CACI International (NYSE:CACI) Announces Earnings Results

by · The Cerbat Gem

CACI International (NYSE:CACI – Get Free Report) released its quarterly earnings results on Wednesday. The information technology services provider reported $6.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.47 by $0.34, Zacks reports. CACI International had a net margin of 5.70% and a return on equity of 15.92%.

CACI International Stock Performance

Shares of CACI traded up $1.72 during midday trading on Wednesday, reaching $630.86. 430,208 shares of the stock were exchanged, compared to its average volume of 342,797. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.31 and a beta of 0.58. CACI International has a twelve month low of $318.60 and a twelve month high of $642.00. The business’s 50-day moving average price is $583.92 and its 200 day moving average price is $532.26. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.54 and a quick ratio of 1.54.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CACI. Jones Financial Companies Lllp grew its holdings in shares of CACI International by 344.7% during the first quarter. Jones Financial Companies Lllp now owns 885 shares of the information technology services provider’s stock worth $325,000 after buying an additional 686 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in CACI International by 595.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 146 shares of the information technology services provider’s stock worth $70,000 after acquiring an additional 125 shares during the period. Baird Financial Group Inc. grew its stake in shares of CACI International by 3.7% in the 2nd quarter. Baird Financial Group Inc. now owns 4,416 shares of the information technology services provider’s stock valued at $2,105,000 after purchasing an additional 157 shares during the last quarter. Jump Financial LLC acquired a new position in shares of CACI International in the second quarter valued at approximately $423,000. Finally, Ameriprise Financial Inc. raised its stake in shares of CACI International by 22.5% during the second quarter. Ameriprise Financial Inc. now owns 298,615 shares of the information technology services provider’s stock worth $142,346,000 after purchasing an additional 54,905 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CACI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on CACI International from $575.00 to $645.00 and gave the company an “overweight” rating in a report on Monday, October 27th. The Goldman Sachs Group lifted their price target on shares of CACI International from $567.00 to $624.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Stifel Nicolaus set a $670.00 price target on shares of CACI International in a research report on Thursday, October 23rd. Cantor Fitzgerald increased their target price on CACI International from $535.00 to $675.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CACI International in a research report on Monday, December 29th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $621.00.

Check Out Our Latest Stock Analysis on CACI

About CACI International

(Get Free Report)

CACI International Inc is a leading provider of information solutions and services to the U.S. federal government, with a primary focus on defense, intelligence, homeland security and federal civilian agencies. The company delivers advanced technology and domain expertise to support mission-critical operations, offering capabilities in areas such as data analytics, cyber security, network integration, enterprise IT modernization and logistics support. By integrating software, hardware and professional services, CACI helps clients enhance situational awareness, improve decision making and maintain critical infrastructure resilience.

Founded in 1962 and headquartered in Arlington, Virginia, CACI has evolved from a small consulting operation into a global enterprise.

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