CACI International (NYSE:CACI) Price Target Raised to $458.00

CACI International (NYSE:CACIGet Free Report) had its price target raised by equities research analysts at JPMorgan Chase & Co. from $383.00 to $458.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 7.01% from the company’s previous close.

CACI has been the subject of a number of other reports. Wells Fargo & Company lifted their price target on CACI International from $410.00 to $468.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Truist Financial lifted their price target on CACI International from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. TD Cowen lifted their price target on CACI International from $400.00 to $435.00 and gave the stock a “buy” rating in a report on Monday, May 6th. The Goldman Sachs Group boosted their target price on CACI International from $379.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Barclays boosted their target price on CACI International from $400.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $430.45.

Read Our Latest Report on CACI

CACI International Trading Up 0.7 %

Shares of NYSE CACI traded up $2.91 during trading on Wednesday, reaching $427.99. The stock had a trading volume of 19,202 shares, compared to its average volume of 116,766. CACI International has a fifty-two week low of $302.21 and a fifty-two week high of $439.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50-day moving average price is $425.68 and its 200-day moving average price is $382.14. The company has a market cap of $9.54 billion, a P/E ratio of 24.73, a PEG ratio of 1.80 and a beta of 0.92.

CACI International (NYSE:CACIGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.19. CACI International had a return on equity of 13.80% and a net margin of 5.37%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm posted $4.92 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. On average, equities research analysts predict that CACI International will post 20.32 EPS for the current fiscal year.

Insider Activity

In other news, Director Gregory G. Johnson sold 200 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $428.19, for a total value of $85,638.00. Following the sale, the director now directly owns 6,078 shares in the company, valued at $2,602,538.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Gregory G. Johnson sold 200 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $428.19, for a total value of $85,638.00. Following the completion of the sale, the director now owns 6,078 shares of the company’s stock, valued at $2,602,538.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey D. Maclauchlan sold 1,900 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $427.50, for a total value of $812,250.00. Following the completion of the sale, the chief financial officer now directly owns 519 shares of the company’s stock, valued at approximately $221,872.50. The disclosure for this sale can be found here. Insiders have sold 4,100 shares of company stock worth $1,755,028 over the last three months. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CACI International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky raised its position in shares of CACI International by 32.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 12,583 shares of the information technology services provider’s stock worth $3,951,000 after purchasing an additional 3,104 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of CACI International during the 4th quarter worth approximately $152,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of CACI International during the 4th quarter worth approximately $18,360,000. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of CACI International by 65.2% during the 4th 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 during the period. Finally, Strs Ohio raised its position in shares of CACI International by 10.9% during the 4th quarter. Strs Ohio now owns 27,704 shares of the information technology services provider’s stock worth $8,972,000 after purchasing an additional 2,721 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.

CACI International Company Profile

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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.

Further Reading

Analyst Recommendations for CACI International (NYSE:CACI)

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