CACI International (NYSE:CACI) Price Target Raised to $458.00

CACI International (NYSE:CACI) had its target price increased by JPMorgan Chase & Co. from $383.00 to $458.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the information technology services provider’s stock.

CACI has been the subject of a number of other research reports. Stifel Nicolaus increased their target price on shares of CACI International from $390.00 to $430.00 and gave the stock a buy rating in a report on Tuesday, April 23rd. Truist Financial increased their target price on shares of CACI International from $450.00 to $500.00 and gave the stock a buy rating in a report on Thursday, June 27th. Barclays raised their price objective on shares of CACI International from $400.00 to $450.00 and gave the company an overweight rating in a report on Tuesday, April 30th. The Goldman Sachs Group raised 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. Finally, StockNews.com upgraded shares of CACI International from a hold rating to a buy rating in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $434.55.

CACI International Trading Up 1.2 %

Shares of CACI International stock opened at $439.23 on Wednesday. The company has a market capitalization of $9.79 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.83 and a beta of 0.92. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.48. CACI International has a 12-month low of $302.21 and a 12-month high of $442.25. The firm’s 50-day moving average price is $427.04 and its two-hundred day moving average price is $384.09.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 EPS for the quarter, topping analysts’ consensus estimates of $5.55 by $0.19. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.92 earnings per share. On average, analysts forecast that CACI International will post 20.32 earnings per share for the current fiscal year.

Insider Buying and Selling at CACI International

In other CACI International news, Director Gregory G. Johnson sold 200 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $428.19, for a total transaction of $85,638.00. Following the completion of the sale, the director now owns 6,078 shares of the company’s stock, valued at approximately $2,602,538.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Gregory G. Johnson sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $428.19, for a total transaction of $85,638.00. Following the completion of the sale, the director now owns 6,078 shares of the company’s stock, valued at approximately $2,602,538.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William L. Jews sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $428.57, for a total transaction of $857,140.00. Following the sale, the director now directly owns 6,825 shares of the company’s stock, valued at approximately $2,924,990.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,100 shares of company stock valued at $1,755,028. 1.23% of the stock is currently owned by company insiders.

Institutional Trading of CACI International

Large investors have recently modified their holdings of the stock. Deroy & Devereaux Private Investment Counsel Inc. grew its position in CACI International by 21.4% in the 1st 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. Ophir Asset Management Pty Ltd grew its position in CACI International by 12.9% in the 4th quarter. Ophir Asset Management Pty Ltd now owns 66,359 shares of the information technology services provider’s stock valued at $21,491,000 after purchasing an additional 7,596 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new stake in CACI International in the 4th quarter valued at $18,360,000. Lord Abbett & CO. LLC acquired a new stake in CACI International in the 1st quarter valued at $18,271,000. Finally, Van ECK Associates Corp grew its position in CACI International by 293.2% in the 1st 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. Institutional investors and hedge funds 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.