CACI International (NYSE:CACI) PT Raised to $468.00 at Wells Fargo & Company

CACI International (NYSE:CACI) had its price target hoisted by equities researchers at Wells Fargo & Company from $410.00 to $468.00 in a research 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 target price points to a potential upside of 14.70% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Robert W. Baird boosted their target price on shares of CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Jefferies Financial Group cut shares of CACI International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $375.00 to $350.00 in a research note on Wednesday, January 3rd. The Goldman Sachs Group boosted their price objective on shares of CACI International from $379.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Stifel Nicolaus boosted their price objective on shares of CACI International from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, Barclays boosted their price objective on shares of CACI International from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, CACI International has an average rating of “Moderate Buy” and a consensus target price of $410.64.

CACI International Stock Performance

NYSE CACI opened at $408.01 on Tuesday. The firm’s fifty day moving average price is $374.74 and its two-hundred day moving average price is $346.56. The stock has a market cap of $9.10 billion, a PE ratio of 23.42, a PEG ratio of 1.92 and a beta of 0.89. CACI International has a fifty-two week low of $293.69 and a fifty-two week high of $410.64. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.28 and a current ratio of 1.28.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.19. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.86 billion. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.92 earnings per share. On average, equities analysts expect that CACI International will post 20.36 EPS for the current fiscal year.

Insider Activity at CACI International

In related news, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total value of $188,740.00. Following the transaction, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the transaction, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory G. Johnson sold 150 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $361.69, for a total transaction of $54,253.50. Following the transaction, the director now owns 6,446 shares in the company, valued at approximately $2,331,453.74. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On CACI International

Several institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its holdings in shares of CACI International by 36.6% during the first quarter. Janney Montgomery Scott LLC now owns 6,073 shares of the information technology services provider’s stock valued at $2,301,000 after purchasing an additional 1,628 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of CACI International by 147.5% during the first quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider’s stock valued at $13,243,000 after purchasing an additional 20,835 shares during the period. Van ECK Associates Corp increased its position in shares of CACI International by 293.2% during the first quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider’s stock worth $18,182,000 after acquiring an additional 35,788 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position 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 worth $31,345,000 after acquiring an additional 14,602 shares in the last quarter. Finally, HTLF Bank bought a new stake in shares of CACI International during the first quarter worth about $229,000. Institutional investors and hedge funds own 86.43% of the company’s stock.

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.