Today’s Market Runner: Could CACI International Inc Change Direction After Achieving 52-Week High?

Today's Market Runner: Could CACI International Inc Change Direction After Achieving 52 Week High?

The stock of CACI International Inc (NYSE:CACI) hit a new 52-week high and has $133.17 target or 4.00% above today’s $128.05 share price. The 7 months bullish chart indicates low risk for the $3.13 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $133.17 price target is reached, the company will be worth $125.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 33,235 shares traded hands. CACI International Inc (NYSE:CACI) has risen 15.48% since April 20, 2016 and is uptrending. It has outperformed by 10.92% the S&P500.

CACI International Inc (NYSE:CACI) Ratings Coverage

Out of 10 analysts covering Caci International Inc (NYSE:CACI), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. $120 is the highest target while $91 is the lowest. The $103.43 average target is -19.23% below today’s ($128.05) stock price. Caci International Inc has been the topic of 26 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Wednesday, December 9 by BB&T Capital. As per Tuesday, December 8, the company rating was maintained by Maxim Group. The company was maintained on Thursday, October 29 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets on Friday, October 30 with “Sector Perform”. Wells Fargo upgraded the stock to “Outperform” rating in Thursday, January 7 report. On Tuesday, November 15 the stock rating was downgraded by Noble Financial to “Hold”. The stock of CACI International Inc (NYSE:CACI) has “Buy” rating given on Wednesday, December 9 by Stifel Nicolaus. The stock has “Hold” rating given by Noble Financial on Thursday, November 12. The stock of CACI International Inc (NYSE:CACI) has “Buy” rating given on Friday, August 14 by Noble Financial. Maxim Group maintained it with “Buy” rating and $108 target price in Thursday, October 29 report.

According to Zacks Investment Research, “CACI International Inc provides the IT and network solutions needed to prevail in today’s new era of defense, intelligence, and e-government. From systems integration and managed network solutions to knowledge management, engineering, simulation, and information assurance, we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. Company’s solutions lead the transformation of defense and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively.”

Insitutional Activity: The institutional sentiment increased to 1.46 in Q2 2016. Its up 0.53, from 0.93 in 2016Q1. The ratio increased, as 37 funds sold all CACI International Inc shares owned while 67 reduced positions. 21 funds bought stakes while 76 increased positions. They now own 21.41 million shares or 21.70% less from 27.34 million shares in 2016Q1.
Advsrs Asset Mngmt owns 256 shares or 0% of their US portfolio. California State Teachers Retirement Systems, a California-based fund reported 51,132 shares. Rothschild Asset Mgmt Incorporated reported 77,395 shares or 0.13% of all its holdings. Wealthtrust reported 145 shares or 0.01% of all its holdings. State Common Retirement Fund holds 25,600 shares or 0% of its portfolio. Geode Ltd Liability Corporation accumulated 0.01% or 170,703 shares. Mesirow Financial Inv Mngmt owns 234,058 shares or 1.23% of their US portfolio. Amer Intll Gru holds 0% or 18,106 shares in its portfolio. Cantab Capital Llp accumulated 0% or 3,663 shares. Gerstein Fisher last reported 4,557 shares in the company. Moreover, Martingale Asset Mgmt Ltd Partnership has 0.01% invested in CACI International Inc (NYSE:CACI) for 9,712 shares. Moreover, Clark Cap Mngmt Gru Inc has 0.02% invested in CACI International Inc (NYSE:CACI) for 2,639 shares. Teachers Advisors holds 0.03% of its portfolio in CACI International Inc (NYSE:CACI) for 181,296 shares. Panagora Asset Mgmt Incorporated last reported 180,612 shares in the company. Morgan Stanley owns 34,369 shares or 0% of their US portfolio.

Insider Transactions: Since June 7, 2016, the stock had 0 buys, and 11 sales for $1.32 million net activity. Another trade for 105 shares valued at $9,890 was made by Wallace William S on Monday, August 15. On Thursday, August 25 Pavitt James L sold $98,445 worth of the stock or 1,000 shares. MUTRYN THOMAS A had sold 6,129 shares worth $674,190 on Wednesday, November 9. 300 shares were sold by Johnson Gregory G, worth $35,652. PHILLIPS WARREN R also sold $25,176 worth of CACI International Inc (NYSE:CACI) on Thursday, September 1. Another trade for 966 shares valued at $97,286 was sold by REVOILE CHARLES P.

More recent CACI International Inc (NYSE:CACI) news were published by: Bizjournals.com which released: “​Drexel Hamilton: CACI to pay down debt, make acquisitions and begin growing” on November 18, 2016. Also Businesswire.com published the news titled: “CACI Awarded Prime Position on $192 Million Multiple-Award Contract to Support …” on November 17, 2016. Bizjournals.com‘s news article titled: “Why revenue growth may be elusive for CACI International in coming year” with publication date: October 19, 2016 was also an interesting one.

CACI Company Profile

CACI International Inc (CACI), incorporated on October 8, 1985, is a simulation technology company. The Firm provides information solutions and services. The Firm operates through two divisions: domestic activities and international operations. The Firm serves clients in the United States federal government and commercial markets, primarily throughout North America and internationally on behalf of the United States customers, as well as in the United Kingdom and the Netherlands. The Company’s primary clients are agencies and departments of the United States government.

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