CACI International (NYSE:CACI) Price Target Raised to $570.00

CACI International (NYSE:CACI) had its target price boosted by TD Cowen from $545.00 to $570.00 in a report issued on Friday morning, Benzinga reports. They currently have a buy rating on the information technology services provider’s stock.

A number of other research firms have also recently commented on CACI. JPMorgan Chase & Co. increased their target price on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Robert W. Baird boosted their target price on CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday. The Goldman Sachs Group increased their price target on shares of CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a research report on Friday. Truist Financial restated a “buy” rating and issued a $650.00 price objective (up from $520.00) on shares of CACI International in a report on Friday. Finally, Wells Fargo & Company increased their target price on shares of CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $534.70.

CACI International Price Performance

NYSE:CACI opened at $547.78 on Friday. The stock has a fifty day moving average of $498.42 and a 200 day moving average of $452.61. CACI International has a 52-week low of $312.78 and a 52-week high of $570.28. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 2.22 and a beta of 0.93. 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 (NYSE:CACI) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the firm posted $4.36 earnings per share. CACI International’s quarterly revenue was up 11.2% on a year-over-year basis. On average, research analysts expect that CACI International will post 23 EPS for the current fiscal year.

Insider Activity at CACI International

In related news, CEO John S. Mengucci sold 10,000 shares of CACI International stock in a transaction on Monday, August 19th. The shares were sold at an average price of $463.18, for a total value of $4,631,800.00. Following the sale, the chief executive officer now owns 91,368 shares in the company, valued at $42,319,830.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $463.18, for a total value of $4,631,800.00. Following the completion of the transaction, the chief executive officer now owns 91,368 shares of the company’s stock, valued at approximately $42,319,830.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP J William Koegel, Jr. sold 970 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $483.27, for a total value of $468,771.90. Following the completion of the sale, the executive vice president now directly owns 22,651 shares in the company, valued at approximately $10,946,548.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,270 shares of company stock worth $10,165,972 in the last 90 days. Company insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On CACI International

Hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its position in shares of CACI International by 81.4% in the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 35 shares during the last quarter. Versant Capital Management Inc increased its stake in CACI International by 900.0% during the 2nd quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 90 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in CACI International by 9.8% in the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after buying an additional 19 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in shares of CACI International by 35.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock worth $174,000 after buying an additional 105 shares in the last quarter. Finally, Argent Capital Management LLC purchased a new stake in shares of CACI International during the third quarter valued at approximately $208,000. 86.43% of the stock is owned by institutional investors.

About CACI International

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.