CACI International (NYSE:CACI) Hits New 12-Month High After Better-Than-Expected Earnings

CACI International Inc (NYSE:CACI)’s share price hit a new 52-week high on Thursday following a better than expected earnings announcement. The company traded as high as $467.88 and last traded at $465.59, with a volume of 17037 shares trading hands. The stock had previously closed at $447.02.

The information technology services provider reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.90 by $0.71. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.93 billion. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the company posted $5.30 earnings per share.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays upped their price target on shares of CACI International from $400.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Stifel Nicolaus increased their target price on shares of CACI International from $390.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. StockNews.com upgraded shares of CACI International from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. TD Cowen raised their price objective on shares of CACI International from $435.00 to $480.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Truist Financial raised their price objective on shares of CACI International from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, CACI International currently has a consensus rating of “Moderate Buy” and a consensus target price of $434.55.

Insider Transactions at CACI International

In other news, Director Gregory G. Johnson sold 200 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $428.19, for a total value of $85,638.00. Following the sale, the director now owns 6,078 shares in the company, valued at $2,602,538.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Jeffrey D. Maclauchlan sold 1,900 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $427.50, for a total value of $812,250.00. Following the completion of the transaction, the chief financial officer now directly owns 519 shares of the company’s stock, valued at $221,872.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gregory G. Johnson sold 200 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $428.19, for a total value of $85,638.00. Following the completion of the transaction, the director now directly owns 6,078 shares of the company’s stock, valued at $2,602,538.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,100 shares of company stock worth $1,755,028. Insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Lord Abbett & CO. LLC acquired a new stake in CACI International in the first quarter worth about $18,271,000. Van ECK Associates Corp increased its position in CACI International by 293.2% in the first quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider’s stock worth $18,182,000 after purchasing an additional 35,788 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its position in CACI International by 65.2% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 68,139 shares of the information technology services provider’s stock worth $22,067,000 after purchasing an additional 26,887 shares during the period. BNP Paribas Financial Markets increased its position in CACI International by 147.5% in the first quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider’s stock worth $13,243,000 after purchasing an additional 20,835 shares during the period. Finally, M&R Capital Management Inc. increased its position in CACI International by 487.2% in the second quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider’s stock worth $7,282,000 after purchasing an additional 14,047 shares during the period. 86.43% of the stock is owned by institutional investors.

CACI International Price Performance

The company has a market capitalization of $10.12 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.92. The company has a 50-day moving average price of $436.06 and a 200-day moving average price of $399.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.28 and a current ratio of 1.28.

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.