CACI International (NYSE:CACI) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of CACI International (NYSE:CACI) from a hold rating to a buy rating in a research report sent to investors on Thursday.

A number of other research firms have also recently issued reports on CACI. Truist Financial boosted their price objective on shares of CACI International from $385.00 to $410.00 and gave the company a buy rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. boosted their price target on shares of CACI International from $375.00 to $383.00 and gave the company an overweight rating in a research report on Tuesday, February 6th. The Goldman Sachs Group boosted their price target on shares of CACI International from $379.00 to $425.00 and gave the company a neutral rating in a research report on Tuesday, April 16th. Robert W. Baird boosted their price target on shares of CACI International from $370.00 to $464.00 and gave the company an outperform rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus boosted their price target on shares of CACI International from $390.00 to $430.00 and gave the company a buy rating in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $400.82.

CACI International Price Performance

Shares of NYSE:CACI opened at $404.87 on Thursday. The stock has a market cap of $9.03 billion, a PE ratio of 23.39, a PEG ratio of 2.01 and a beta of 0.89. The company’s fifty day moving average is $373.20 and its 200 day moving average is $345.62. CACI International has a 52 week low of $293.69 and a 52 week high of $406.78. The company has a quick ratio of 1.32, a current ratio of 1.28 and a debt-to-equity ratio of 0.48.

CACI International (NYSE:CACI) last released its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.55 by $0.19. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company earned $4.92 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Research analysts anticipate that CACI International will post 20.39 earnings per share for the current year.

Insider Transactions at CACI International

In other news, Director Gregory G. Johnson sold 150 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $361.69, for a total value of $54,253.50. Following the completion of the sale, the director now directly owns 6,446 shares of the company’s stock, valued at $2,331,453.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Gregory G. Johnson sold 150 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $361.69, for a total transaction of $54,253.50. Following the completion of the transaction, the director now directly owns 6,446 shares of the company’s stock, valued at $2,331,453.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP J William Koegel, Jr. sold 500 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the transaction, the executive vice president now directly owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The disclosure for this sale can be found here. Corporate insiders own 1.23% of the company’s stock.

Hedge Funds Weigh In On CACI International

Institutional investors have recently bought and sold shares of the stock. Eagle Bay Advisors LLC grew its stake in CACI International by 91.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock valued at $43,000 after acquiring an additional 63 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of CACI International in the 4th quarter worth $152,000. Covestor Ltd grew its stake in shares of CACI International by 9.1% in the 3rd quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock worth $170,000 after buying an additional 45 shares in the last quarter. HTLF Bank purchased a new position in shares of CACI International in the 1st quarter worth $229,000. Finally, Confluence Wealth Services Inc. purchased a new position in shares of CACI International in the 1st quarter worth $237,000. 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.