CACI International Inc (NYSE:CACI – Get Rating) gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $300.73, but opened at $315.00. CACI International shares last traded at $310.70, with a volume of 51,109 shares trading hands.
The information technology services provider reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.64 by $0.28. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.66 billion. CACI International had a net margin of 5.63% and a return on equity of 13.59%. During the same quarter in the prior year, the business earned $4.64 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year.
Analyst Ratings Changes
Several brokerages have recently weighed in on CACI. Morgan Stanley increased their price objective on shares of CACI International from $355.00 to $357.00 and gave the stock an “overweight” rating in a research note on Thursday, February 2nd. Cowen increased their price objective on shares of CACI International from $313.00 to $330.00 in a research note on Monday, January 9th. Finally, StockNews.com upgraded shares of CACI International from a “hold” rating to a “buy” rating in a research note on Thursday, April 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $338.20.
Insider Buying and Selling
Institutional Investors Weigh In On CACI International
Several institutional investors and hedge funds have recently modified their holdings of CACI. AMJ Financial Wealth Management increased its position in CACI International by 8.1% in the fourth quarter. AMJ Financial Wealth Management now owns 3,569 shares of the information technology services provider’s stock worth $1,073,000 after purchasing an additional 267 shares during the last quarter. Legato Capital Management LLC bought a new stake in CACI International in the fourth quarter worth $2,073,000. Essex Financial Services Inc. increased its position in CACI International by 6.1% in the third quarter. Essex Financial Services Inc. now owns 3,466 shares of the information technology services provider’s stock worth $905,000 after purchasing an additional 200 shares during the last quarter. Pzena Investment Management LLC increased its position in CACI International by 22.9% in the third quarter. Pzena Investment Management LLC now owns 940 shares of the information technology services provider’s stock worth $245,000 after purchasing an additional 175 shares during the last quarter. Finally, US Bancorp DE increased its position in CACI International by 139.7% in the third quarter. US Bancorp DE now owns 8,549 shares of the information technology services provider’s stock worth $2,231,000 after purchasing an additional 4,983 shares during the last quarter. Institutional investors own 87.08% of the company’s stock.
CACI International Price Performance
The firm’s 50-day moving average is $296.20 and its two-hundred day moving average is $295.86. The company has a market cap of $7.35 billion, a P/E ratio of 20.27, a PEG ratio of 2.31 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 1.20.
CACI International Company Profile
CACI International, Inc operates as holding company, which engages in the provision of information solutions and services in support of national security missions and government transformation for intelligence, defense, and federal civilian customers. It operates through the Domestic Operations and International Operations segment.
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