CACI International (NYSE:CACI) Reaches New 12-Month High Following Analyst Upgrade

Shares of CACI International Inc (NYSE:CACI) reached a new 52-week high on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $520.00 to $555.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. CACI International traded as high as $507.34 and last traded at $507.34, with a volume of 2603 shares traded. The stock had previously closed at $505.62.

Other equities research analysts have also recently issued reports about the company. Raymond James cut CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. TD Cowen upped their price objective on shares of CACI International from $435.00 to $480.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Truist Financial raised their target price on shares of CACI International from $500.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Wells Fargo & Company upped their price target on shares of CACI International from $525.00 to $577.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Barclays lifted their price objective on shares of CACI International from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $485.60.

Insider Buying and Selling

In related news, CEO John S. Mengucci sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $463.18, for a total value of $4,631,800.00. Following the sale, the chief executive officer now owns 91,368 shares in the company, valued at $42,319,830.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the sale, the chief executive officer now directly owns 91,368 shares of the company’s stock, valued at approximately $42,319,830.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP J William Koegel, Jr. sold 970 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $483.27, for a total value of $468,771.90. Following the completion of the transaction, the executive vice president now directly owns 22,651 shares of the company’s stock, valued at approximately $10,946,548.77. The disclosure for this sale can be found here. Insiders sold 21,270 shares of company stock worth $10,165,972 in the last 90 days. Insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On CACI International

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kennedy Capital Management LLC boosted its position in CACI International by 39.9% during the first quarter. Kennedy Capital Management LLC now owns 8,276 shares of the information technology services provider’s stock worth $3,135,000 after purchasing an additional 2,359 shares in the last quarter. SG Americas Securities LLC increased its holdings in CACI International by 418.0% in the 1st quarter. SG Americas Securities LLC now owns 4,522 shares of the information technology services provider’s stock worth $1,713,000 after acquiring an additional 3,649 shares in the last quarter. M&R Capital Management Inc. purchased a new stake in CACI International in the 1st quarter worth $1,092,000. Running Oak Capital LLC raised its position in CACI International by 10.6% during the first quarter. Running Oak Capital LLC now owns 30,101 shares of the information technology services provider’s stock worth $11,403,000 after acquiring an additional 2,883 shares during the period. Finally, BNP Paribas purchased a new position in CACI International during the first quarter valued at $1,191,000. Institutional investors and hedge funds own 86.43% of the company’s stock.

CACI International Trading Up 1.3 %

The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 2.11 and a beta of 0.93. The company’s 50-day moving average price is $473.87 and its 200-day moving average price is $432.77. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.42.

CACI International (NYSE:CACI) last posted its quarterly earnings data on Wednesday, August 7th. The information technology services provider reported $6.61 EPS for the quarter, topping the consensus estimate of $5.93 by $0.68. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.93 billion. CACI International had a return on equity of 14.31% and a net margin of 5.48%. CACI International’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business earned $5.30 EPS. Equities analysts expect that CACI International Inc will post 23.07 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.