CACI International (NYSE:CACI) Reaches New 52-Week High – Should You Buy?

Shares of CACI International Inc (NYSE:CACI) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $588.00 and last traded at $588.00, with a volume of 821 shares trading hands. The stock had previously closed at $564.94.

Analysts Set New Price Targets

Several brokerages recently issued reports on CACI. Barclays upped their price target on CACI International from $500.00 to $610.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Robert W. Baird upped their target price on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Raymond James lowered shares of CACI International from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. Truist Financial reiterated a “buy” rating and issued a $650.00 target price (up from $520.00) on shares of CACI International in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price target on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $545.70.

CACI International Stock Down 0.1 %

The company has a market capitalization of $12.64 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 2.17 and a beta of 0.91. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $508.83 and its 200 day moving average is $460.75.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. CACI International’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $4.36 earnings per share. Research analysts predict that CACI International Inc will post 23.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Gregory R. Bradford sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $492.41, for a total value of $4,924,100.00. Following the sale, the insider now directly owns 35,538 shares of the company’s stock, valued at $17,499,266.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CACI International news, EVP J William Koegel, Jr. sold 970 shares of CACI International stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $483.27, for a total value of $468,771.90. Following the completion of the transaction, the executive vice president now directly owns 22,651 shares of the company’s stock, valued at approximately $10,946,548.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory R. Bradford sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the completion of the transaction, the insider now owns 35,538 shares of the company’s stock, valued at approximately $17,499,266.58. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,270 shares of company stock valued at $10,165,972 over the last three months. Corporate insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On CACI International

Hedge funds have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of CACI International by 1.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock worth $146,623,000 after buying an additional 5,610 shares during the last quarter. Van ECK Associates Corp lifted its holdings in CACI International by 42.5% in the 3rd quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock worth $60,917,000 after purchasing an additional 34,647 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in CACI International by 26.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock worth $21,043,000 after purchasing an additional 10,295 shares during the period. Lord Abbett & CO. LLC purchased a new stake in CACI International during the 1st quarter valued at approximately $18,271,000. Finally, BNP Paribas Financial Markets raised its position in shares of CACI International by 147.5% during the first quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider’s stock valued at $13,243,000 after buying an additional 20,835 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

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.