Truist Financial Has Lowered Expectations for CACI International (NYSE:CACI) Stock Price

CACI International (NYSE:CACI) had its price target dropped by equities research analysts at Truist Financial from $650.00 to $550.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the information technology services provider’s stock. Truist Financial’s price target would indicate a potential upside of 17.33% from the company’s current price.

Several other equities research analysts also recently commented on CACI. TD Cowen lifted their price objective on shares of CACI International from $545.00 to $570.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Bank of America lifted their price target on CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Barclays increased their price objective on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Robert W. Baird upped their target price on CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company increased their price target on shares of CACI International from $525.00 to $577.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $537.20.

CACI International Trading Down 1.4 %

Shares of NYSE:CACI opened at $468.78 on Friday. The business’s 50-day moving average is $517.47 and its 200 day moving average is $470.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. CACI International has a 1 year low of $314.06 and a 1 year high of $588.26. The firm has a market capitalization of $10.50 billion, a P/E ratio of 23.23, a P/E/G ratio of 1.85 and a beta of 0.91.

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 (EPS) for the quarter, beating the consensus estimate of $5.08 by $0.85. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.36 earnings per share. On average, research analysts predict that CACI International will post 23.47 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP J William Koegel, Jr. sold 970 shares of CACI International stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $483.27, for a total value of $468,771.90. Following the sale, the executive vice president now owns 22,651 shares in the company, valued at $10,946,548.77. This trade represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gregory R. Bradford sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the transaction, the insider now owns 35,538 shares of the company’s stock, valued at approximately $17,499,266.58. This trade represents a 21.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On CACI International

A number of hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. increased its position in shares of CACI International by 40.0% during the third quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 18 shares in the last quarter. UMB Bank n.a. boosted its stake in CACI International by 81.4% during 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 grew its holdings in shares of CACI International by 900.0% during the second quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock worth $43,000 after buying an additional 90 shares in the last quarter. Coastline Trust Co purchased a new position in shares of CACI International in the third quarter worth about $45,000. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

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.