CACI International (NYSE:CACI) PT Raised to $430.00

CACI International (NYSE:CACI) had its target price raised by Stifel Nicolaus from $390.00 to $430.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the information technology services provider’s stock.

Several other equities analysts also recently issued reports on CACI. JPMorgan Chase & Co. upped their target price on CACI International from $375.00 to $383.00 and gave the company an overweight rating in a research report on Tuesday, February 6th. Wells Fargo & Company upped their target price on CACI International from $387.00 to $410.00 and gave the company an overweight rating in a research report on Thursday, April 4th. Robert W. Baird increased their price target on CACI International from $370.00 to $464.00 and gave the stock an outperform rating in a research report on Monday, April 8th. Truist Financial increased their price target on CACI International from $385.00 to $410.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. Finally, The Goldman Sachs Group increased their price target on CACI International from $379.00 to $425.00 and gave the stock a neutral rating in a research report on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CACI International has an average rating of Moderate Buy and an average price target of $400.82.

CACI International Price Performance

NYSE CACI opened at $382.41 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s fifty day moving average price is $371.27 and its 200 day moving average price is $344.37. CACI International has a 1 year low of $293.69 and a 1 year high of $385.70. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 1.84 and a beta of 0.89.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.50 by ($0.14). CACI International had a net margin of 5.31% and a return on equity of 13.65%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company earned $4.28 earnings per share. CACI International’s revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts forecast that CACI International will post 20.27 earnings per share for the current year.

Insider Transactions at CACI International

In other news, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the sale, the executive vice president now directly owns 23,385 shares of the company’s stock, valued at approximately $8,827,369.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the sale, the executive vice president now directly owns 23,385 shares of the company’s stock, valued at approximately $8,827,369.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gregory G. Johnson sold 150 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $361.69, for a total transaction of $54,253.50. Following the sale, the director now directly owns 6,446 shares in the company, valued at $2,331,453.74. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Eagle Bay Advisors LLC lifted its stake in CACI International by 91.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock valued at $43,000 after buying an additional 63 shares in the last quarter. Anchor Investment Management LLC purchased a new position in CACI International in the 4th quarter valued at about $152,000. Covestor Ltd lifted its stake in CACI International by 9.1% in the 3rd quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock valued at $170,000 after buying an additional 45 shares in the last quarter. Confluence Wealth Services Inc. purchased a new position in CACI International in the 1st quarter valued at about $237,000. Finally, Cetera Trust Company N.A purchased a new position in CACI International in the 4th quarter valued at about $308,000. 86.43% of the stock is owned by hedge funds and other institutional investors.

About CACI International

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.