CACI International (NYSE:CACI) Sees Strong Trading Volume – Should You Buy?

CACI International Inc (NYSE:CACI) shares saw an uptick in trading volume on Wednesday . 537,824 shares traded hands during mid-day trading, an increase of 178% from the previous session’s volume of 193,200 shares.The stock last traded at $360.29 and had previously closed at $353.02.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised CACI International from a “hold” rating to a “buy” rating and set a $515.00 target price for the company in a report on Thursday, January 16th. TD Cowen reduced their price target on shares of CACI International from $610.00 to $480.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Cantor Fitzgerald raised shares of CACI International to a “strong-buy” rating in a report on Tuesday, February 25th. William Blair lowered CACI International from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $640.00 price objective on shares of CACI International in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $521.92.

CACI International Trading Up 2.3 %

The company’s fifty day simple moving average is $389.93 and its two-hundred day simple moving average is $453.80. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.80.

CACI International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, January 22nd. The information technology services provider reported $5.95 EPS for the quarter, topping the consensus estimate of $5.28 by $0.67. CACI International had a return on equity of 15.30% and a net margin of 5.90%. Research analysts forecast that CACI International Inc will post 23.94 earnings per share for the current fiscal year.

Institutional Trading of CACI International

Several hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. raised its holdings in shares of CACI International by 40.0% during the third quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 18 shares during the period. UMB Bank n.a. raised its stake in shares of CACI International by 37.2% in the 4th quarter. UMB Bank n.a. now owns 107 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 29 shares during the period. Coastline Trust Co bought a new stake in shares of CACI International in the third quarter valued at about $45,000. GAMMA Investing LLC grew its holdings in shares of CACI International by 69.4% during the fourth quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock worth $49,000 after buying an additional 50 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new stake in CACI International in the 4th quarter valued at approximately $69,000. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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.