CACI International (NYSE:CACI) Raised to Buy at StockNews.com

StockNews.com upgraded shares of CACI International (NYSE:CACI) from a hold rating to a buy rating in a report issued on Thursday morning.

A number of other brokerages have also issued reports on CACI. Truist Financial increased their price target on CACI International from $385.00 to $410.00 and gave the company a buy rating in a research note on Tuesday, April 9th. Wells Fargo & Company increased their price target on CACI International from $387.00 to $410.00 and gave the company an overweight rating in a research note on Thursday, April 4th. Stifel Nicolaus increased their price target on CACI International from $390.00 to $430.00 and gave the company a buy rating in a research note on Tuesday, April 23rd. Robert W. Baird increased their price target on CACI International from $370.00 to $464.00 and gave the company an outperform rating in a research note on Monday, April 8th. Finally, Jefferies Financial Group lowered CACI International from a buy rating to a hold rating and decreased their price target for the company from $375.00 to $350.00 in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $400.82.

CACI International Stock Up 0.7 %

Shares of CACI International stock opened at $404.87 on Thursday. CACI International has a twelve month low of $293.69 and a twelve month high of $406.78. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 1.99 and a beta of 0.89. The business’s 50 day simple moving average is $373.20 and its 200-day simple moving average is $345.58. The company has a current ratio of 1.28, a quick ratio of 1.32 and a debt-to-equity ratio of 0.48.

CACI International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.19. CACI International had a return on equity of 13.80% and a net margin of 5.37%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company posted $4.92 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts forecast that CACI International will post 20.37 earnings per share for the current 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 transaction of $54,253.50. Following the completion of the sale, the director now directly owns 6,446 shares in the company, valued at $2,331,453.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other CACI International news, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the transaction, the executive vice president now directly owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory G. Johnson sold 150 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $361.69, for a total value of $54,253.50. Following the completion of the sale, the director now directly owns 6,446 shares in the company, valued at $2,331,453.74. The disclosure for this sale can be found here. 1.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CACI International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd grew its position in shares of CACI International by 9.1% in the third quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock valued at $170,000 after purchasing an additional 45 shares during the last quarter. Eagle Bay Advisors LLC grew its position in shares of CACI International by 91.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 63 shares during the last quarter. Essex Financial Services Inc. grew its position in shares of CACI International by 10.4% in the fourth quarter. Essex Financial Services Inc. now owns 1,059 shares of the information technology services provider’s stock valued at $343,000 after purchasing an additional 100 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its position in shares of CACI International by 12.7% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 1,901 shares of the information technology services provider’s stock valued at $616,000 after purchasing an additional 214 shares during the last quarter. Finally, Zions Bancorporation N.A. grew its position in CACI International by 7.7% during the third quarter. Zions Bancorporation N.A. now owns 4,052 shares of the information technology services provider’s stock worth $1,272,000 after buying an additional 289 shares in the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.

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.