CACI International (NYSE:CACI) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of CACI International Inc (NYSE:CACI) saw strong trading volume on Thursday . 197,875 shares were traded during mid-day trading, an increase of 73% from the previous session’s volume of 114,660 shares.The stock last traded at $508.94 and had previously closed at $542.36.

Analyst Upgrades and Downgrades

Several analysts recently commented on CACI shares. Barclays boosted their price target on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday. Wells Fargo & Company increased their price target on CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Truist Financial reissued a “buy” rating and set a $650.00 price target (up from $520.00) on shares of CACI International in a research report on Friday, October 25th. Bank of America boosted their price objective on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. increased their target price on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, CACI International presently has an average rating of “Moderate Buy” and a consensus price target of $547.20.

CACI International Price Performance

The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $518.48 and a 200 day moving average of $467.52. The firm has a market cap of $11.10 billion, a P/E ratio of 24.65, a PEG ratio of 2.21 and a beta of 0.91.

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. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the firm earned $4.36 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts anticipate that CACI International Inc will post 23.43 earnings per share for the current year.

Insider Transactions at CACI International

In other news, Director Gregory G. Johnson sold 300 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total value of $141,300.00. Following the completion of the sale, the director now owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Gregory G. Johnson sold 300 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total transaction of $141,300.00. Following the sale, the director now owns 5,910 shares of the company’s stock, valued at $2,783,610. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John S. Mengucci sold 10,000 shares of CACI International stock in a transaction on Monday, August 19th. The shares were sold at an average price of $463.18, for a total value of $4,631,800.00. Following the completion of the transaction, the chief executive officer now directly owns 91,368 shares of the company’s stock, valued at $42,319,830.24. This represents 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 worth $10,165,972 over the last quarter. Company insiders own 1.35% of the company’s stock.

Institutional Trading of CACI International

A number of hedge funds and other institutional investors have recently modified their holdings of CACI. Captrust Financial Advisors raised its holdings in CACI International by 10.2% in the 3rd quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock valued at $415,000 after buying an additional 76 shares during the last quarter. BNP Paribas Financial Markets increased its position in CACI International by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock valued at $29,745,000 after acquiring an additional 15,961 shares during the period. First Horizon Advisors Inc. raised its stake in shares of CACI International by 40.0% during the third quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 18 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of CACI International by 3.7% during the third quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock worth $34,179,000 after purchasing an additional 2,396 shares during the period. Finally, Coastline Trust Co bought a new stake in shares of CACI International in the third quarter worth $45,000. Institutional investors own 86.43% of the company’s stock.

About CACI International

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.