CACI International (NYSE:CACI) Hits New 1-Year High – Still a Buy?

CACI International Inc (NYSE:CACI) hit a new 52-week high on Wednesday . The company traded as high as $516.45 and last traded at $515.91, with a volume of 17372 shares trading hands. The stock had previously closed at $512.36.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CACI. Truist Financial lifted their target price on CACI International from $500.00 to $520.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their target price on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen raised their price target on shares of CACI International from $435.00 to $480.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Raymond James downgraded CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company raised their price objective on shares of CACI International from $525.00 to $577.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, CACI International currently has a consensus rating of “Moderate Buy” and an average target price of $485.60.

CACI International Trading Up 0.7 %

The firm has a market cap of $11.50 billion, a P/E ratio of 29.60, a PEG ratio of 2.11 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a 50 day moving average of $478.61 and a 200 day moving average of $437.17.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.93 by $0.68. CACI International had a return on equity of 14.31% and a net margin of 5.48%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the firm earned $5.30 earnings per share. CACI International’s quarterly revenue was up 19.7% on a year-over-year basis. As a group, equities research analysts predict that CACI International Inc will post 23.07 EPS for the current year.

Insider Activity at CACI International

In related news, Director Gregory G. Johnson sold 300 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total value of $141,300.00. Following the completion of the transaction, the director now directly owns 5,910 shares in the company, valued at $2,783,610. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP J William Koegel, Jr. sold 970 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $483.27, for a total value of $468,771.90. Following the completion of the sale, the executive vice president now directly owns 22,651 shares in the company, valued at $10,946,548.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gregory G. Johnson sold 300 shares of CACI International stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total value of $141,300.00. Following the transaction, the director now owns 5,910 shares in the company, valued at $2,783,610. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,270 shares of company stock valued at $10,165,972 over the last 90 days. Corporate insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On CACI International

A number of institutional investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC bought a new position in CACI International during the first quarter valued at $18,271,000. Van ECK Associates Corp raised its position in CACI International by 293.2% during the first quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider’s stock valued at $18,182,000 after purchasing an additional 35,788 shares during the period. BNP Paribas Financial Markets boosted its holdings 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 purchasing an additional 20,835 shares during the period. M&R Capital Management Inc. increased its position in shares of CACI International by 487.2% during the 2nd quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider’s stock valued at $7,282,000 after purchasing an additional 14,047 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in CACI International by 26.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock valued at $21,043,000 after buying an additional 10,295 shares during the period. 86.43% of the stock is owned by hedge funds and other institutional investors.

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.