CACI International (NYSE:CACI) Sees Large Volume Increase – Here’s What Happened

CACI International Inc (NYSE:CACI) shares saw unusually-high trading volume on Thursday . Approximately 220,236 shares were traded during mid-day trading, an increase of 77% from the previous session’s volume of 124,723 shares.The stock last traded at $473.56 and had previously closed at $454.90.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CACI. Barclays lifted their target price on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. TD Cowen upped their price objective on CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Raymond James lowered CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Robert W. Baird boosted their target price on CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Bank of America increased their price objective on shares of CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $547.20.

CACI International Stock Up 4.5 %

The firm’s fifty day moving average is $517.54 and its 200-day moving average is $469.39. The stock has a market capitalization of $10.66 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.73 and a beta of 0.91. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.85. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the business posted $4.36 earnings per share. On average, sell-side analysts predict that CACI International Inc will post 23.42 earnings per share for the current year.

Insider Activity

In other news, insider Gregory R. Bradford sold 10,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the sale, the insider now directly owns 35,538 shares of the company’s stock, valued at $17,499,266.58. The trade was a 21.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP J William Koegel, Jr. sold 970 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $483.27, for a total value of $468,771.90. Following the completion of the transaction, the executive vice president now owns 22,651 shares of the company’s stock, valued at $10,946,548.77. This trade represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Institutional Trading of CACI International

Hedge funds and other institutional investors have recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of CACI International during the 3rd quarter worth about $1,955,000. Kennedy Capital Management LLC grew its position in shares of CACI International by 39.9% in the first quarter. Kennedy Capital Management LLC now owns 8,276 shares of the information technology services provider’s stock valued at $3,135,000 after purchasing an additional 2,359 shares during the last quarter. Comerica Bank lifted its holdings in shares of CACI International by 13.4% during the first quarter. Comerica Bank now owns 11,609 shares of the information technology services provider’s stock worth $4,398,000 after buying an additional 1,372 shares during the last quarter. Lazard Asset Management LLC acquired a new position in CACI International during the 1st quarter valued at $653,000. Finally, Bridges Investment Management Inc. acquired a new stake in CACI International in the 2nd quarter worth $489,000. Institutional investors and hedge funds own 86.43% of the company’s stock.

About CACI International

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.