CACI International (NYSE:CACI) Rating Increased to Buy at StockNews.com

CACI International (NYSE:CACI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other research analysts have also commented on the stock. Stifel Nicolaus upped their price objective on shares of CACI International from $390.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on shares of CACI International from $375.00 to $383.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Wells Fargo & Company upped their target price on shares of CACI International from $387.00 to $410.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Jefferies Financial Group cut shares of CACI International from a “buy” rating to a “hold” rating and lowered their target price for the company from $375.00 to $350.00 in a research note on Wednesday, January 3rd. Finally, The Goldman Sachs Group upped their target price on shares of CACI International from $379.00 to $425.00 and gave the company 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 issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $400.82.

CACI International Stock Up 0.7 %

CACI International stock opened at $404.54 on Thursday. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 1.89 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 1.32. CACI International has a fifty-two week low of $293.69 and a fifty-two week high of $406.78. The firm has a fifty day moving average price of $373.20 and a two-hundred day moving average price of $345.51.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $5.74 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.19. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. CACI International had a net margin of 5.37% and a return on equity of 13.97%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.92 earnings per share. As a group, analysts forecast that CACI International will post 20.27 earnings per share for the current year.

Insider Activity

In other news, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the sale, the executive vice president now directly owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total value of $188,740.00. Following the transaction, the executive vice president now directly owns 23,385 shares in the company, valued at $8,827,369.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory G. Johnson sold 150 shares of the stock in a transaction that occurred 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 transaction, the director now owns 6,446 shares in the company, valued at $2,331,453.74. The disclosure for this sale can be found here. 1.23% of the stock is owned by insiders.

Institutional Investors Weigh In On CACI International

Hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System raised its holdings in CACI International by 0.5% in the third quarter. California Public Employees Retirement System now owns 129,405 shares of the information technology services provider’s stock worth $40,624,000 after purchasing an additional 630 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in CACI International by 65.2% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 68,139 shares of the information technology services provider’s stock worth $22,067,000 after purchasing an additional 26,887 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new stake in CACI International in the fourth quarter worth $18,360,000. Teachers Retirement System of The State of Kentucky raised its holdings in CACI International by 32.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 12,583 shares of the information technology services provider’s stock worth $3,951,000 after purchasing an additional 3,104 shares during the period. Finally, Amalgamated Bank raised its holdings in CACI International by 10.1% in the third quarter. Amalgamated Bank now owns 16,390 shares of the information technology services provider’s stock worth $5,145,000 after purchasing an additional 1,503 shares during the period. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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.