CACI International (NYSE:CACI) Price Target Raised to $510.00 at Barclays

CACI International (NYSE:CACI) had its price objective boosted by research analysts at Barclays from $450.00 to $510.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Barclays‘s target price suggests a potential upside of 13.46% from the stock’s current price.

CACI has been the subject of several other reports. Cantor Fitzgerald upgraded CACI International to a “strong-buy” rating in a research note on Tuesday, February 25th. TD Cowen cut their target price on CACI International from $610.00 to $480.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Truist Financial set a $525.00 target price on CACI International and gave the company a “buy” rating in a report on Friday. UBS Group reiterated a “buy” rating on shares of CACI International in a report on Friday. Finally, William Blair cut shares of CACI International from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $515.67.

CACI International Stock Up 0.2 %

CACI International stock opened at $449.50 on Tuesday. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.01 and a beta of 0.78. CACI International has a fifty-two week low of $318.60 and a fifty-two week high of $588.26. The firm has a fifty day moving average price of $383.16 and a two-hundred day moving average price of $427.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 1.52.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $6.23 EPS for the quarter, topping analysts’ consensus estimates of $5.53 by $0.70. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. CACI International had a return on equity of 15.30% and a net margin of 5.90%. CACI International’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the company earned $5.74 EPS. As a group, analysts forecast that CACI International will post 23.94 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Debora A. Plunkett sold 309 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $363.62, for a total transaction of $112,358.58. Following the sale, the director now owns 2,315 shares of the company’s stock, valued at approximately $841,780.30. The trade was a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On CACI International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in CACI International by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 490,941 shares of the information technology services provider’s stock valued at $198,417,000 after purchasing an additional 8,667 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of CACI International by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 429,256 shares of the information technology services provider’s stock worth $173,445,000 after acquiring an additional 5,248 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in CACI International by 4.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 173,410 shares of the information technology services provider’s stock valued at $70,068,000 after purchasing an additional 8,175 shares during the last quarter. Van ECK Associates Corp raised its holdings in CACI International by 35.2% during 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 buying an additional 40,867 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in CACI International by 91,931.1% during the 1st quarter. GAMMA Investing LLC now owns 112,278 shares of the information technology services provider’s stock worth $41,197,000 after acquiring an additional 112,156 shares during the last quarter. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

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.