TD Cowen Boosts CACI International (NYSE:CACI) Price Target to $480.00

CACI International (NYSE:CACI) had its target price hoisted by TD Cowen from $435.00 to $480.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a buy rating on the information technology services provider’s stock.

CACI has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their price target on shares of CACI International from $383.00 to $458.00 and gave the company an overweight rating in a research note on Wednesday, July 10th. StockNews.com raised shares of CACI International from a hold rating to a buy rating in a research note on Thursday, April 25th. Barclays increased their target price on shares of CACI International from $400.00 to $450.00 and gave the company an overweight rating in a research note on Tuesday, April 30th. Wells Fargo & Company increased their target price on shares of CACI International from $410.00 to $468.00 and gave the company an overweight rating in a research note on Tuesday, April 30th. Finally, Stifel Nicolaus increased their target price on shares of CACI International from $390.00 to $430.00 and gave the company a buy rating in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, CACI International presently has a consensus rating of Moderate Buy and an average price target of $434.55.

CACI International Price Performance

CACI stock opened at $439.23 on Friday. CACI International has a one year low of $302.21 and a one year high of $442.25. The company’s fifty day moving average price is $427.04 and its 200-day moving average price is $384.53. 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 company has a market capitalization of $9.79 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.85 and a beta of 0.92.

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

Insider Activity

In related news, Director William L. Jews sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $428.57, for a total value of $857,140.00. Following the completion of the transaction, the director now directly owns 6,825 shares of the company’s stock, valued at approximately $2,924,990.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CACI International news, CFO Jeffrey D. Maclauchlan sold 1,900 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $427.50, for a total transaction of $812,250.00. Following the completion of the transaction, the chief financial officer now directly owns 519 shares of the company’s stock, valued at approximately $221,872.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William L. Jews sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $428.57, for a total transaction of $857,140.00. Following the transaction, the director now directly owns 6,825 shares of the company’s stock, valued at $2,924,990.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,100 shares of company stock worth $1,755,028. Corporate insiders own 1.23% of the company’s stock.

Hedge Funds Weigh In On CACI International

A number of institutional investors have recently bought and sold shares of the business. Deroy & Devereaux Private Investment Counsel Inc. raised its position in CACI International by 21.4% during the 1st 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 buying an additional 14,602 shares during the last quarter. Ophir Asset Management Pty Ltd raised its position in CACI International by 12.9% during the 4th quarter. Ophir Asset Management Pty Ltd now owns 66,359 shares of the information technology services provider’s stock worth $21,491,000 after buying an additional 7,596 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of CACI International during the 4th quarter worth approximately $18,360,000. Lord Abbett & CO. LLC acquired a new stake in shares of CACI International during the 1st quarter worth approximately $18,271,000. Finally, Van ECK Associates Corp grew its stake in shares of CACI International by 293.2% during the 1st quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider’s stock worth $18,182,000 after purchasing an additional 35,788 shares during the period. 86.43% of the stock is owned by hedge funds and other institutional investors.

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.