CACI International (NYSE:CACI) Price Target Raised to $430.00

CACI International (NYSE:CACI) had its price target increased by Stifel Nicolaus from $390.00 to $430.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the information technology services provider’s stock.

Several other equities analysts have also commented on the stock. StockNews.com lowered shares of CACI International from a buy rating to a hold rating in a report on Monday, April 15th. JPMorgan Chase & Co. upped their price objective on shares of CACI International from $375.00 to $383.00 and gave the stock an overweight rating in a report on Tuesday, February 6th. Wells Fargo & Company upped their price objective on shares of CACI International from $387.00 to $410.00 and gave the stock an overweight rating in a report on Thursday, April 4th. Truist Financial upped their target price on shares of CACI International from $385.00 to $410.00 and gave the stock a buy rating in a research note on Tuesday, April 9th. Finally, The Goldman Sachs Group upped their target price on shares of CACI International from $379.00 to $425.00 and gave the stock a neutral rating in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $400.82.

CACI International Stock Performance

NYSE:CACI opened at $401.48 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.90 and a beta of 0.89. The company’s 50-day moving average is $371.66 and its two-hundred day moving average is $344.62. CACI International has a 1-year low of $293.69 and a 1-year high of $403.85.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.19. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. CACI International had a net margin of 5.31% and a return on equity of 13.65%. CACI International’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $4.92 EPS. Analysts forecast that CACI International will post 20.27 EPS for the current year.

Insider Buying and Selling at CACI International

In related news, Director Gregory G. Johnson sold 150 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $361.69, for a total transaction of $54,253.50. Following the completion of the sale, the director now owns 6,446 shares in the company, valued at approximately $2,331,453.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Gregory G. Johnson sold 150 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $361.69, for a total transaction of $54,253.50. Following the completion of the sale, the director now owns 6,446 shares in the company, valued at approximately $2,331,453.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction of $188,740.00. Following the sale, the executive vice president now owns 23,385 shares of the company’s stock, valued at approximately $8,827,369.80. The disclosure for this sale can be found here. Insiders own 1.23% of the company’s stock.

Institutional Trading of CACI International

Hedge funds have recently made changes to their positions in the company. Eagle Bay Advisors LLC lifted its stake in shares of CACI International by 91.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock worth $43,000 after acquiring an additional 63 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of CACI International in the 4th quarter worth $152,000. Covestor Ltd lifted its stake in shares of CACI International by 9.1% in the 3rd quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock worth $170,000 after acquiring an additional 45 shares during the period. HTLF Bank acquired a new stake in shares of CACI International in the 1st quarter worth $229,000. Finally, Confluence Wealth Services Inc. acquired a new stake in shares of CACI International in the 1st quarter worth $237,000. Institutional investors and hedge funds 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.