CACI International (NYSE:CACI) PT Raised to $468.00 at Wells Fargo & Company

CACI International (NYSE:CACI) had its price target hoisted by equities researchers at Wells Fargo & Company from $410.00 to $468.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 14.70% from the stock’s current price.

CACI has been the subject of several other research reports. The Goldman Sachs Group lifted their target price on CACI International from $379.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Robert W. Baird raised their price target on CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Jefferies Financial Group downgraded CACI International from a “buy” rating to a “hold” rating and cut their price target for the stock from $375.00 to $350.00 in a report on Wednesday, January 3rd. Barclays raised their price target on CACI International from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, StockNews.com raised CACI International from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $410.64.

CACI International Price Performance

Shares of CACI opened at $408.01 on Tuesday. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 1.92 and a beta of 0.89. The stock has a 50 day moving average of $374.74 and a 200-day moving average of $346.56. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.48. CACI International has a 52 week low of $293.69 and a 52 week high of $410.64.

CACI International (NYSE:CACI) last issued its earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 EPS for the quarter, topping the consensus estimate of $5.55 by $0.19. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. CACI International had a return on equity of 13.80% and a net margin of 5.37%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.92 EPS. As a group, analysts forecast that CACI International will post 20.36 EPS for the current year.

Insider Transactions at CACI International

In other news, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the sale, the executive vice president now owns 23,385 shares of the company’s stock, valued at approximately $8,827,369.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP J William Koegel, Jr. sold 500 shares of CACI International stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the transaction, the executive vice president now directly owns 23,385 shares in the company, valued at approximately $8,827,369.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory G. Johnson sold 150 shares of CACI International stock in a transaction on Monday, February 12th. The stock was sold at an average price of $361.69, for a total value of $54,253.50. Following the completion of the transaction, the director now owns 6,446 shares in the company, valued at $2,331,453.74. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On CACI International

A number of hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in shares of CACI International by 36.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,073 shares of the information technology services provider’s stock worth $2,301,000 after acquiring an additional 1,628 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of CACI International by 147.5% during the first quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider’s stock valued at $13,243,000 after buying an additional 20,835 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of CACI International by 293.2% during 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 buying an additional 35,788 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of CACI International by 21.4% during 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 buying an additional 14,602 shares in the last quarter. Finally, HTLF Bank purchased a new position in shares of CACI International during the first quarter valued at $229,000. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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.