Truist Financial Lowers CACI International (NYSE:CACI) Price Target to $475.00

CACI International (NYSE:CACI) had its price target trimmed by Truist Financial from $550.00 to $475.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a buy rating on the information technology services provider’s stock.

CACI has been the topic of a number of other reports. Raymond James reissued an “outperform” rating and issued a $490.00 price objective (up from $475.00) on shares of CACI International in a research note on Thursday, January 23rd. William Blair lowered shares of CACI International from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Cantor Fitzgerald upgraded CACI International to a “strong-buy” rating in a research report on Tuesday, February 25th. Jefferies Financial Group lowered their target price on CACI International from $520.00 to $455.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $640.00 price target on shares of CACI International in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $508.31.

CACI International Price Performance

CACI stock opened at $426.60 on Monday. The company has a market cap of $9.56 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.01 and a beta of 0.78. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $368.33 and a 200-day moving average of $432.76. CACI International has a 12-month low of $318.60 and a 12-month high of $588.26.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $5.28 by $0.67. CACI International had a return on equity of 15.30% and a net margin of 5.90%. As a group, equities analysts expect that CACI International will post 23.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other CACI International news, Director Debora A. Plunkett sold 309 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $363.62, for a total transaction of $112,358.58. Following the transaction, the director now owns 2,315 shares of the company’s stock, valued at $841,780.30. This trade represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.35% of the stock is owned by corporate insiders.

Institutional Trading of CACI International

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in CACI International by 35.2% in the fourth quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider’s stock valued at $63,477,000 after acquiring an additional 40,867 shares during the last quarter. Running Oak Capital LLC raised its holdings in shares of CACI International by 8.9% in the 4th quarter. Running Oak Capital LLC now owns 31,139 shares of the information technology services provider’s stock worth $12,582,000 after purchasing an additional 2,533 shares during the period. RNC Capital Management LLC purchased a new position in shares of CACI International in the 4th quarter worth about $315,000. Leuthold Group LLC acquired a new position in shares of CACI International in the 4th quarter valued at about $2,647,000. Finally, Ramirez Asset Management Inc. grew its holdings in shares of CACI International by 287.2% during the 4th quarter. Ramirez Asset Management Inc. now owns 2,490 shares of the information technology services provider’s stock worth $1,006,000 after purchasing an additional 1,847 shares during the period. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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.