CACI International Inc (NYSE:CACI – Get Free Report) shares reached a new 52-week high during midday trading on Thursday after the company reported better-than-expected quarterly results. The stock rose to as high as $467.88 and was last seen trading at $465.59 on volume of 17,037 shares changing hands. 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. During the same period last year, the company reported earnings per share of $5.30. The company’s revenue for the quarter increased 19.7% compared to the year-ago quarter.
Wall Street analysts comment
Several brokerage firms have recently commented on CACI. Raymond James downgraded CACI International from an “outperform” rating to a “market perform” rating in a report on Monday. Wells Fargo & Company increased their price target on shares of CACI International from $410.00 to $468.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. StockNews.com raised shares of CACI International from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. Barclays increased their price target on shares of CACI International from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus raised their price target on shares of CACI International from $390.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23. Three investment analysts have rated the stock with a “hold” rating and ten have given the company’s stock a “buy” rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $434.55.
Read our latest research report on CACI International
Insider buying and selling at CACI International
In other news, Director William L. Jews sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28. The shares were sold at an average price of $428.57, for a total transaction of $857,140.00. Following the completion of the transaction, the director now directly owns 6,825 shares of the company’s stock, valued at approximately $2,924,990.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Gregory G. Johnson sold 200 shares of CACI International 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 sale, the director now directly owns 6,078 shares of the company’s stock, valued at approximately $2,602,538.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William L. Jews sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28. The shares were sold at an average price of $428.57, for a total transaction of $857,140.00. Following the completion of the transaction, the director now owns 6,825 shares of the company’s stock, valued at approximately $2,924,990.25. The disclosure of this sale can be found here. Insiders have sold a total of 4,100 shares of the company’s stock in the last ninety days, valued at $1,755,028. Company insiders own 1.23% of the company’s stock.
Institutional inflows and outflows
Hedge funds have recently added to or reduced their holdings in the company. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in 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 during the same period. Strs Ohio increased its stake in CACI International by 10.9% in the 4th quarter. Strs Ohio now owns 27,704 shares of the information technology services provider’s stock worth $8,972,000 after acquiring an additional 2,721 shares during the last quarter. Cornerstone Investment Partners LLC increased its stake in CACI International by 62.0% in the 4th quarter. Cornerstone Investment Partners LLC now owns 1,916 shares of the information technology services provider’s stock worth $621,000 after purchasing an additional 733 shares during the same period. Cetera Trust Company NA acquired a new position in CACI International in the 4th quarter worth $308,000. Finally, Van ECK Associates Corp increased its position in CACI International by 55.5% in the 4th quarter. Van ECK Associates Corp now owns 12,207 shares of the information technology services provider’s stock worth $3,953,000 after purchasing an additional 4,357 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.
CACI International price development
The company has a market cap of $10.27 billion, a price to earnings ratio of 26.61, a PEG ratio of 1.95 and a beta of 0.92. The company’s 50-day moving average price is $436.80 and its 200-day moving average price is $400.17. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.48.
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.
See also
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