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

CACI International (NYSE:CACI) had its price objective lowered by Truist Financial from $650.00 to $550.00 in a research report released on Friday,Benzinga reports. The firm currently has a buy rating on the information technology services provider’s stock.

Other research analysts have also issued reports about the company. Raymond James lowered CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Wells Fargo & Company boosted their price objective on CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Robert W. Baird raised their target price on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. The Goldman Sachs Group increased their price objective on shares of CACI International from $471.00 to $520.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Bank of America boosted their price objective on shares of CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $537.20.

CACI International Trading Down 1.4 %

NYSE CACI opened at $468.78 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. CACI International has a 12 month low of $314.06 and a 12 month high of $588.26. The company has a market capitalization of $10.50 billion, a PE ratio of 23.23, a P/E/G ratio of 1.85 and a beta of 0.91. The stock has a 50-day simple moving average of $517.47 and a 200 day simple moving average of $470.42.

CACI International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.36 earnings per share. Research analysts forecast that CACI International will post 23.47 EPS for the current year.

Insider Activity at CACI International

In related news, insider Gregory R. Bradford sold 10,000 shares of CACI International stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the completion of the transaction, the insider now owns 35,538 shares in the company, valued at approximately $17,499,266.58. This trade represents a 21.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP J William Koegel, Jr. sold 970 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $483.27, for a total value of $468,771.90. Following the completion of the sale, the executive vice president now owns 22,651 shares in the company, valued at $10,946,548.77. This represents a 4.11 % 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

A number of large investors have recently added to or reduced their stakes in CACI. TD Private Client Wealth LLC increased its holdings in shares of CACI International by 49.1% in the third quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock valued at $127,000 after purchasing an additional 83 shares during the last quarter. Toronto Dominion Bank acquired a new position in CACI International in the 3rd quarter valued at about $184,000. Geode Capital Management LLC raised its holdings in CACI International by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock valued at $243,386,000 after acquiring an additional 22,823 shares during the period. Flow Traders U.S. LLC acquired a new stake in CACI International during the third quarter worth approximately $289,000. Finally, Captrust Financial Advisors lifted its position in CACI International by 10.2% during the third quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock worth $415,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 86.43% of the company’s stock.

CACI International Company Profile

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.