TD Cowen Boosts CACI International (NYSE:CACI) Price Target to $570.00

CACI International (NYSE:CACI) had its price objective increased by investment analysts at TD Cowen from $545.00 to $570.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s target price indicates a potential upside of 4.14% from the company’s previous close.

A number of other research firms have also issued reports on CACI. Wells Fargo & Company raised their price target on CACI International from $525.00 to $577.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Barclays lifted their target price on CACI International from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. Raymond James lowered CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Truist Financial reaffirmed a “buy” rating and set a $650.00 price target (up from $520.00) on shares of CACI International in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, CACI International presently has an average rating of “Moderate Buy” and an average price target of $534.70.

CACI International Trading Down 0.9 %

CACI opened at $547.36 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.42. CACI International has a 52 week low of $302.21 and a 52 week high of $570.28. The business’s 50 day moving average is $496.80 and its two-hundred day moving average is $450.76. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 2.22 and a beta of 0.93.

CACI International (NYSE:CACI) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.92 billion. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.36 EPS. On average, research analysts predict that CACI International will post 23 EPS for the current year.

Insider Buying and Selling at CACI International

In other news, insider Gregory R. Bradford sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the transaction, the insider now directly owns 35,538 shares of the company’s stock, valued at $17,499,266.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP J William Koegel, Jr. sold 970 shares of CACI International stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $483.27, for a total transaction of $468,771.90. Following the completion of the transaction, the executive vice president now directly owns 22,651 shares of the company’s stock, valued at approximately $10,946,548.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Gregory R. Bradford sold 10,000 shares of the company’s stock in a transaction on 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 directly owns 35,538 shares in the company, valued at $17,499,266.58. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,270 shares of company stock valued at $10,165,972. 1.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On CACI International

Large investors have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC purchased a new stake in shares of CACI International in the first quarter valued at about $18,271,000. Van ECK Associates Corp lifted its stake in 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 buying an additional 35,788 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in 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 buying an additional 20,835 shares in the last quarter. M&R Capital Management Inc. increased its position in CACI International by 487.2% during the second quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider’s stock worth $7,282,000 after buying an additional 14,047 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of CACI International by 26.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock worth $21,043,000 after acquiring an additional 10,295 shares during the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.

About CACI International

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.