CACI International Inc (NYSE:CACI – Get Free Report) achieved a new 52-week high on Thursday after the company reported better-than-expected quarterly results. Shares rose to as high as $467.88 and were last seen trading at $465.59 on volume of 17,037 shares. The stock had previously closed at $447.02.
The information technology services provider reported earnings per share of $6.61 for the quarter, beating the consensus estimate of $5.90 by $0.71. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.93 billion. In the same quarter last year, the company reported earnings per share of $5.30. CACI International’s quarterly revenue grew 19.7% year-over-year.
Wall Street analysts comment
Several equities analysts have recently commented on the company. Goldman Sachs Group increased their price target on CACI International from $379.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Stifel Nicolaus increased their price target on CACI International from $390.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. TD Cowen increased their price target on CACI International from $435.00 to $480.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Truist Financial increased their price target on shares of CACI International from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, StockNews.com upgraded CACI International from a “hold” rating to a “buy” rating in a research note on Thursday, April 25. Three analysts have rated the stock with a “hold” rating and ten have given a “buy” rating. The stock currently has an average rating of “Moderate Buy” and a consensus price target of $434.55, according to data from MarketBeat.com.
Read our latest research report on CACI
Insider activities at CACI International
In related news, Director Gregory G. Johnson sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, June 12. The shares were sold at an average price of $428.19, for a total transaction of $85,638.00. Following the completion of the transaction, the director now directly owns 6,078 shares of the company’s stock, valued at $2,602,538.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Gregory G. Johnson sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, June 12. The shares were sold at an average price of $428.19, for a total transaction of $85,638.00. Following the completion of the transaction, the director now directly owns 6,078 shares of the company’s stock, valued at $2,602,538.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William L. Jews sold 2,000 shares of the company’s stock on Tuesday, May 28. The shares were sold at an average price of $428.57, for a total value of $857,140.00. Following the sale, the director now directly owns 6,825 shares of the company’s stock, valued at $2,924,990.25. The disclosure for this sale can be found here. Insiders sold a total of 4,100 shares of the company’s stock during the last quarter, valued at $1,755,028. Company insiders own 1.23% of the company’s stock.
Institutional trading by CACI International
Several institutional investors have recently made changes to their positions in the company. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of 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 worth $22,067,000 after acquiring an additional 26,887 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of CACI International by 43.5% in the 4th quarter. BNP Paribas Financial Markets now owns 14,123 shares of the information technology services provider’s stock worth $4,574,000 after acquiring an additional 4,283 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in shares of CACI International by 39.9% in the first quarter. Kennedy Capital Management LLC now owns 8,276 shares of the information technology services provider’s stock valued at $3,135,000 after acquiring an additional 2,359 shares during the period. SG Americas Securities LLC grew its position 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 valued at $1,713,000 after acquiring an additional 3,649 shares during the period. Finally, M&R Capital Management Inc. acquired a new stake in CACI International in the 1st quarter valued at $1,092,000. Institutional investors own 86.43% of the company’s stock.
CACI International shares rise 0.3%
The company has a debt to equity ratio of 0.48, a current debt ratio of 1.28 and a current liabilities ratio of 1.28. The stock has a market cap of $10.30 billion, a P/E ratio of 26.68, a price to earnings growth ratio of 1.95 and a beta of 0.92. The company’s 50-day average price is $437.55 and its 200-day average price is $400.98.
CACI International Company Profile
(Get free report)
CACI International Inc., together with its subsidiaries, provides expertise and technology to corporate and mission customers to support national security missions and government modernization/transformation in the intelligence, defense, and federal civilian agencies. The company operates in two segments: Domestic Business and International Business.
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