CACI International (NYSE:CACI) Shares Up 3.5% – Should You Buy?

CACI International Inc (NYSE:CACI) was up 3.5% during trading on Tuesday . The company traded as high as $340.00 and last traded at $341.15. Approximately 112,057 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 186,042 shares. The stock had previously closed at $329.54.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CACI. Cantor Fitzgerald upgraded CACI International to a “strong-buy” rating in a report on Tuesday, February 25th. Wells Fargo & Company reduced their price objective on shares of CACI International from $536.00 to $480.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. TD Cowen decreased their price objective on shares of CACI International from $610.00 to $480.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Raymond James reiterated an “outperform” rating and issued a $490.00 target price (up from $475.00) on shares of CACI International in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group lowered shares of CACI International from a “neutral” rating to a “sell” rating and decreased their price target for the company from $540.00 to $373.00 in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CACI International presently has an average rating of “Moderate Buy” and an average target price of $521.92.

CACI International Stock Up 7.1 %

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 1.01 and a beta of 0.87. The firm has a 50-day moving average price of $390.97 and a two-hundred day moving average price of $454.60.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $5.28 by $0.67. CACI International had a return on equity of 15.30% and a net margin of 5.90%. As a group, sell-side analysts anticipate that CACI International Inc will post 23.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CACI International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its holdings in shares of CACI International by 13.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,328 shares of the information technology services provider’s stock valued at $1,175,000 after acquiring an additional 275 shares in the last quarter. New York State Common Retirement Fund grew its stake in CACI International by 13.1% in the third quarter. New York State Common Retirement Fund now owns 31,853 shares of the information technology services provider’s stock valued at $16,072,000 after purchasing an additional 3,700 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of CACI International by 286.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,302 shares of the information technology services provider’s stock worth $657,000 after purchasing an additional 965 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of CACI International by 42.5% during the 3rd quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock worth $60,917,000 after purchasing an additional 34,647 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of CACI International in the 3rd quarter valued at approximately $300,000. 86.43% of the stock is currently owned by institutional investors and hedge funds.

CACI International Company Profile

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.