CACI International (NYSE:CACI) Price Target Raised to $625.00

CACI International (NYSE:CACI) had its price target raised by Barclays from $610.00 to $625.00 in a report published on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the information technology services provider’s stock.

CACI has been the subject of a number of other research reports. The Goldman Sachs Group lifted their target price on shares of CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Raymond James cut CACI International from an “outperform” rating to a “market perform” rating in a research note on Monday, August 5th. TD Cowen increased their target price on CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Robert W. Baird lifted their price target on CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company increased their price objective on CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research report 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $547.20.

CACI International Price Performance

Shares of NYSE:CACI traded down $13.41 on Tuesday, reaching $477.91. 93,347 shares of the company traded hands, compared to its average volume of 117,100. The stock has a market capitalization of $10.71 billion, a PE ratio of 24.34, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. The company’s 50 day moving average is $518.72 and its 200-day moving average is $467.68. CACI International has a fifty-two week low of $314.06 and a fifty-two week high of $588.26.

CACI International (NYSE:CACI) last issued its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, topping the consensus estimate of $5.08 by $0.85. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. CACI International’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.36 earnings per share. As a group, analysts anticipate that CACI International will post 23.42 earnings per share for the current fiscal year.

Insider Buying and Selling at CACI International

In other news, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the transaction, the chief executive officer now directly owns 91,368 shares of the company’s stock, valued at approximately $42,319,830.24. This trade represents a 9.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP J William Koegel, Jr. sold 970 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 22,651 shares in the company, valued at $10,946,548.77. The trade was a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,270 shares of company stock valued at $10,165,972 in the last ninety days. 1.35% of the stock is currently owned by corporate insiders.

Institutional Trading of CACI International

Large investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of CACI International by 1.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock valued at $146,623,000 after acquiring an additional 5,610 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of CACI International by 42.5% during the third quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock valued at $60,917,000 after purchasing an additional 34,647 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of CACI International by 3.7% during the third quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock worth $34,179,000 after purchasing an additional 2,396 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of CACI International by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock valued at $29,745,000 after buying an additional 15,961 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in CACI International by 26.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock worth $21,043,000 after buying an additional 10,295 shares during the period. 86.43% of the stock is owned by institutional investors and hedge funds.

About CACI International

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.