CACI International (NYSE:CACI) Reaches New 52-Week High at $383.37

CACI International Inc (NYSE:CACI - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $383.37 and last traded at $383.32, with a volume of 15955 shares traded. The stock had previously closed at $376.08.

Analyst Upgrades and Downgrades

CACI has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of CACI International from $375.00 to $383.00 and gave the stock an "overweight" rating in a report on Tuesday, February 6th. Truist Financial lifted their price objective on CACI International from $385.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, April 9th. StockNews.com cut CACI International from a "buy" rating to a "hold" rating in a research report on Monday, April 15th. Jefferies Financial Group cut CACI International from a "buy" rating to a "hold" rating and decreased their target price for the stock from $375.00 to $350.00 in a report on Wednesday, January 3rd. Finally, Wells Fargo & Company increased their price target on CACI International from $387.00 to $410.00 and gave the company an "overweight" rating in a research note on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $400.82.

CACI International Price Performance

The stock has a market cap of $8.52 billion, a P/E ratio of 23.07, a PEG ratio of 1.84 and a beta of 0.89. The company has a 50 day simple moving average of $370.77 and a 200 day simple moving average of $343.90. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53.

CACI International (NYSE:CACI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $4.36 EPS for the quarter, missing the consensus estimate of $4.50 by ($0.14). The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. CACI International had a net margin of 5.31% and a return on equity of 13.65%. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.28 earnings per share. Sell-side analysts forecast that CACI International Inc will post 20.27 earnings per share for the current fiscal year.

Insider Activity at CACI International

In related news, Director Gregory G. Johnson sold 150 shares of CACI International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $361.69, for a total value of $54,253.50. Following the transaction, the director now directly owns 6,446 shares of the company's stock, valued at $2,331,453.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Gregory G. Johnson sold 150 shares of CACI International stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $361.69, for a total value of $54,253.50. Following the completion of the transaction, the director now directly owns 6,446 shares of the company's stock, valued at approximately $2,331,453.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the transaction, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On CACI International

A number of institutional investors have recently modified their holdings of CACI. Covestor Ltd increased its stake in CACI International by 9.1% during the 3rd quarter. Covestor Ltd now owns 540 shares of the information technology services provider's stock valued at $170,000 after purchasing an additional 45 shares in the last quarter. Eagle Bay Advisors LLC lifted its position in CACI International by 91.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider's stock valued at $43,000 after acquiring an additional 63 shares in the last quarter. Essex Financial Services Inc. boosted its stake in CACI International by 10.4% during the 4th quarter. Essex Financial Services Inc. now owns 1,059 shares of the information technology services provider's stock valued at $343,000 after purchasing an additional 100 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in CACI International by 12.7% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 1,901 shares of the information technology services provider's stock worth $616,000 after purchasing an additional 214 shares in the last quarter. Finally, Zions Bancorporation N.A. lifted its holdings in shares of CACI International by 7.7% in the third quarter. Zions Bancorporation N.A. now owns 4,052 shares of the information technology services provider's stock valued at $1,272,000 after purchasing an additional 289 shares in the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Company Profile

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.