The Goldman Sachs Group Boosts CACI International (NYSE:CACI) Price Target to $425.00

CACI International (NYSE:CACI) had its price target hoisted by The Goldman Sachs Group from $379.00 to $425.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the information technology services provider’s stock.

Several other analysts have also issued reports on CACI. Jefferies Financial Group lowered CACI International from a buy rating to a hold rating and reduced their target price for the stock from $375.00 to $350.00 in a report on Wednesday, January 3rd. Truist Financial raised their price objective on CACI International from $385.00 to $410.00 and gave the company a buy rating in a research note on Tuesday, April 9th. Stifel Nicolaus raised CACI International from a hold rating to a buy rating and raised their price objective for the company from $365.00 to $380.00 in a research note on Friday, January 5th. Robert W. Baird raised their price objective on CACI International from $370.00 to $464.00 and gave the company an outperform rating in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. raised their price objective on CACI International from $375.00 to $383.00 and gave the company an overweight rating in a research note on Tuesday, February 6th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $396.27.

CACI International Stock Performance

CACI opened at $364.28 on Tuesday. The firm has a market cap of $8.12 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 1.82 and a beta of 0.89. CACI International has a 52-week low of $293.69 and a 52-week high of $382.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.32. The business’s fifty day moving average is $370.32 and its 200-day moving average is $342.60.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.50 by ($0.14). The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. CACI International had a return on equity of 13.65% and a net margin of 5.31%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $4.28 earnings per share. Sell-side analysts expect that CACI International will post 20.27 EPS for the current fiscal year.

Insider Transactions at CACI International

In other news, Director Gregory G. Johnson sold 150 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $361.69, for a total transaction of $54,253.50. Following the completion of the transaction, the director now directly owns 6,446 shares in the company, valued at $2,331,453.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Gregory G. Johnson sold 150 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $361.69, for a total transaction of $54,253.50. Following the completion of the transaction, the director now directly owns 6,446 shares in the company, valued at $2,331,453.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP J William Koegel, Jr. sold 500 shares of CACI International stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the sale, the executive vice president now owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The disclosure for this sale can be found here. 1.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CACI International

Hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its holdings in CACI International by 0.5% in the third quarter. California Public Employees Retirement System now owns 129,405 shares of the information technology services provider’s stock worth $40,624,000 after purchasing an additional 630 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in CACI International by 65.2% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 68,139 shares of the information technology services provider’s stock worth $22,067,000 after purchasing an additional 26,887 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in CACI International in the fourth quarter worth approximately $18,360,000. Teachers Retirement System of The State of Kentucky grew its stake in CACI International by 32.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 12,583 shares of the information technology services provider’s stock valued at $3,951,000 after acquiring an additional 3,104 shares during the period. Finally, Amalgamated Bank grew its stake in CACI International by 10.1% in the third quarter. Amalgamated Bank now owns 16,390 shares of the information technology services provider’s stock valued at $5,145,000 after acquiring an additional 1,503 shares during the period. 86.43% of the stock is currently owned by institutional investors.

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.