CACI International (NYSE:CACI) Price Target Lowered to $550.00 at Truist Financial

CACI International (NYSE:CACI) had its target price trimmed by Truist Financial from $650.00 to $550.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the information technology services provider’s stock.

CACI has been the subject of several other reports. The Goldman Sachs Group increased their target price on shares of CACI International from $471.00 to $520.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on shares of CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Robert W. Baird increased their target price on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Barclays upped their price target on CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company upped their price target on CACI International from $525.00 to $577.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $537.20.

CACI International Price Performance

NYSE CACI opened at $468.89 on Friday. CACI International has a 52 week low of $314.06 and a 52 week high of $588.26. The firm has a market capitalization of $10.51 billion, a P/E ratio of 23.24, a PEG ratio of 1.73 and a beta of 0.91. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $517.47 and a 200-day moving average price of $469.75.

CACI International (NYSE:CACI) last released 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 5.77% and a return on equity of 14.78%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.36 EPS. Equities research analysts anticipate that CACI International will post 23.42 earnings per share for the current year.

Insider Activity

In other news, insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the completion of the transaction, the insider now directly owns 35,538 shares in the company, valued at approximately $17,499,266.58. This represents a 21.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP J William Koegel, Jr. sold 970 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $483.27, for a total value of $468,771.90. Following the transaction, the executive vice president now owns 22,651 shares of the company’s stock, valued at $10,946,548.77. This represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Institutional Trading of CACI International

Several hedge funds and other institutional investors have recently bought and sold shares of CACI. Lazard Asset Management LLC purchased a new stake in CACI International during the 1st quarter valued at $653,000. Kennedy Capital Management LLC raised its holdings in CACI International by 39.9% during the 1st quarter. Kennedy Capital Management LLC now owns 8,276 shares of the information technology services provider’s stock valued at $3,135,000 after buying an additional 2,359 shares during the period. Comerica Bank raised its holdings in CACI International by 13.4% during the 1st quarter. Comerica Bank now owns 11,609 shares of the information technology services provider’s stock valued at $4,398,000 after buying an additional 1,372 shares during the period. LRI Investments LLC purchased a new stake in CACI International during the 1st quarter valued at $293,000. Finally, M&R Capital Management Inc. raised its holdings in CACI International by 487.2% during the 2nd quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider’s stock valued at $7,282,000 after buying an additional 14,047 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.

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.