews sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $428.57, for a total value of $857,140.00. Following the transaction, the director now directly owns 6,825 shares in the company, valued at $2,924,990.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey D. Maclauchlan sold 1,900 shares of the firm's stock in a transaction on Monday, May 13th. The shares were sold at an average price of $427.50, for a total transaction of $812,250.00. Following the sale, the chief financial officer now owns 519 shares in the company, valued at $221,872.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,100 shares of company stock worth $1,755,028. 1.23% of the stock is owned by insiders.
Institutional Trading of CACI International
Several institutional investors and hedge funds have recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH bought a new stake in CACI International in the 4th quarter valued at $18,360,000. Lord Abbett & CO. LLC bought a new stake in CACI International in the 1st quarter valued at $18,271,000. Van ECK Associates Corp increased its holdings in CACI International by 293.2% in the 1st quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider's stock valued at $18,182,000 after acquiring an additional 35,788 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in CACI International by 65.2% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 68,139 shares of the information technology services provider's stock valued at $22,067,000 after acquiring an additional 26,887 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of CACI International by 147.5% in the 1st quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider's stock worth $13,243,000 after buying an additional 20,835 shares in the last quarter. 86.43% of the stock is currently owned by institutional investors.
CACI International Stock Up 1.4 %
The firm has a market capitalization of $9.82 billion, a PE ratio of 25.08, a PEG ratio of 1.81 and a beta of 0.92. The business's 50 day simple moving average is $426.55 and its 200 day simple moving average is $382.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.48.
CACI International (NYSE:CACI - Get Free Report) last posted its earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 EPS for the quarter, beating analysts' consensus estimates of $5.55 by $0.19. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the prior year, the company posted $4.92 earnings per share. CACI International's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts forecast that CACI International Inc will post 20.32 earnings per share for the current year.
About CACI International
(Get Free Report)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.
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