CACI International, Inc. (CACI) Hits New 1-Year High at $136.25
Shares of CACI International, Inc. (NYSE:CACI) hit a new 52-week high during trading on Friday . The stock traded as high as $136.25 and last traded at $136.45, with a volume of 22,496 shares. The stock had previously closed at $134.40.
Several analysts have recently commented on CACI shares. ValuEngine upgraded CACI International from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Cowen and Company raised CACI International from a “market perform” rating to an “outperform” rating and increased their target price for the company from $140.00 to $145.00 in a research note on Monday, June 12th. Maxim Group reissued a “buy” rating and issued a $161.00 target price on shares of CACI International in a research note on Thursday, June 22nd. Noble Financial reissued a “buy” rating on shares of CACI International in a research note on Saturday, June 24th. Finally, Jefferies Group LLC raised CACI International from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Monday, July 17th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $128.33.
The firm has a market capitalization of $3.34 billion, a P/E ratio of 20.91 and a beta of 1.58. The stock’s 50 day moving average price is $128.35 and its 200-day moving average price is $124.13.
CACI International (NYSE:CACI) last released its earnings results on Wednesday, August 16th. The information technology services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.08. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. CACI International had a return on equity of 9.52% and a net margin of 3.76%. CACI International’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 earnings per share. Equities analysts anticipate that CACI International, Inc. will post $6.78 EPS for the current year.
In other CACI International news, Director Charles P. Revoile sold 750 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $127.28, for a total transaction of $95,460.00. Following the completion of the transaction, the director now directly owns 31,583 shares of the company’s stock, valued at $4,019,884.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Thomas A. Mutryn sold 6,165 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $131.28, for a total value of $809,341.20. Following the transaction, the chief financial officer now directly owns 37,555 shares of the company’s stock, valued at $4,930,220.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,806 shares of company stock valued at $1,016,596. 1.15% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Riverhead Capital Management LLC grew its holdings in CACI International by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 1,332 shares of the information technology services provider’s stock valued at $167,000 after purchasing an additional 532 shares during the period. Meadow Creek Investment Management LLC grew its holdings in CACI International by 12.5% during the first quarter. Meadow Creek Investment Management LLC now owns 1,530 shares of the information technology services provider’s stock valued at $180,000 after purchasing an additional 170 shares during the period. SG Americas Securities LLC grew its holdings in CACI International by 5.9% during the first quarter. SG Americas Securities LLC now owns 1,658 shares of the information technology services provider’s stock valued at $194,000 after purchasing an additional 93 shares during the period. Miles Capital Inc. bought a new position in CACI International during the second quarter valued at $211,000. Finally, World Asset Management Inc grew its holdings in CACI International by 0.3% during the second quarter. World Asset Management Inc now owns 1,800 shares of the information technology services provider’s stock valued at $225,000 after purchasing an additional 6 shares during the period. 88.87% of the stock is owned by institutional investors and hedge funds.
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CACI International Company Profile
CACI International Inc is a simulation technology company. The Company provides information solutions and services. The Company operates through two segments: domestic operations and international operations. It serves clients in the United States federal government and commercial markets, primarily throughout North America and internationally on behalf of the United States customers, as well as in the United Kingdom and the Netherlands.
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