CACI International (NYSE:CACI) Trading Up 7.2% on Strong Earnings

CACI International Inc (NYSE:CACI - Get Free Report)'s stock price rose 7.2% during trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $570.28 and last traded at $562.00. Approximately 18,586 shares changed hands during trading, a decline of 83% from the average daily volume of 110,527 shares. The stock had previously closed at $524.10.

The information technology services provider reported $5.93 EPS for the quarter, topping analysts' consensus estimates of $5.07 by $0.86. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.92 billion. CACI International had a return on equity of 14.31% and a net margin of 5.48%. CACI International's revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.36 EPS.

Wall Street Analyst Weigh In

A number of brokerages have commented on CACI. Wells Fargo & Company increased their price objective on CACI International from $525.00 to $577.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Bank of America increased their price objective on CACI International from $535.00 to $555.00 and gave the company a "buy" rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. increased their price objective on CACI International from $520.00 to $555.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Raymond James lowered CACI International from an "outperform" rating to a "market perform" rating in a research report on Monday, August 5th. Finally, Barclays increased their price objective on CACI International from $450.00 to $500.00 and gave the company an "overweight" rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $485.60.

Insider Activity

In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 35,538 shares in the company, valued at approximately $17,499,266.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other CACI International news, EVP J William Koegel, Jr. sold 970 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $483.27, for a total transaction of $468,771.90. Following the completion of the transaction, the executive vice president now owns 22,651 shares in the company, valued at approximately $10,946,548.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $492.41, for a total value of $4,924,100.00. Following the transaction, the insider now owns 35,538 shares of the company's stock, valued at approximately $17,499,266.58. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,270 shares of company stock valued at $10,165,972 in the last 90 days. 1.23% of the stock is owned by company insiders.

Hedge Funds Weigh In On CACI International

Several hedge funds have recently modified their holdings of CACI. Van ECK Associates Corp grew its holdings in shares of CACI International by 293.2% in the 1st quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider's stock valued at $18,182,000 after acquiring an additional 35,788 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of CACI International by 147.5% in the 1st quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider's stock valued at $13,243,000 after acquiring an additional 20,835 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of CACI International by 36.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,073 shares of the information technology services provider's stock valued at $2,301,000 after acquiring an additional 1,628 shares in the last quarter. BNP Paribas bought a new position in shares of CACI International in the 1st quarter valued at about $1,191,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of CACI International in the 1st quarter valued at about $1,069,000. Institutional investors own 86.43% of the company's stock.

CACI International Price Performance

The company has a market cap of $12.32 billion, a P/E ratio of 31.92, a PEG ratio of 2.22 and a beta of 0.93. The company has a fifty day moving average price of $493.39 and a two-hundred day moving average price of $448.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.27.

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.