CACI International (NYSE:CACI) Hits New 12-Month High – Time to Buy?

CACI International, Inc. (NYSE:CACI)’s stock price reached a new 52-week high during trading on Friday. The stock traded as high as $689.15 and last traded at $676.22, with a volume of 5,898 shares traded. The stock had previously closed at $674.37.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CACI. JPMorgan Chase & Co. boosted their target price on CACI International from $715.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday. Cantor Fitzgerald lifted their price target on CACI International from $675.00 to $785.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Stifel Nicolaus boosted their price objective on CACI International from $892.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Citigroup increased their price objective on CACI International from $648.00 to $689.00 and gave the company a “neutral” rating in a report on Wednesday, October 7th. Finally, UBS Group reissued a “buy” rating and issued a $823.00 price objective (down from $826.00) on shares of CACI International in a report on Friday, October 23rd. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CACI International has an average rating of “Moderate Buy” and an average price target of $727.70.

CACI International Stock Up 0.1%

The firm has a 50 day simple moving average of $624.37 and a two-hundred day simple moving average of $569.32. The company has a market capitalization of $15.00 billion, a PE ratio of 27.64, a P/E/G ratio of 2.16 and a beta of 0.59. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.04.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, October 21st. The information technology services provider reported $7.66 EPS for the quarter, topping the consensus estimate of $6.57 by $1.09. CACI International had a return on equity of 15.56% and a net margin of 5.55%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the business earned $6.85 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Research analysts expect that CACI International, Inc. will post 33.50 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. raised its stake in shares of CACI International by 53.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 89 shares of the information technology services provider’s stock worth $54,000 after buying an additional 31 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of CACI International by 9.7% in the first quarter. EverSource Wealth Advisors LLC now owns 395 shares of the information technology services provider’s stock valued at $215,000 after purchasing an additional 35 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of CACI International by 44.4% during the 3rd quarter. Versant Capital Management Inc now owns 117 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 36 shares in the last quarter. Bogart Wealth LLC raised its position in shares of 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 purchasing an additional 47 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of CACI International during the third quarter worth about $41,000. 86.43% of the stock is currently owned by institutional investors and hedge funds.

About CACI International

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.