CACI International (NYSE:CACI) Given New $468.00 Price Target at Wells Fargo & Company

CACI International (NYSE:CACI) had its price objective upped by investment analysts at Wells Fargo & Company from $410.00 to $468.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 16.55% from the stock’s current price.

Several other research analysts also recently commented on the company. Robert W. Baird boosted their target price on CACI International from $370.00 to $464.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Stifel Nicolaus raised their target price on shares of CACI International from $390.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Jefferies Financial Group downgraded shares of CACI International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $375.00 to $350.00 in a report on Wednesday, January 3rd. Barclays boosted their price objective on CACI International from $400.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, StockNews.com upgraded CACI International from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $410.64.

CACI International Price Performance

Shares of NYSE CACI traded down $3.47 during mid-day trading on Tuesday, reaching $401.54. The company had a trading volume of 16,307 shares, compared to its average volume of 124,526. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.28 and a current ratio of 1.28. CACI International has a one year low of $293.69 and a one year high of $409.11. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 2.00 and a beta of 0.89. The business’s 50-day simple moving average is $373.98 and its 200 day simple moving average is $346.11.

CACI International (NYSE:CACI) last issued its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.19. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.92 EPS. On average, research analysts predict that CACI International will post 20.39 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was 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 approximately $8,827,369.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP J William Koegel, Jr. sold 500 shares of CACI International stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction of $188,740.00. Following the transaction, the executive vice president now owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory G. Johnson sold 150 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 6,446 shares in the company, valued at approximately $2,331,453.74. 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

Several institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in CACI International by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 680,633 shares of the information technology services provider’s stock worth $213,671,000 after buying an additional 23,521 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in CACI International during the 3rd quarter valued at $2,099,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in CACI International in the 3rd quarter worth about $12,950,000. Mitsubishi UFJ Asset Management UK Ltd. bought a new position in shares of CACI International during the 3rd quarter valued at $628,000. Finally, California Public Employees Retirement System increased its position in shares of CACI International by 0.5% during the 3rd quarter. California Public Employees Retirement System now owns 129,405 shares of the information technology services provider’s stock valued at $40,624,000 after purchasing an additional 630 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.