Truist Financial Boosts CACI International (NYSE:CACI) Price Target to $520.00

CACI International (NYSE:CACI) had its target price lifted by Truist Financial from $500.00 to $520.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the information technology services provider’s stock.

Several other equities analysts also recently weighed in on CACI. Bank of America increased their price target on shares of CACI International from $450.00 to $535.00 and gave the stock a buy rating in a report on Tuesday, August 27th. Raymond James cut CACI International from an outperform rating to a market perform rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on CACI International from $383.00 to $458.00 and gave the company an overweight rating in a research report on Wednesday, July 10th. Barclays increased their price target on shares of CACI International from $450.00 to $500.00 and gave the stock an overweight rating in a report on Monday, August 12th. Finally, TD Cowen lifted their price objective on shares of CACI International from $435.00 to $480.00 and gave the company a buy rating in a report on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, CACI International currently has a consensus rating of Moderate Buy and a consensus target price of $463.00.

CACI International Price Performance

Shares of CACI opened at $466.73 on Thursday. The company has a 50 day moving average of $455.44 and a two-hundred day moving average of $418.23. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.42. CACI International has a twelve month low of $302.21 and a twelve month high of $489.18. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.93 by $0.68. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.93 billion. CACI International had a return on equity of 14.31% and a net margin of 5.48%. The firm’s revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.30 EPS. As a group, analysts predict that CACI International will post 23.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CACI International news, Director Gregory G. Johnson sold 200 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $428.19, for a total value of $85,638.00. Following the transaction, the director now directly owns 6,078 shares in the company, valued at approximately $2,602,538.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Gregory G. Johnson sold 200 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $428.19, for a total transaction of $85,638.00. Following the completion of the transaction, the director now directly owns 6,078 shares in the company, valued at approximately $2,602,538.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $463.18, for a total value of $4,631,800.00. Following the sale, the chief executive officer now directly owns 91,368 shares of the company’s stock, valued at $42,319,830.24. The disclosure for this sale can be found here. Insiders sold 11,470 shares of company stock valued at $5,327,510 in the last three months. 1.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CACI International

Institutional investors have recently bought and sold shares of the company. Eagle Bay Advisors LLC lifted its position in shares of 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 worth $43,000 after purchasing an additional 63 shares in the last quarter. Versant Capital Management Inc increased its stake in CACI International by 900.0% during the 2nd quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock worth $43,000 after buying an additional 90 shares during the period. GPS Wealth Strategies Group LLC lifted its holdings in CACI International by 35.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock worth $174,000 after buying an additional 105 shares in the last quarter. HTLF Bank purchased a new position in CACI International in the 1st quarter valued at approximately $229,000. Finally, Covestor Ltd raised its stake in shares of CACI International by 8.9% in the first quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock valued at $237,000 after acquiring an additional 51 shares in the last quarter. 86.43% of the stock is 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.