CACI International Inc (NYSE:CACI) Given Average Recommendation of “Moderate Buy” by Brokerages

CACI International Inc (NYSE:CACI) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $537.20.

A number of brokerages have weighed in on CACI. Wells Fargo & Company increased their target price on shares of CACI International from $525.00 to $577.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. raised their price objective on shares of CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Robert W. Baird boosted their target price on shares of CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Truist Financial dropped their target price on CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group lifted their price target on CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a research report on Friday, October 25th.

CACI International Price Performance

CACI International stock opened at $468.89 on Friday. The business’s 50 day simple moving average is $517.47 and its 200 day simple moving average is $469.75. CACI International has a 12 month low of $314.06 and a 12 month high of $588.26. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.73 and a beta of 0.91. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48.

CACI International (NYSE:CACI) last issued its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.36 EPS. Sell-side analysts forecast that CACI International will post 23.42 EPS for the current year.

Insiders Place Their Bets

In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of CACI International stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the completion of the sale, the insider now owns 35,538 shares of the company’s stock, valued at $17,499,266.58. The trade was a 21.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP J William Koegel, Jr. sold 970 shares of the 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 transaction, the executive vice president now owns 22,651 shares in the company, valued at $10,946,548.77. This trade represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On CACI International

Several institutional investors and hedge funds have recently made changes to their positions in CACI. Geode Capital Management LLC grew its position in CACI International by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after acquiring an additional 22,823 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of CACI International by 1.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock worth $146,623,000 after purchasing an additional 5,610 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of CACI International by 42.5% in the third quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock worth $60,917,000 after buying an additional 34,647 shares during the period. Segall Bryant & Hamill LLC raised its holdings in CACI International by 3.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock valued at $34,179,000 after buying an additional 2,396 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in CACI International by 37.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock valued at $29,745,000 after buying an additional 15,961 shares during the period. Institutional investors own 86.43% of the company’s stock.

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.