CACI International (NYSE:CACI) Price Target Raised to $510.00

CACI International (NYSE:CACI) had its price target hoisted by Barclays from $450.00 to $510.00 in a report released on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the information technology services provider’s stock.

Several other brokerages have also recently commented on CACI. Wells Fargo & Company lifted their price target on shares of CACI International from $438.00 to $513.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group reiterated a “buy” rating on shares of CACI International in a research report on Friday, April 25th. Raymond James reissued an “outperform” rating and issued a $490.00 price target (up previously from $475.00) on shares of CACI International in a research note on Thursday, January 23rd. TD Cowen decreased their price objective on CACI International from $610.00 to $480.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Truist Financial set a $525.00 target price on CACI International and gave the company a “buy” rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CACI International currently has an average rating of “Moderate Buy” and an average price target of $515.67.

CACI International Trading Up 0.2 %

CACI stock opened at $458.97 on Tuesday. The business has a fifty day moving average price of $390.56 and a 200 day moving average price of $426.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 1.52. CACI International has a fifty-two week low of $318.60 and a fifty-two week high of $588.26. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.01 and a beta of 0.78.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $6.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.53 by $0.70. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.13 billion. CACI International had a return on equity of 15.30% and a net margin of 5.90%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $5.74 earnings per share. Analysts expect that CACI International will post 23.94 EPS for the current fiscal year.

Insider Transactions at CACI International

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

Hedge Funds Weigh In On CACI International

Large investors have recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new stake in CACI International in the 1st quarter valued at $27,000. UMB Bank n.a. boosted its position in CACI International by 37.2% during the fourth quarter. UMB Bank n.a. now owns 107 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 29 shares during the last quarter. GAMMA Investing LLC grew its stake in CACI International by 69.4% in the fourth quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock valued at $49,000 after purchasing an additional 50 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of CACI International during the 4th quarter worth approximately $69,000. Finally, Jones Financial Companies Lllp raised its stake in shares of CACI International by 452.8% during the 4th quarter. Jones Financial Companies Lllp now owns 199 shares of the information technology services provider’s stock worth $80,000 after purchasing an additional 163 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.