CACI International (NYSE:CACI) Given New $577.00 Price Target at Wells Fargo & Company

CACI International (NYSE:CACI) had its price objective increased by equities researchers at Wells Fargo & Company from $525.00 to $577.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 14.06% from the stock’s current price.

CACI has been the topic of a number of other reports. TD Cowen boosted their target price on shares of CACI International from $435.00 to $480.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Bank of America increased their target price on CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Raymond James downgraded shares of CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of CACI International from $383.00 to $458.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Finally, Truist Financial lifted their price objective on shares of CACI International from $500.00 to $520.00 and gave the stock a “buy” rating in a research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $475.90.

CACI International Stock Up 0.3 %

NYSE CACI traded up $1.31 on Tuesday, hitting $505.87. 88,558 shares of the stock were exchanged, compared to its average volume of 111,216. The company has a 50-day moving average price of $471.79 and a 200-day moving average price of $431.32. The company has a market cap of $11.28 billion, a PE ratio of 29.18, a PEG ratio of 2.11 and a beta of 0.93. CACI International has a fifty-two week low of $302.21 and a fifty-two week high of $506.86. 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 (NYSE:CACI) last announced its quarterly earnings data on Wednesday, August 7th. The information technology services provider reported $6.61 EPS for the quarter, beating the consensus estimate of $5.93 by $0.68. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.93 billion. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the business earned $5.30 earnings per share. Sell-side analysts anticipate that CACI International will post 23.07 EPS for the current fiscal year.

Insider Activity at CACI International

In other news, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the transaction, the chief executive officer now directly owns 91,368 shares of the company’s stock, valued at approximately $42,319,830.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP J William Koegel, Jr. sold 970 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $483.27, for a total transaction of $468,771.90. Following the completion of the transaction, the executive vice president now directly owns 22,651 shares in the company, valued at approximately $10,946,548.77. 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 that occurred on Monday, August 19th. The shares were sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the completion of the sale, the chief executive officer now directly owns 91,368 shares in the company, valued at approximately $42,319,830.24. The disclosure for this sale can be found here. Insiders sold a total of 21,270 shares of company stock valued at $10,165,972 in the last three months. Company insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On CACI International

Several hedge funds have recently modified their holdings of CACI. Driehaus Capital Management LLC boosted its position in CACI International by 125.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,215 shares of the information technology services provider’s stock worth $523,000 after purchasing an additional 677 shares during the period. Marshall Wace LLP bought a new stake in shares of CACI International in the 2nd quarter worth approximately $1,997,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of CACI International by 1.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock valued at $146,623,000 after acquiring an additional 5,610 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of CACI International by 26.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock valued at $21,043,000 after acquiring an additional 10,295 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of CACI International by 25.5% in the 2nd quarter. Pacer Advisors Inc. now owns 4,238 shares of the information technology services provider’s stock valued at $1,823,000 after purchasing an additional 861 shares during the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.

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.