CACI International (NYSE:CACI) Hits New 12-Month High - Time to Buy?

Key Points

• CACI International shares reached a new 52-week high, trading as high as $689.15 and closing near $676.22, giving the company a market capitalization of approximately $15 billion.
• Analyst sentiment remains broadly positive, with nine Buy ratings, one Hold, and one Sell; the consensus rating is “Moderate Buy” with a target price of $727.70, despite some analysts lowering their targets.
• CACI exceeded quarterly EPS expectations, reporting $7.66 versus the $6.57 consensus, while revenue rose 8.2% year over year to $2.47 billion. Institutional investors own approximately 86.43% of the company’s stock.

CACI International, Inc. (NYSE:CACI - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Friday. The stock traded as high as $689.15 and last traded at $676.22, with a volume of 5,898 shares traded. The stock had previously closed at $674.37.

Analyst Ratings Changes

A number of brokerages have commented on CACI. Weiss Ratings cut shares of CACI International from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday. UBS Group reissued a "buy" rating and issued a $823.00 price objective (down from $826.00) on shares of CACI International in a research report on Friday, October 23rd. JPMorgan Chase & Co. boosted their price objective on CACI International from $715.00 to $725.00 and gave the company an "overweight" rating in a research note on Tuesday. TD Cowen cut their target price on CACI International from $625.00 to $550.00 and set a "buy" rating on the stock in a research report on Tuesday, July 7th. Finally, BNP Paribas Exane cut CACI International from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $675.00 to $540.00 in a research note on Tuesday, October 6th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $727.70.

CACI International Stock Up 0.1%

The company has a market cap of $15.00 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.16 and a beta of 0.59. The stock's fifty day moving average is $624.37 and its two-hundred day moving average is $569.32. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.61 and a current ratio of 1.61.

CACI International (NYSE:CACI - Get Free Report) last announced its earnings results on Wednesday, October 21st. The information technology services provider reported $7.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $1.09. The company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.51 billion. CACI International had a return on equity of 15.56% and a net margin of 5.55%. CACI International's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.85 earnings per share. Sell-side analysts predict that CACI International, Inc. will post 33.50 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CACI International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. lifted its position in shares of CACI International by 2.0% in the third quarter. Valley Wealth Managers Inc. now owns 43,821 shares of the information technology services provider's stock valued at $26,692,000 after acquiring an additional 872 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of CACI International by 29.9% in the third quarter. Sterling Capital Management LLC now owns 33,129 shares of the information technology services provider's stock valued at $20,179,000 after purchasing an additional 7,626 shares during the period. California State Teachers Retirement System grew its stake in shares of CACI International by 22.6% in the 1st quarter. California State Teachers Retirement System now owns 25,494 shares of the information technology services provider's stock valued at $13,865,000 after buying an additional 4,696 shares during the period. Strs Ohio lifted its holdings in CACI International by 20.3% in the first quarter. Strs Ohio now owns 14,799 shares of the information technology services provider's stock valued at $8,049,000 after acquiring an additional 2,499 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in CACI International in the first quarter worth approximately $5,384,000. Hedge funds and other institutional investors own 86.43% of the company's stock.

About CACI International

CACI International Inc is a professional services and information technology company that provides mission-critical solutions to government customers, primarily in the United States. The company supports defense, intelligence, homeland security, and federal civilian agencies with expertise in areas such as enterprise IT, data analytics, artificial intelligence, cybersecurity, and software development.

CACI also delivers capabilities for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR), electronic warfare, signals intelligence, and other national security missions.

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