CACI International (NYSE:CACI) Shares Up 3.5% – Time to Buy?

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on CACI shares. Cantor Fitzgerald raised CACI International to a “strong-buy” rating in a research report on Tuesday, February 25th. UBS Group started coverage on shares of CACI International in a research report on Monday, December 2nd. They set a “buy” rating and a $557.00 target price on the stock. The Goldman Sachs Group lowered shares of CACI International from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $540.00 to $373.00 in a research report on Thursday, December 12th. Barclays raised their price target on shares of CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $640.00 price objective on shares of CACI International in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CACI International presently has a consensus rating of “Moderate Buy” and an average price target of $521.92.

CACI International Trading Up 7.1 %

The company has a market cap of $7.91 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87. 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 business has a 50 day simple moving average of $390.97 and a 200 day simple moving average of $454.60.

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

Institutional Investors Weigh In On CACI International

Several hedge funds and other institutional investors have recently made changes to their positions in CACI. Van ECK Associates Corp increased its position in CACI International by 35.2% in the fourth quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider’s stock worth $63,477,000 after purchasing an additional 40,867 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of CACI International during the third quarter worth approximately $1,955,000. Running Oak Capital LLC lifted its holdings in CACI International by 8.9% in the fourth quarter. Running Oak Capital LLC now owns 31,139 shares of the information technology services provider’s stock valued at $12,582,000 after buying an additional 2,533 shares during the period. RNC Capital Management LLC acquired a new position in CACI International in the fourth quarter valued at approximately $315,000. Finally, Geode Capital Management LLC boosted its stake in CACI International by 5.0% in the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock valued at $243,386,000 after acquiring an additional 22,823 shares during the last quarter. 86.43% of the stock is 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.