Wells Fargo & Company Increases CACI International (NYSE:CACI) Price Target to $410.00

CACI International (NYSE:CACI) had its price target hoisted by equities researchers at Wells Fargo & Company from $387.00 to $410.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 9.49% from the stock’s previous close.

A number of other brokerages also recently issued reports on CACI. JPMorgan Chase & Co. raised their target price on CACI International from $375.00 to $383.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Jefferies Financial Group downgraded CACI International from a “buy” rating to a “hold” rating and cut their target price for the stock from $375.00 to $350.00 in a research note on Wednesday, January 3rd. Stifel Nicolaus raised CACI International from a “hold” rating to a “buy” rating and raised their target price for the stock from $365.00 to $380.00 in a research note on Friday, January 5th. Finally, StockNews.com raised CACI International from a “hold” rating to a “buy” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $382.78.

CACI International Trading Up 1.5 %

Shares of CACI opened at $374.45 on Thursday. The company’s fifty day moving average is $366.63 and its 200 day moving average is $339.25. CACI International has a fifty-two week low of $293.69 and a fifty-two week high of $382.65. The stock has a market capitalization of $8.34 billion, a PE ratio of 22.68, a P/E/G ratio of 1.84 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.32.

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

Insider Buying and Selling

In other news, Director Gregory G. Johnson sold 150 shares of the business’s 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 of the company’s stock, valued at approximately $2,331,453.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Gregory G. Johnson sold 150 shares of CACI International 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 transaction, the director now directly owns 6,446 shares in the company, valued at approximately $2,331,453.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP J William Koegel, Jr. sold 500 shares of CACI International stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total value of $188,740.00. Following the transaction, 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. Company insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CACI. M&R Capital Management Inc. purchased a new position in CACI International in the first quarter valued at about $1,092,000. Sanibel Captiva Trust Company Inc. acquired a new stake in shares of CACI International in the fourth quarter worth about $324,000. Public Employees Retirement System of Ohio lifted its position in shares of CACI International by 0.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 10,306 shares of the information technology services provider’s stock worth $3,338,000 after buying an additional 37 shares during the last quarter. Port Capital LLC lifted its position in shares of CACI International by 17.2% in the fourth quarter. Port Capital LLC now owns 99,261 shares of the information technology services provider’s stock worth $32,147,000 after buying an additional 14,586 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd lifted its position in shares of CACI International by 12.9% in the fourth quarter. Ophir Asset Management Pty Ltd now owns 66,359 shares of the information technology services provider’s stock worth $21,491,000 after buying an additional 7,596 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

CACI International Company Profile

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.