CACI International (NYSE:CACI) PT Raised to $610.00

CACI International (NYSE:CACI) had its price objective upped by Barclays from $500.00 to $610.00 in a report released on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the information technology services provider’s stock.

A number of other equities research analysts also recently commented on CACI. TD Cowen lifted their price objective on CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their price target on CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Robert W. Baird increased their price objective on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company boosted 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. Finally, JPMorgan Chase & Co. increased their price target on shares of CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, CACI International has a consensus rating of “Moderate Buy” and an average price target of $545.70.

CACI International Trading Up 2.8 %

Shares of CACI stock opened at $563.36 on Tuesday. CACI International has a twelve month low of $312.78 and a twelve month high of $570.28. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 2.22 and a beta of 0.93. The firm has a 50-day moving average price of $500.36 and a 200 day moving average price of $453.99. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42.

CACI International (NYSE:CACI) last posted its quarterly earnings data 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. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.92 billion. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.36 earnings per share. Research analysts forecast that CACI International will post 23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John S. Mengucci sold 10,000 shares of the firm’s 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 transaction, the chief executive officer now owns 91,368 shares of the company’s stock, valued at approximately $42,319,830.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Gregory G. Johnson sold 300 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total transaction of $141,300.00. Following the transaction, the director now directly owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John S. Mengucci sold 10,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 91,368 shares in the company, valued at $42,319,830.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,270 shares of company stock worth $10,165,972 over the last ninety days. 1.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On CACI International

Several hedge funds and other institutional investors have recently bought and sold shares of CACI. Van ECK Associates Corp lifted its position in CACI International by 293.2% during the 1st quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider’s stock worth $18,182,000 after acquiring an additional 35,788 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in CACI International by 147.5% during the 1st quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider’s stock worth $13,243,000 after purchasing an additional 20,835 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in CACI International by 36.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,073 shares of the information technology services provider’s stock worth $2,301,000 after purchasing an additional 1,628 shares during the last quarter. BNP Paribas purchased a new stake in CACI International during the 1st quarter worth approximately $1,191,000. Finally, Central Pacific Bank Trust Division purchased a new stake in CACI International during the 1st quarter worth approximately $1,069,000. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Company Profile

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.