CACI International (NYSE:CACI) Shares Up 12.5% Following Earnings Beat

Key Points

• CACI International's stock price surged 12.5% after reporting stronger-than-expected earnings, with an EPS of $6.85 compared to the consensus estimate of $6.20.
• The company's quarterly revenue increased by 11.2% year-over-year, reaching $2.29 billion, exceeding analysts' forecasts of $2.26 billion.
• Analysts have largely upgraded their ratings on CACI, with a majority now rating it as a "Buy," and the average price target set at approximately $561.45.

CACI International, Inc. (NYSE:CACI - Get Free Report) shot up 12.5% during mid-day trading on Thursday following a stronger than expected earnings report. The company traded as high as $584.84 and last traded at $584.93. 33,726 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 370,023 shares. The stock had previously closed at $520.16.

The information technology services provider reported $6.85 EPS for the quarter, topping analysts' consensus estimates of $6.20 by $0.65. The firm had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.26 billion. CACI International had a return on equity of 15.84% and a net margin of 5.79%.The firm's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $5.93 EPS. CACI International has set its FY 2026 guidance at 27.130-28.030 EPS.

Wall Street Analysts Forecast Growth

CACI has been the subject of several recent analyst reports. William Blair upgraded CACI International from a "market perform" rating to an "outperform" rating in a report on Monday, July 7th. The Goldman Sachs Group upgraded CACI International from a "sell" rating to a "buy" rating and lifted their price target for the company from $407.00 to $544.00 in a report on Wednesday, August 13th. Stifel Nicolaus lifted their price target on CACI International from $576.00 to $600.00 and gave the company a "buy" rating in a report on Friday, August 8th. Raymond James Financial reaffirmed a "market perform" rating on shares of CACI International in a research note on Friday, August 8th. Finally, Jefferies Financial Group lowered CACI International from a "buy" rating to a "hold" rating and reduced their price objective for the company from $570.00 to $535.00 in a research note on Wednesday, August 6th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, CACI International presently has an average rating of "Moderate Buy" and an average price target of $561.45.

Insider Buying and Selling

In related news, CEO John S. Mengucci sold 10,175 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $492.82, for a total transaction of $5,014,443.50. Following the transaction, the chief executive officer directly owned 101,536 shares of the company's stock, valued at approximately $50,038,971.52. The trade was a 9.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On CACI International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. River Road Asset Management LLC raised its position in shares of CACI International by 27.0% in the 2nd quarter. River Road Asset Management LLC now owns 365,479 shares of the information technology services provider's stock valued at $168,329,000 after purchasing an additional 77,677 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of CACI International by 22.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 298,615 shares of the information technology services provider's stock valued at $142,346,000 after purchasing an additional 54,905 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of CACI International by 15.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 200,214 shares of the information technology services provider's stock valued at $73,463,000 after purchasing an additional 26,804 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of CACI International by 53.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 59,546 shares of the information technology services provider's stock valued at $28,386,000 after purchasing an additional 20,729 shares in the last quarter. Finally, Peregrine Capital Management LLC acquired a new position in shares of CACI International in the 1st quarter valued at approximately $4,999,000. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Stock Performance

The stock has a 50-day simple moving average of $497.07 and a 200-day simple moving average of $470.99. The company has a market capitalization of $12.80 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 2.01 and a beta of 0.63. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73.

CACI International Company Profile

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.

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