Key Points
- Director Debora Plunkett sold 235 CACI shares for about $151,883 at an average price of $646.31, reducing her stake by 8.76% to 2,447 shares.
- CACI reported quarterly EPS of $7.66, beating the $6.57 consensus estimate; revenue rose 8.2% year over year to $2.47 billion, slightly below estimates.
- Analysts have a “Moderate Buy” consensus rating and an average price target of $727.70, while CACI shares were down 0.3% in Friday trading.
CACI International, Inc. (NYSE:CACI - Get Free Report) Director Debora Plunkett sold 235 shares of the business's stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $646.31, for a total value of $151,882.85. Following the completion of the transaction, the director owned 2,447 shares in the company, valued at approximately $1,581,520.57. This trade represents a 8.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
CACI International Trading Down 0.3%
Shares of CACI opened at $643.89 on Friday. The company has a market capitalization of $14.30 billion, a P/E ratio of 26.43 and a beta of 0.55. CACI International, Inc. has a one year low of $434.70 and a one year high of $694.01. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a 50-day moving average price of $627.55 and a 200 day moving average price of $570.11.
CACI International (NYSE:CACI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The information technology services provider reported $7.66 earnings per share (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 company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the business earned $6.85 EPS. CACI International's revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts forecast that CACI International, Inc. will post 33.70 EPS for the current fiscal year.
Institutional Investors Weigh In On CACI International
Several institutional investors and hedge funds have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of CACI International during the 3rd quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CACI International in the second quarter worth $32,000. First Bancorp Inc ME acquired a new position in CACI International in the second quarter worth $32,000. Root Financial Partners LLC acquired a new position in CACI International in the third quarter worth $41,000. Finally, SBI Securities Co. Ltd. boosted its holdings in CACI International by 53.4% in the third quarter. SBI Securities Co. Ltd. now owns 89 shares of the information technology services provider's stock worth $54,000 after purchasing an additional 31 shares during the period. 86.43% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently weighed in on CACI. Citigroup raised their price target on shares of CACI International from $648.00 to $689.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 7th. Stifel Nicolaus lifted their price target on shares of CACI International from $892.00 to $925.00 and gave the stock a "buy" rating in a research note on Friday, October 23rd. Cantor Fitzgerald upped their price target on shares of CACI International from $675.00 to $785.00 and gave the company an "overweight" rating in a report on Wednesday, October 21st. BNP Paribas Exane downgraded shares of CACI International from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $675.00 to $540.00 in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of CACI International from $715.00 to $725.00 and gave the company an "overweight" rating in a research note on Tuesday, October 27th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $727.70.
View Our Latest Stock Report on CACI
CACI International Company Profile
(
Get Free Report)
CACI International is a U.S. government services and technology company that supports national security, defense and civilian missions. Its work includes intelligence analysis, cybersecurity, electronic warfare, communications and command-and-control systems, and the modernization of government information technology. The company provides technology, engineering and mission-support services to U.S. defense, intelligence and civilian agencies, as well as allied customers. Its work spans areas such as digital transformation, data analytics, software development, and the design and integration of complex systems.
Further Reading
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