JPMorgan Chase & Co. Increases CACI International (NYSE:CACI) Price Target to $555.00

CACI International (NYSE:CACI) had its price objective increased by JPMorgan Chase & Co. from $520.00 to $555.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the information technology services provider’s stock.

Other research analysts have also issued research reports about the stock. Bank of America lifted their price objective on shares of CACI International from $535.00 to $555.00 and gave the stock a buy rating in a research note on Tuesday, September 17th. TD Cowen boosted their price target 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. Wells Fargo & Company upped their price objective on shares of CACI International from $525.00 to $577.00 and gave the company an overweight rating in a research report on Tuesday, October 1st. Barclays lifted their target price on CACI International from $450.00 to $500.00 and gave the stock an overweight rating in a report on Monday, August 12th. Finally, Truist Financial increased their price target on CACI International from $500.00 to $520.00 and gave the stock a buy rating in a report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $485.60.

CACI International Stock Performance

Shares of NYSE:CACI opened at $511.80 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42. CACI International has a 1-year low of $302.21 and a 1-year high of $515.16. The stock has a market capitalization of $11.41 billion, a P/E ratio of 29.57, a P/E/G ratio of 2.11 and a beta of 0.93. The business has a 50-day moving average price of $476.31 and a two-hundred day moving average price of $434.32.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.93 by $0.68. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the business posted $5.30 earnings per share. CACI International’s revenue was up 19.7% compared to the same quarter last year. Equities analysts predict that CACI International will post 23.07 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Gregory R. Bradford sold 10,000 shares of CACI International stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $492.41, for a total value of $4,924,100.00. Following the sale, the insider now directly owns 35,538 shares in the company, valued at $17,499,266.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the completion of the transaction, the insider now directly owns 35,538 shares in the company, valued at $17,499,266.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP J William Koegel, Jr. sold 970 shares of CACI International stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $483.27, for a total value of $468,771.90. Following the completion of the sale, the executive vice president now directly owns 22,651 shares in the company, valued at approximately $10,946,548.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,270 shares of company stock worth $10,165,972. 1.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CACI International

Large investors have recently made changes to their positions in the stock. Kennedy Capital Management LLC lifted its stake in CACI International by 39.9% in the 1st quarter. Kennedy Capital Management LLC now owns 8,276 shares of the information technology services provider’s stock valued at $3,135,000 after purchasing an additional 2,359 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of CACI International by 418.0% in the first quarter. SG Americas Securities LLC now owns 4,522 shares of the information technology services provider’s stock valued at $1,713,000 after buying an additional 3,649 shares during the last quarter. M&R Capital Management Inc. bought a new position in shares of CACI International during the 1st quarter worth approximately $1,092,000. Running Oak Capital LLC increased its holdings in shares of CACI International by 10.6% during the 1st quarter. Running Oak Capital LLC now owns 30,101 shares of the information technology services provider’s stock worth $11,403,000 after acquiring an additional 2,883 shares during the last quarter. Finally, BNP Paribas bought a new stake in CACI International in the 1st quarter valued at $1,191,000. Institutional investors and hedge funds own 86.43% of the company’s stock.

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.