CACI International (NYSE:CACI) Given New $500.00 Price Target at Barclays

CACI International (NYSE:CACI) had its target price increased by Barclays from $450.00 to $500.00 in a research report released on Monday, Benzinga reports. The firm currently has an overweight rating on the information technology services provider’s stock.

A number of other research firms have also recently weighed in on CACI. Truist Financial raised their price objective on CACI International from $450.00 to $500.00 and gave the stock a buy rating in a research report on Thursday, June 27th. Stifel Nicolaus raised their price target on CACI International from $390.00 to $430.00 and gave the stock a buy rating in a report on Tuesday, April 23rd. StockNews.com upgraded shares of CACI International from a hold rating to a buy rating in a report on Thursday, April 25th. JPMorgan Chase & Co. lifted their target price on shares of CACI International from $383.00 to $458.00 and gave the stock an overweight rating in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company upped their price target 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. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, CACI International presently has an average rating of Moderate Buy and a consensus target price of $446.00.

CACI International Stock Performance

Shares of CACI International stock opened at $462.44 on Monday. The company has a market capitalization of $10.31 billion, a PE ratio of 26.72, a P/E/G ratio of 1.95 and a beta of 0.92. The company has a 50-day simple moving average of $439.96 and a two-hundred day simple moving average of $404.00. CACI International has a one year low of $302.21 and a one year high of $470.01. 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 quarterly earnings data on Wednesday, August 7th. The information technology services provider reported $6.61 EPS for the quarter, topping the consensus estimate of $5.93 by $0.68. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the business posted $5.30 EPS. CACI International’s revenue was up 19.7% on a year-over-year basis. Research analysts expect that CACI International will post 20.34 EPS for the current fiscal year.

Insider Activity

In related news, Director Gregory G. Johnson sold 200 shares of CACI International 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 sale, the director now directly owns 6,078 shares in the company, valued at approximately $2,602,538.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Gregory G. Johnson sold 200 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $428.19, for a total transaction of $85,638.00. Following the completion of the sale, the director now owns 6,078 shares of the company’s stock, valued at approximately $2,602,538.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William L. Jews sold 2,000 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $428.57, for a total transaction of $857,140.00. Following the completion of the sale, the director now owns 6,825 shares of the company’s stock, valued at approximately $2,924,990.25. The disclosure for this sale can be found here. Insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On CACI International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC purchased a new stake in shares of CACI International in the 1st quarter valued at approximately $18,271,000. Van ECK Associates Corp raised its stake in shares of CACI International by 293.2% in the 1st quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider’s stock valued at $18,182,000 after acquiring an additional 35,788 shares during the period. BNP Paribas Financial Markets raised its stake in shares of CACI International by 147.5% in the 1st quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider’s stock valued at $13,243,000 after acquiring an additional 20,835 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of CACI International by 21.4% in the 1st 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 acquiring an additional 14,602 shares during the period. Finally, M&R Capital Management Inc. raised its stake in shares of CACI International by 487.2% in the 2nd quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider’s stock valued at $7,282,000 after acquiring an additional 14,047 shares during the period. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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.