CACI International (NYSE:CACI) PT Raised to $410.00 at Truist Financial

CACI International (NYSE:CACI) had its price objective increased by equities researchers at Truist Financial from $385.00 to $410.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the information technology services provider’s stock. Truist Financial’s target price points to a potential upside of 11.51% from the stock’s current price.

CACI has been the subject of several other reports. StockNews.com raised CACI International from a “hold” rating to a “buy” rating in a research note on Wednesday, March 6th. Wells Fargo & Company upped their target price on CACI International from $387.00 to $410.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Stifel Nicolaus raised CACI International from a “hold” rating to a “buy” rating and upped their target price for the company from $365.00 to $380.00 in a report on Friday, January 5th. Robert W. Baird upped their target price on CACI International from $370.00 to $464.00 and gave the company an “outperform” rating in a report on Monday. Finally, JPMorgan Chase & Co. upped their target price on CACI International from $375.00 to $383.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $393.40.

CACI International Stock Down 1.4 %

CACI stock opened at $367.67 on Tuesday. The stock’s 50 day simple moving average is $368.39 and its 200 day simple moving average is $340.60. CACI International has a fifty-two week low of $293.69 and a fifty-two week high of $382.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $8.19 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.88 and a beta of 0.89.

CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.14). CACI International had a return on equity of 13.65% and a net margin of 5.31%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company posted $4.28 earnings per share. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, research analysts expect that CACI International will post 20.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gregory G. Johnson sold 150 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $361.69, for a total value of $54,253.50. Following the sale, the director now owns 6,446 shares in the company, valued at $2,331,453.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Gregory G. Johnson sold 150 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $361.69, for a total value of $54,253.50. Following the sale, the director now owns 6,446 shares in the company, valued at $2,331,453.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the sale, the executive vice president now owns 23,385 shares in the company, valued at approximately $8,827,369.80. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CACI International

A number of large investors have recently added to or reduced their stakes in CACI. Zions Bancorporation N.A. grew its stake in shares of CACI International by 37.3% during the first quarter. Zions Bancorporation N.A. now owns 2,762 shares of the information technology services provider’s stock valued at $832,000 after buying an additional 751 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of CACI International by 47.7% during the first quarter. Brown Brothers Harriman & Co. now owns 288 shares of the information technology services provider’s stock valued at $87,000 after buying an additional 93 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of CACI International by 43.8% during the first quarter. Neuberger Berman Group LLC now owns 1,911 shares of the information technology services provider’s stock valued at $576,000 after buying an additional 582 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of CACI International by 435.5% during the second quarter. Captrust Financial Advisors now owns 4,943 shares of the information technology services provider’s stock valued at $1,393,000 after buying an additional 4,020 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of CACI International by 0.9% during the third quarter. Public Employees Retirement System of Ohio now owns 13,625 shares of the information technology services provider’s stock valued at $3,557,000 after buying an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

About CACI International

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.