CACI International (NYSE:CACI) Price Target Raised to $555.00 at Bank of America

CACI International (NYSE:CACI) had its price objective hoisted by Bank of America from $535.00 to $555.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the information technology services provider’s stock.

Other equities research analysts also recently issued reports about the company. Truist Financial boosted their target price on CACI International from $500.00 to $520.00 and gave the stock a buy rating in a report on Thursday, September 5th. Barclays upped their price target on CACI International from $450.00 to $500.00 and gave the company an overweight rating in a report on Monday, August 12th. Raymond James downgraded CACI International from an outperform rating to a market perform rating in a report on Monday, August 5th. TD Cowen upped their price target on CACI International from $435.00 to $480.00 and gave the company a buy rating in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. upped their price target on CACI International from $383.00 to $458.00 and gave the company an overweight rating in a report on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, CACI International has a consensus rating of Moderate Buy and an average target price of $465.00.

CACI International Trading Down 1.1 %

CACI International stock opened at $485.00 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42. The business’s fifty day simple moving average is $461.21 and its two-hundred day simple moving average is $423.00. CACI International has a 12 month low of $302.21 and a 12 month high of $498.00. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 EPS for the quarter, topping the consensus estimate of $5.93 by $0.68. CACI International had a return on equity of 14.31% and a net margin of 5.48%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the company posted $5.30 earnings per share. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, equities analysts predict that CACI International will post 23.07 earnings per share for the current fiscal year.

Insider Buying and Selling at CACI International

In other CACI International news, EVP J William Koegel, Jr. sold 970 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $483.27, for a total value of $468,771.90. Following the transaction, the executive vice president now owns 22,651 shares of the company’s stock, valued at $10,946,548.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other CACI International news, EVP J William Koegel, Jr. sold 970 shares of the company’s stock in a transaction dated 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 owns 22,651 shares in the company, valued at $10,946,548.77. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gregory G. Johnson sold 300 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total value of $141,300.00. Following the completion of the sale, the director now owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,270 shares of company stock valued at $5,241,872. 1.23% of the stock is owned by company insiders.

Institutional Trading of CACI International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC purchased a new stake in shares of CACI International during the first quarter worth about $18,271,000. Van ECK Associates Corp grew its position in shares of CACI International by 293.2% during the first quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider’s stock worth $18,182,000 after purchasing an additional 35,788 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of CACI International by 147.5% during the first 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 in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of CACI International by 21.4% during the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 82,741 shares of the information technology services provider’s stock worth $31,345,000 after purchasing an additional 14,602 shares in the last quarter. Finally, M&R Capital Management Inc. grew its position in shares of CACI International by 487.2% during the second quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider’s stock worth $7,282,000 after purchasing an additional 14,047 shares in the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

About CACI International

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.