CACI International (NYSE:CACI) Trading 7.2% Higher After Strong Earnings

Shares of CACI International Inc (NYSE:CACI) traded up 7.2% during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $570.28 and last traded at $562.00. 18,586 shares changed hands during trading, a decline of 83% from the average session volume of 110,527 shares. The stock had previously closed at $524.10.

The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $0.86. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.92 billion. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $4.36 EPS.

Analysts Set New Price Targets

CACI has been the topic of a number of recent analyst reports. Barclays increased their price objective on shares of CACI International from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. increased their price objective on shares of CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Truist Financial increased their price objective on shares of CACI International from $500.00 to $520.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. TD Cowen increased their price objective 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. Finally, Raymond James downgraded shares of CACI International from an “outperform” rating to a “market perform” rating in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, CACI International has an average rating of “Moderate Buy” and a consensus target price of $485.60.

Insider Activity

In other news, insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the transaction, the insider now directly owns 35,538 shares in the company, valued at approximately $17,499,266.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the transaction, the insider now directly owns 35,538 shares in the company, valued at approximately $17,499,266.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP J William Koegel, Jr. sold 970 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $483.27, for a total transaction of $468,771.90. Following the transaction, the executive vice president now owns 22,651 shares in the company, valued at approximately $10,946,548.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,270 shares of company stock worth $10,165,972. Corporate insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On CACI International

Several institutional investors have recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in CACI International by 81.4% in the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 35 shares in the last quarter. Covestor Ltd boosted its stake in CACI International by 8.9% in the first quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock valued at $237,000 after acquiring an additional 51 shares in the last quarter. Versant Capital Management Inc boosted its stake in CACI International by 900.0% in the second quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock valued at $43,000 after acquiring an additional 90 shares in the last quarter. Kendall Capital Management boosted its stake in CACI International by 8.9% in the second quarter. Kendall Capital Management now owns 1,219 shares of the information technology services provider’s stock valued at $524,000 after acquiring an additional 100 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its stake in CACI International by 35.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock valued at $174,000 after acquiring an additional 105 shares in the last quarter. 86.43% of the stock is currently owned by institutional investors and hedge funds.

CACI International Trading Up 5.4 %

The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 2.22 and a beta of 0.93. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.42. The company’s 50 day simple moving average is $495.16 and its two-hundred day simple moving average is $449.05.

About CACI International

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.