Oil prices hold sharp losses with focus on secondary India tariffs
Debora A. Plunkett, a director at CACI International Inc . (NYSE:CACI), recently sold shares of the company, according to a recent SEC filing. The technology services provider, currently valued at $8.4 billion, maintains a strong financial health rating according to InvestingPro analysis. On March 12, Plunkett sold 309 shares of CACI common stock at a price of $363.62 per share, totaling approximately $112,358. Following this transaction, Plunkett now holds 2,315 shares directly. This sale is part of routine transactions reported by company insiders. The company, which trades at a relatively low P/E ratio compared to its near-term earnings growth, currently shows signs of being undervalued based on InvestingPro’s Fair Value analysis. Analysts maintain a bullish outlook on CACI, with comprehensive insights available in the Pro Research Report, one of 1,400+ detailed company analyses on InvestingPro.
In other recent news, CACI International reported strong financial results for the first quarter of fiscal year 2025, with earnings per share of $5.95, surpassing the forecast of $5.20. Revenue reached $2.1 billion, exceeding expectations of $2.02 billion, marking an 11.2% year-over-year growth. The company also raised its revenue guidance for FY2025 to between $8.1 billion and $8.3 billion. Truist Securities maintained a Buy rating on CACI, with a $550 price target, citing the company’s ability to exceed expectations and its limited exposure to Federal Civilian spending. CACI’s recent performance has led to an upward revision of its financial forecast, indicating confidence in the company’s continued growth. The firm noted that CACI’s alignment with the Department of Government Efficiency’s initiatives positions it favorably, despite market concerns about government spending cuts. Additionally, CACI reported a 45% decrease in contract awards for the second quarter, which has raised concerns about potential government spending reductions. However, analysts have provided mixed views, with some highlighting CACI’s strong pipeline and backlog growth as positive indicators for the company’s outlook.
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