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

CACI International Inc (NYSE:CACI)’s stock price hit a new 52-week high on Wednesday after Wells Fargo & Company raised their price target on the stock from $525.00 to $577.00. Wells Fargo & Company 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 trading hands. The stock had previously closed at $505.62.

A number of other equities research analysts have also weighed in on the stock. TD Cowen raised their price objective on shares of CACI International from $435.00 to $480.00 and gave the company a “buy” rating in a report on Friday, July 12th. Barclays increased their target price on CACI International from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Raymond James downgraded CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Bank of America upped their price objective on CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, Truist Financial raised their target price on CACI International from $500.00 to $520.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $475.90.

Insider Activity

In other news, CEO John S. Mengucci sold 10,000 shares of CACI International stock in a transaction on Monday, August 19th. The shares were sold at an average price of $463.18, for a total value of $4,631,800.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the completion of 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 Securities & Exchange Commission, which is available through this link. Also, Director Gregory G. Johnson sold 300 shares of the business’s stock in a transaction dated 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 owns 5,910 shares in the company, valued at approximately $2,783,610. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,270 shares of company stock valued at $10,165,972. 1.23% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CACI International

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc increased its stake in shares of CACI International by 900.0% during the second quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock worth $43,000 after acquiring an additional 90 shares during the period. GPS Wealth Strategies Group LLC increased its position in CACI International by 35.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock worth $174,000 after purchasing an additional 105 shares during the period. Covestor Ltd raised its stake in shares of CACI International by 8.9% during the 1st quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock worth $237,000 after buying an additional 51 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of CACI International in the 2nd quarter valued at approximately $318,000. Finally, LRI Investments LLC purchased a new stake in shares of CACI International in the first quarter valued at approximately $293,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.

CACI International Stock Performance

The stock has a 50 day moving average of $472.70 and a two-hundred day moving average of $432.25. The stock has a market capitalization of $11.31 billion, a PE ratio of 29.19, a P/E/G 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.

CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.93 by $0.68. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the company posted $5.30 EPS. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. Research 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.