Barclays Boosts CACI International (NYSE:CACI) Price Target to $625.00

CACI International (NYSE:CACI) had its price target raised by equities researchers at Barclays from $610.00 to $625.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Barclays‘s price target indicates a potential upside of 15.25% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Robert W. Baird upped their target price on shares of CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company upped their target price on shares of CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Truist Financial reaffirmed a “buy” rating and issued a $650.00 target price (up previously from $520.00) on shares of CACI International in a research note on Friday, October 25th. Bank of America upped their price target on shares of CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Finally, The Goldman Sachs Group upped their price target on shares of CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Three investment 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, CACI International presently has a consensus rating of “Moderate Buy” and a consensus target price of $547.20.

CACI International Trading Down 4.4 %

CACI opened at $542.30 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91. The firm has a 50 day simple moving average of $518.48 and a 200 day simple moving average of $467.52. CACI International has a fifty-two week low of $314.06 and a fifty-two week high of $588.26.

CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. CACI International’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.36 earnings per share. On average, sell-side analysts anticipate that CACI International will post 23.43 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $463.18, for a total value 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 $42,319,830.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Gregory G. Johnson sold 300 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total transaction of $141,300.00. Following the transaction, the director now directly owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $42,319,830.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,270 shares of company stock valued at $10,165,972. 1.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CACI International

Large investors have recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in shares of CACI International by 40.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 18 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in CACI International by 9.8% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after purchasing an additional 19 shares during the last quarter. UMB Bank n.a. raised its holdings in CACI International by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 35 shares during the last quarter. Covestor Ltd raised its holdings in CACI International by 8.9% during the 1st quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock worth $237,000 after purchasing an additional 51 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of CACI International by 900.0% in the 2nd quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock valued at $43,000 after acquiring an additional 90 shares in the last quarter. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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.