CACI International (NYSE:CACI) Shares Up 6% on Analyst Upgrade

CACI International, Inc. (NYSE:CACI) rose 6% on Monday after Jefferies Financial Group upgraded the stock from a hold rating to a buy rating. Jefferies Financial Group now has a $725.00 price target on the stock. CACI International traded as high as $670.00 and last traded at $671.9230. 44,230 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 285,371 shares. The stock had previously closed at $633.98.

A number of other analysts also recently commented on CACI. UBS Group reaffirmed a “buy” rating and set a $823.00 price target (down from $826.00) on shares of CACI International in a research report on Friday. Wells Fargo & Company reissued an “overweight” rating and issued a $715.00 price objective on shares of CACI International in a research report on Monday, August 10th. Citigroup upped their price objective on CACI International from $648.00 to $689.00 and gave the company a “neutral” rating in a research note on Wednesday, October 7th. BNP Paribas Exane lowered CACI International from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $675.00 to $540.00 in a research report on Tuesday, October 6th. Finally, Wall Street Zen upgraded CACI International from a “hold” rating to a “buy” rating in a research note on Saturday. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, CACI International presently has a consensus rating of “Moderate Buy” and an average price target of $717.36.

Institutional Trading of CACI International

Hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC lifted 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 valued at $27,000 after buying an additional 47 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of CACI International during the 3rd quarter worth $41,000. First Bancorp Inc ME purchased a new stake in CACI International in the 2nd quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CACI International in the 2nd quarter worth about $32,000. Finally, SBI Securities Co. Ltd. increased its holdings in CACI International by 53.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 89 shares of the information technology services provider’s stock worth $54,000 after acquiring an additional 31 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors.

CACI International Stock Up 6.0%

The stock has a 50 day moving average of $622.80 and a 200-day moving average of $551.32. The firm has a market capitalization of $14.92 billion, a P/E ratio of 27.47, a PEG ratio of 2.06 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.61 and a current ratio of 1.61.

CACI International (NYSE:CACI) last released its quarterly earnings data on Wednesday, October 21st. The information technology services provider reported $7.66 EPS for the quarter, beating the consensus estimate of $6.57 by $1.09. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.51 billion. CACI International had a net margin of 5.55% and a return on equity of 15.56%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.85 earnings per share. Research analysts predict that CACI International, Inc. will post 33.43 earnings per share for the current fiscal year.

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.