Truist Financial Lowers CACI International (NYSE:CACI) Price Target to $550.00

CACI International (NYSE:CACIGet Free Report) had its target price reduced by research analysts at Truist Financial from $650.00 to $550.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the information technology services provider’s stock. Truist Financial’s price objective would suggest a potential upside of 15.67% from the company’s current price.

Several other equities analysts also recently weighed in on CACI. Wells Fargo & Company raised their price objective on CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group raised their price target on CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Raymond James lowered shares of CACI International from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. Robert W. Baird raised their target price on shares of CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, TD Cowen upped their price target on shares of CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $537.20.

View Our Latest Stock Analysis on CACI

CACI International Price Performance

Shares of NYSE CACI opened at $475.48 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 1.75. CACI International has a one year low of $314.06 and a one year high of $588.26. The firm has a market capitalization of $10.66 billion, a P/E ratio of 23.56, a PEG ratio of 1.73 and a beta of 0.91. The company’s fifty day moving average is $517.62 and its two-hundred day moving average is $469.44.

CACI International (NYSE:CACIGet Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, beating the consensus estimate of $5.08 by $0.85. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the business earned $4.36 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts forecast that CACI International will post 23.42 EPS for the current fiscal year.

Insider Transactions at CACI International

In other CACI International news, EVP J William Koegel, Jr. sold 970 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $483.27, for a total value of $468,771.90. Following the sale, the executive vice president now directly owns 22,651 shares of the company’s stock, valued at approximately $10,946,548.77. This trade represents a 4.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory R. Bradford sold 10,000 shares of CACI International stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $492.41, for a total value of $4,924,100.00. Following the completion of the sale, the insider now owns 35,538 shares of the company’s stock, valued at $17,499,266.58. This trade represents a 21.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On CACI International

Several hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. increased its position in CACI International by 40.0% during the third quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 18 shares during the last quarter. UMB Bank n.a. increased its stake in CACI International by 81.4% during the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 35 shares during the last quarter. Versant Capital Management Inc increased its position in shares of CACI International by 900.0% in the second quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock worth $43,000 after acquiring an additional 90 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of CACI International in the third quarter valued at about $45,000. Finally, Rosenberg Matthew Hamilton increased its stake in CACI International by 9.8% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after buying an additional 19 shares during the period. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Company Profile

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CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.

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