The Goldman Sachs Group Raises CACI International (NYSE:CACI) Price Target to $520.00

CACI International (NYSE:CACI) had its price objective increased by The Goldman Sachs Group from $471.00 to $520.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a neutral rating on the information technology services provider’s stock.

CACI has been the subject of several other reports. Bank of America increased their target price on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Barclays raised their target price on shares of CACI International from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. TD Cowen lifted their target price on shares of CACI International from $435.00 to $480.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Truist Financial reissued a “buy” rating and set a $650.00 price target (up previously from $520.00) on shares of CACI International in a research report on Friday. Finally, JPMorgan Chase & Co. upped 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $534.70.

CACI International Trading Down 0.9 %

Shares of CACI opened at $547.36 on Friday. CACI International has a fifty-two week low of $302.21 and a fifty-two week high of $570.28. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 2.22 and a beta of 0.93. The firm has a 50 day moving average price of $496.80 and a 200-day moving average price of $451.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.27.

CACI International (NYSE:CACI) last issued its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the company earned $4.36 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts forecast that CACI International will post 23 earnings per share for the current year.

Insider Activity at CACI International

In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $463.18, for a total value of $4,631,800.00. Following the completion of the sale, the chief executive officer now directly owns 91,368 shares in the company, valued at $42,319,830.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $463.18, for a total value of $4,631,800.00. Following the completion of the transaction, the chief executive officer now owns 91,368 shares of the company’s stock, valued at approximately $42,319,830.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory G. Johnson sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total value of $141,300.00. Following the completion of the transaction, the director now owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,270 shares of company stock worth $10,165,972 over the last 90 days. 1.23% of the stock is owned by company insiders.

Hedge Funds Weigh In On CACI International

Several large investors have recently made changes to their positions in the business. Kennedy Capital Management LLC grew its stake in shares of CACI International by 39.9% in the 1st quarter. Kennedy Capital Management LLC now owns 8,276 shares of the information technology services provider’s stock worth $3,135,000 after buying an additional 2,359 shares during the last quarter. SG Americas Securities LLC boosted its holdings in CACI International by 418.0% in the first quarter. SG Americas Securities LLC now owns 4,522 shares of the information technology services provider’s stock worth $1,713,000 after acquiring an additional 3,649 shares in the last quarter. BNP Paribas purchased a new stake in shares of CACI International in the first quarter worth $1,191,000. Comerica Bank increased its holdings in shares of CACI International by 13.4% during the first quarter. Comerica Bank now owns 11,609 shares of the information technology services provider’s stock valued at $4,398,000 after acquiring an additional 1,372 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of CACI International during the first quarter valued at $18,271,000. 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.