CACI International (NYSE:CACI) Price Target Raised to $450.00

CACI International (NYSE:CACI) had its price objective upped by analysts at Barclays from $400.00 to $450.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Barclays‘s target price points to a potential upside of 11.11% from the stock’s current price.

Several other equities analysts have also commented on the stock. Jefferies Financial Group lowered shares of CACI International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $375.00 to $350.00 in a research report on Wednesday, January 3rd. Stifel Nicolaus upped their target price on shares of CACI International from $390.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. StockNews.com upgraded shares of CACI International from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. The Goldman Sachs Group increased their price objective on CACI International from $379.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Finally, Robert W. Baird raised their target price on CACI International from $370.00 to $464.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $405.36.

CACI International Price Performance

Shares of CACI stock opened at $405.02 on Tuesday. CACI International has a twelve month low of $293.69 and a twelve month high of $409.11. The company has a market capitalization of $9.03 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.00 and a beta of 0.89. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $373.98 and a 200-day simple moving average of $346.11.

CACI International (NYSE:CACI) last posted its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.19. CACI International had a return on equity of 13.80% and a net margin of 5.37%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $4.92 EPS. CACI International’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that CACI International will post 20.39 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of CACI International

Several large investors have recently added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of CACI International during the fourth quarter valued at $18,360,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in CACI International during the 3rd quarter worth about $12,950,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in CACI International during the 3rd quarter valued at about $12,267,000. Bank of New York Mellon Corp increased its holdings in shares of CACI International by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 680,633 shares of the information technology services provider’s stock valued at $213,671,000 after purchasing an additional 23,521 shares during the period. Finally, Ophir Asset Management Pty Ltd increased its holdings in shares of 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. 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.