Barclays Boosts CACI International (NYSE:CACI) Price Target to $625.00

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

A number of other brokerages have also recently issued reports on CACI. Truist Financial reaffirmed a “buy” rating and issued a $650.00 price objective (up previously from $520.00) on shares of CACI International in a research note 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. Wells Fargo & Company lifted their price target on CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. The Goldman Sachs Group raised 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. Finally, TD Cowen upped their target price on shares of CACI International from $545.00 to $570.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $547.20.

CACI International Stock Down 4.2 %

CACI opened at $470.61 on Tuesday. CACI International has a 12 month low of $314.06 and a 12 month high of $588.26. The company has a 50 day moving average of $518.79 and a 200 day moving average of $468.14. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The company has a market cap of $10.55 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91.

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, beating analysts’ consensus estimates of $5.08 by $0.85. The firm 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 business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.36 EPS. On average, sell-side analysts expect that CACI International will post 23.42 EPS for the current year.

Insider Buying and Selling at CACI International

In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $463.18, for a total value of $4,631,800.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gregory G. Johnson sold 300 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The trade was a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,270 shares of company stock valued at $10,165,972. 1.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CACI International

Hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its holdings in shares of CACI International by 40.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 18 shares in the last quarter. UMB Bank n.a. grew its position in shares of 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 valued at $39,000 after acquiring an additional 35 shares during the period. Versant Capital Management Inc increased its stake in shares of CACI International by 900.0% in the 2nd quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 90 shares in the last quarter. Coastline Trust Co purchased a new position in shares of CACI International in the 3rd quarter valued at about $45,000. Finally, Rosenberg Matthew Hamilton raised its holdings in CACI International by 9.8% in the 3rd 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. 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.