CACI International (NYSE:CACI) Price Target Raised to $610.00

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

A number of other brokerages have also recently issued reports on CACI. Robert W. Baird raised their price objective on CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Truist Financial reissued a “buy” rating and set a $650.00 price objective (up from $520.00) on shares of CACI International in a research report on Friday, October 25th. Raymond James downgraded CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. 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. Finally, Wells Fargo & Company lifted their price objective on CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $545.70.

CACI International Price Performance

CACI International stock opened at $552.59 on Tuesday. CACI International has a 52 week low of $314.06 and a 52 week high of $570.28. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.42. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 2.22 and a beta of 0.93. The business has a 50-day simple moving average of $502.18 and a 200 day simple moving average of $454.75.

CACI International (NYSE:CACI) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.85. The company 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 firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.36 earnings per share. On average, research analysts forecast that CACI International will post 23 earnings per share for the current fiscal year.

Insider Buying and Selling at CACI International

In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the completion of the sale, the chief executive officer now directly owns 91,368 shares in the company, valued at $42,319,830.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 91,368 shares in the company, valued at $42,319,830.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP J William Koegel, Jr. sold 970 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $483.27, for a total transaction of $468,771.90. Following the sale, the executive vice president now owns 22,651 shares in the company, valued at approximately $10,946,548.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,270 shares of company stock worth $10,165,972. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On CACI International

Institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its position in shares of CACI International by 81.4% in the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after buying an additional 35 shares in the last quarter. Versant Capital Management Inc grew its stake 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 valued at $43,000 after buying an additional 90 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in 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 purchasing an additional 19 shares during the period. GPS Wealth Strategies Group LLC increased its stake in CACI International by 35.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock worth $174,000 after buying an additional 105 shares during the period. Finally, Argent Capital Management LLC purchased a new position in shares of CACI International during the third quarter worth approximately $208,000. 86.43% of the stock is owned by hedge funds and other institutional investors.

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.