The Vanguard Group, Inc. recently announced the acquisition of new stake in CACI International Inc (NYSE:CACI). The institutional investor has increased its shareholding in the Technology company by 0.62% to 2.26 million shares with purchase of 13868.0 shares. This fresh investment now brings its stake to 9.62% valued currently at $679.5 million. In addition, Invesco Advisers, Inc. raised its holdings by 91363.0 to 0.84 million shares. And SSgA Funds Management, Inc. has lifted its position by 1.80% or 11383.0 shares – to 0.64 million shares.
With over 0.15 million CACI International Inc (CACI) shares trading Friday and a closing price of $293.56 on the day, the dollar volume was approximately $42.72 million. The shares have shown a positive half year performance of 3.44% and its price on 01/13/23 gained nearly 0.16%. Currently, there are 23.42M common shares owned by the public and among those 23.12M shares have been available to trade.
The analysts have set the share’s price value over the next 12 months at a high of $380.00 and a low of $280.00. The average price target is 10.37% above its recent price level and a downside to the estimated low will see the stock lose -4.84% over that period. But an upside of 22.75% will see the stock hit the forecast high price target while median target price for the stock is $330.00.
Insiders at the company have transacted a total of 104 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 68 of these insider trades were purchases, accounting for 55,936 shares. Insider sales of the common stock occurred on 36 occasions, with total insider shares sold totaling 43,714 shares.
The top 3 mutual fund holders in CACI International Inc are Eaton Vance Atlanta Capital SMID, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market Index. Eaton Vance Atlanta Capital SMID owns 1.01 million shares of the company’s stock, all valued at over $303.82 million. iShares Core S&P Mid Cap ETF sold 138.0 shares to see its total holdings shrink to 0.72 million shares valued at over $217.91 million and representing 3.09% of the shares outstanding. Vanguard Total Stock Market Index bought 756.0 shares to bring its total holdings to over 0.7 million shares at a value of $211.38 million. Vanguard Total Stock Market Index now owns shares totaling to 2.99% of the shares outstanding.
Shares of CACI International Inc (NYSE: CACI) opened at $290.22, down -$2.87 from a prior closing price of $293.09. However, the script later moved the day high at 293.74, up 0.16%. The company’s stock has a 5-day price change of -6.69% and 14.26% over the past three months. CACI shares are trading -2.34% year to date (YTD), with the 12-month market performance up to 6.74% higher. It has a 12-month low price of $238.29 and touched a high of $319.33 over the same period. CACI has an average intraday trading volume of 131.82K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.59%, -3.00%, and 3.04% respectively.
Institutional ownership of CACI International Inc (NYSE: CACI) shares accounts for 89.90% of the company’s 23.42M shares outstanding. Mutual fund holders own 32.38%, while other institutional holders and individual stakeholders account for 57.13% and 12.61% respectively.
It has a market capitalization of $6.89B and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 18.86, while the earnings-per-share (ttm) stands at $15.56. The company has a PEG of 7.86 and a Quick Ratio of 1.10 with the debt-to-equity ratio at 0.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.51% over the week and 2.18% over the month.
Analysts forecast that CACI International Inc (CACI) will achieve an EPS of $4.36 for the current quarter, $4.67 for the next quarter and $19.81 for 2024. The lowest estimate earnings-per-share for the quarter is $3.99 while analysts give the company a high EPS estimate of $4.56. Comparatively, EPS for the current quarter was $4.39 a year ago. Earnings per share for the fiscal year are expected to decrease by -15.40%, and 9.40% over the next financial year. EPS should shrink at an annualized rate of 2.40% over the next five years, compared to 18.90% over the past 5-year period.
Looking at the support for the CACI, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on January 03, 2023, with the firm’s price target at $325-$355. Robert W. Baird coverage for the CACI International Inc (CACI) stock in a research note released on July 21, 2022 offered a Outperform rating with a price target of $335. Goldman was of a view on April 13, 2022 that the stock is Neutral, while Stifel gave the stock Hold rating on March 18, 2022, issuing a price target of $305. Raymond James on their part issued Outperform rating on January 31, 2022.