CACI International (NYSE:CACI) Rating Increased to Buy at StockNews.com

CACI International (NYSE:CACI) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

CACI has been the subject of several other research reports. The Goldman Sachs Group lifted 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. Robert W. Baird boosted their price target on CACI International from $370.00 to $464.00 and gave the company an “outperform” rating in a report on Monday, April 8th. JPMorgan Chase & Co. boosted their price target on CACI International from $375.00 to $383.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Truist Financial boosted their price target on CACI International from $385.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, Stifel Nicolaus boosted their price target on CACI International from $390.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $400.82.

CACI International Stock Up 0.7 %

Shares of CACI International stock opened at $404.54 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.32. CACI International has a 52-week low of $293.69 and a 52-week high of $406.78. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 1.89 and a beta of 0.89. The company’s 50 day moving average price is $373.20 and its 200-day moving average price is $345.51.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.19. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. CACI International had a return on equity of 13.97% and a net margin of 5.37%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.92 EPS. Equities research analysts forecast that CACI International will post 20.27 EPS for the current year.

Insider Buying and Selling

In related news, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was 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 $8,827,369.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory G. Johnson sold 150 shares of the business’s stock in a transaction that occurred 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. 1.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of CACI International by 21.4% during the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 82,741 shares of the information technology services provider’s stock valued at $31,345,000 after buying an additional 14,602 shares during the last quarter. HTLF Bank bought a new position in shares of CACI International during the first quarter valued at approximately $229,000. Confluence Wealth Services Inc. bought a new position in shares of CACI International during the first quarter valued at approximately $237,000. Running Oak Capital LLC grew its stake in shares of CACI International by 10.6% during the first quarter. Running Oak Capital LLC now owns 30,101 shares of the information technology services provider’s stock valued at $11,403,000 after buying an additional 2,883 shares during the last quarter. Finally, M&R Capital Management Inc. bought a new position in shares of CACI International during the first quarter valued at approximately $1,092,000. Institutional investors own 86.43% of the company’s stock.

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.