CACI International (NYSE:CACI) Updates FY 2021 Earnings Guidance
CACI International (NYSE:CACI) updated its FY 2021 earnings guidance on Tuesday. The company provided EPS guidance of 18.000-18.400 for the period, compared to the Thomson Reuters consensus EPS estimate of $15.320. The company issued revenue guidance of $6 billion-$6.08 billion, compared to the consensus revenue estimate of $6.14 billion.
Several analysts recently issued reports on CACI shares. Morgan Stanley raised their price target on CACI International from $279.00 to $282.00 and gave the stock an equal weight rating in a report on Thursday, February 25th. Truist raised their target price on CACI International from $275.00 to $290.00 in a research note on Friday, January 29th. Barclays upped their price target on shares of CACI International from $250.00 to $300.00 and gave the stock an overweight rating in a research report on Monday. Credit Suisse Group cut their price objective on shares of CACI International from $296.00 to $288.00 and set an outperform rating on the stock in a research report on Friday, January 29th. Finally, Zacks Investment Research cut shares of CACI International from a buy rating to a hold rating and set a $254.00 target price for the company. in a research report on Monday, March 15th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $286.70.
CACI stock traded down $0.23 during trading on Tuesday, hitting $261.86. The company had a trading volume of 2,226 shares, compared to its average volume of 236,715. The business has a 50 day moving average of $251.20 and a 200 day moving average of $239.56. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.66 and a beta of 1.10. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.57. CACI International has a fifty-two week low of $190.16 and a fifty-two week high of $266.31.
In other news, Director William S. Wallace sold 167 shares of the firm’s stock in a transaction dated Wednesday, February 10th. The shares were sold at an average price of $244.51, for a total transaction of $40,833.17. Following the completion of the transaction, the director now owns 10,387 shares in the company, valued at approximately $2,539,725.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Gregory R. Bradford acquired 2,275 shares of the stock in a transaction dated Tuesday, March 2nd. The stock was acquired at an average cost of $219.29 per share, for a total transaction of $498,884.75. Following the purchase, the insider now directly owns 54,760 shares in the company, valued at $12,008,320.40. The disclosure for this purchase can be found here. Company insiders own 1.56% of the company’s stock.
A hedge fund recently bought a new stake in CACI International stock. OLD Mission Capital LLC acquired a new position in shares of CACI International Inc (NYSE:CACI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,383 shares of the information technology services provider’s stock, valued at approximately $721,000. 84.82% of the stock is owned by hedge funds and other institutional investors.
CACI International Company Profile
CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions for financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.
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