CACI International (NYSE:CACI) Price Target Lowered to $475.00 at Truist Financial

CACI International (NYSE:CACI) had its price objective decreased by Truist Financial from $550.00 to $475.00 in a report issued on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the information technology services provider’s stock.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of CACI International from a “buy” rating to a “hold” rating in a research report on Saturday, January 25th. Jefferies Financial Group dropped their target price on CACI International from $520.00 to $455.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Raymond James reiterated an “outperform” rating and set a $490.00 price target (up from $475.00) on shares of CACI International in a research report on Thursday, January 23rd. Cantor Fitzgerald raised shares of CACI International to a “strong-buy” rating in a report on Tuesday, February 25th. Finally, Robert W. Baird reissued an “outperform” rating and set a $640.00 price target on shares of CACI International in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CACI International has a consensus rating of “Moderate Buy” and an average price target of $508.31.

CACI International Trading Up 3.4 %

NYSE:CACI opened at $426.60 on Monday. The firm has a 50 day moving average of $368.33 and a 200 day moving average of $432.76. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.80. CACI International has a 52 week low of $318.60 and a 52 week high of $588.26. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.01 and a beta of 0.78.

CACI International (NYSE:CACI) last posted its quarterly earnings data on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $5.28 by $0.67. CACI International had a return on equity of 15.30% and a net margin of 5.90%. As a group, sell-side analysts anticipate that CACI International will post 23.94 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Debora A. Plunkett sold 309 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $363.62, for a total value of $112,358.58. Following the completion of the sale, the director now directly owns 2,315 shares of the company’s stock, valued at approximately $841,780.30. This represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On CACI International

Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its stake in shares of CACI International by 35.2% during the fourth quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider’s stock worth $63,477,000 after acquiring an additional 40,867 shares during the period. Running Oak Capital LLC increased its position in CACI International by 8.9% during the 4th quarter. Running Oak Capital LLC now owns 31,139 shares of the information technology services provider’s stock worth $12,582,000 after purchasing an additional 2,533 shares during the period. RNC Capital Management LLC acquired a new position in CACI International during the 4th quarter worth approximately $315,000. Leuthold Group LLC acquired a new stake in shares of CACI International in the 4th quarter valued at approximately $2,647,000. Finally, Ramirez Asset Management Inc. boosted its stake in shares of CACI International by 287.2% in the fourth quarter. Ramirez Asset Management Inc. now owns 2,490 shares of the information technology services provider’s stock valued at $1,006,000 after buying an additional 1,847 shares in the last quarter. Institutional investors and hedge funds 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.