CACI International (NYSE:CACI) Price Target Raised to $450.00 at Barclays

CACI International (NYSE:CACI) had its price target hoisted by Barclays from $400.00 to $450.00 in a research report released on Tuesday, Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of CACI International from $375.00 to $383.00 and gave the stock an overweight rating in a research note on Tuesday, February 6th. Jefferies Financial Group lowered CACI International from a buy rating to a hold rating and lowered their price objective for the stock from $375.00 to $350.00 in a research note on Wednesday, January 3rd. Stifel Nicolaus upped their target price on CACI International from $390.00 to $430.00 and gave the company a buy rating in a report on Tuesday, April 23rd. Wells Fargo & Company lifted their price target on CACI International from $387.00 to $410.00 and gave the stock an overweight rating in a report on Thursday, April 4th. Finally, The Goldman Sachs Group upped their price objective on shares of CACI International from $379.00 to $425.00 and gave the company a neutral rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $410.64.

CACI International Stock Performance

NYSE CACI opened at $402.23 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.28 and a quick ratio of 1.28. The stock’s 50 day simple moving average is $373.98 and its 200-day simple moving average is $346.11. The company has a market cap of $8.97 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 2.00 and a beta of 0.89. CACI International has a 1-year low of $293.69 and a 1-year high of $409.11.

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

Insiders Place Their Bets

In other CACI International news, Director Gregory G. Johnson sold 150 shares of the stock in a transaction dated 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 owns 6,446 shares of the company’s stock, valued at $2,331,453.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP J William Koegel, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the transaction, the executive vice president now owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gregory G. Johnson sold 150 shares of the firm’s stock in a transaction that occurred 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 approximately $2,331,453.74. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp boosted its stake in shares of CACI International by 293.2% in the first quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider’s stock valued at $18,182,000 after purchasing an additional 35,788 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in shares of CACI International by 21.4% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 82,741 shares of the information technology services provider’s stock valued at $31,345,000 after purchasing an additional 14,602 shares during the period. HTLF Bank purchased a new position in shares of CACI International in the first quarter valued at approximately $229,000. Confluence Wealth Services Inc. purchased a new position in shares of CACI International in the first quarter valued at approximately $237,000. Finally, Running Oak Capital LLC boosted its stake in shares of CACI International by 10.6% in the first quarter. Running Oak Capital LLC now owns 30,101 shares of the information technology services provider’s stock valued at $11,403,000 after purchasing an additional 2,883 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.

CACI International Company Profile

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.