CACI International (NYSE:CACI) Stock Price Up 6% Following Analyst Upgrade

Key Points

• CACI International shares rose 6% after Jefferies upgraded the stock from “hold” to “buy” and set a $725 price target. The stock reached $670 and last traded near $672.
• Analyst sentiment is broadly positive, with 10 buy ratings, one hold, and one sell; the consensus rating is “Moderate Buy” with an average target of $717.36.
• CACI exceeded quarterly earnings expectations, reporting $7.66 in EPS versus the $6.57 consensus estimate, while revenue increased 8.2% year over year to $2.47 billion.

CACI International, Inc. (NYSE:CACI - Get Free Report) traded up 6% on Monday after Jefferies Financial Group upgraded the stock from a hold rating to a buy rating. Jefferies Financial Group now has a $725.00 price target on the stock. CACI International traded as high as $670.00 and last traded at $671.9230. Approximately 44,230 shares traded hands during trading, a decline of 85% from the average daily volume of 285,371 shares. The stock had previously closed at $633.98.

Several other equities analysts have also issued reports on CACI. UBS Group reiterated a "buy" rating and issued a $823.00 price target (down from $826.00) on shares of CACI International in a research note on Friday. Wells Fargo & Company restated an "overweight" rating and set a $715.00 price objective on shares of CACI International in a research report on Monday, August 10th. Citigroup raised their price objective on CACI International from $648.00 to $689.00 and gave the company a "neutral" rating in a research note on Wednesday, October 7th. TD Cowen decreased 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, Stifel Nicolaus boosted their target price on CACI International from $892.00 to $925.00 and gave the stock a "buy" rating in a research note on Friday. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $717.36.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CACI. Bogart Wealth LLC grew its position in CACI International by 2,350.0% during the 1st quarter. Bogart Wealth LLC now owns 49 shares of the information technology services provider's stock worth $27,000 after acquiring an additional 47 shares during the last quarter. Root Financial Partners LLC bought a new position in CACI International in the third quarter valued at about $41,000. First Bancorp Inc ME bought a new position in CACI International in the second quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CACI International during the second quarter valued at about $32,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of CACI International by 53.4% during the third quarter. SBI Securities Co. Ltd. now owns 89 shares of the information technology services provider's stock valued at $54,000 after purchasing an additional 31 shares in the last quarter. 86.43% of the stock is currently owned by institutional investors.

CACI International Stock Up 6.0%

The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.04. The stock has a 50 day moving average price of $622.80 and a 200 day moving average price of $551.32.

CACI International (NYSE:CACI - Get Free Report) last released its quarterly 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 firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.51 billion. CACI International had a net margin of 5.55% and a return on equity of 15.56%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $6.85 earnings per share. As a group, analysts forecast that CACI International, Inc. will post 33.43 EPS for the current year.

CACI International Company Profile

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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