Robert W. Baird Increases CACI International (NYSE:CACI) Price Target to $640.00

CACI International (NYSE:CACI) had its price objective hoisted by investment analysts at Robert W. Baird from $533.00 to $640.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the information technology services provider’s stock. Robert W. Baird’s target price suggests a potential upside of 16.92% from the company’s previous close.

Several other equities analysts have also commented on the company. TD Cowen boosted their price target on CACI International from $435.00 to $480.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Wells Fargo & Company upped their target price on CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Raymond James lowered CACI International from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. Truist Financial upped their target price on CACI International from $500.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, Bank of America upped their target price on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $534.70.

CACI International Stock Performance

CACI International stock opened at $547.36 on Friday. The stock’s 50 day moving average price is $496.80 and its 200 day moving average price is $450.76. The firm has a market capitalization of $12.20 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 2.22 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.27. CACI International has a one year low of $302.21 and a one year high of $570.28.

CACI International (NYSE:CACI) last released its quarterly 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 firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.92 billion. CACI International had a return on equity of 14.31% and a net margin of 5.48%. CACI International’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.36 EPS. As a group, sell-side analysts expect that CACI International will post 23 EPS for the current fiscal year.

Insider Activity

In other news, Director Gregory G. Johnson sold 300 shares of the business’s stock in a transaction that occurred on 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 directly owns 5,910 shares in the company, valued at approximately $2,783,610. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO John S. Mengucci sold 10,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 91,368 shares in the company, valued at $42,319,830.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory G. Johnson sold 300 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total value of $141,300.00. Following the transaction, the director now owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The trade was a 0.00 % decrease in their ownership of the stock. 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. 1.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CACI. UMB Bank n.a. boosted its position in CACI International by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 35 shares during the period. Versant Capital Management Inc boosted its position in CACI International by 900.0% during the 2nd quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock worth $43,000 after acquiring an additional 90 shares during the period. GPS Wealth Strategies Group LLC boosted its position in CACI International by 35.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock worth $174,000 after acquiring an additional 105 shares during the period. Argent Capital Management LLC acquired a new position in CACI International during the 3rd quarter worth $208,000. Finally, Covestor Ltd boosted its position in CACI International by 8.9% during the 1st quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock worth $237,000 after acquiring an additional 51 shares during the period. 86.43% of the stock is currently owned by 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.