Barclays Increases CACI International (NYSE:CACI) Price Target to $450.00

CACI International (NYSE:CACI) had its price objective raised by Barclays from $400.00 to $450.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the information technology services provider’s stock.

Several other research analysts have also commented on CACI. Jefferies Financial Group lowered shares of CACI International from a buy rating to a hold rating and cut their price target for the company from $375.00 to $350.00 in a report on Wednesday, January 3rd. Stifel Nicolaus raised their price target on shares of CACI International from $390.00 to $430.00 and gave the company a buy rating in a report on Tuesday, April 23rd. StockNews.com upgraded shares of CACI International from a hold rating to a buy rating in a report on Thursday, April 25th. Robert W. Baird raised their price target on shares of CACI International from $370.00 to $464.00 and gave the company an outperform rating in a report on Monday, April 8th. Finally, The Goldman Sachs Group increased their target price on CACI International from $379.00 to $425.00 and gave the company a neutral rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CACI International presently has an average rating of Moderate Buy and a consensus target price of $410.64.

CACI International Trading Up 1.0 %

Shares of CACI stock opened at $414.95 on Tuesday. The firm has a market cap of $9.25 billion, a P/E ratio of 23.97, a PEG ratio of 1.94 and a beta of 0.85. CACI International has a 1-year low of $293.69 and a 1-year high of $416.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s 50-day simple moving average is $376.46 and its 200-day simple moving average is $347.44.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.19. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.92 EPS. As a group, equities analysts forecast that CACI International will post 20.36 EPS for the current year.

Insider Activity at CACI International

In other news, 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 sale, the director now directly owns 6,446 shares in the company, valued at approximately $2,331,453.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Gregory G. Johnson sold 150 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were 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 owns 6,446 shares of the company’s stock, valued at approximately $2,331,453.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP J William Koegel, Jr. sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction of $188,740.00. Following the completion of the transaction, the executive vice president now directly owns 23,385 shares in the company, valued at approximately $8,827,369.80. The disclosure for this sale can be found here. 1.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CACI. Bank of New York Mellon Corp boosted its holdings in shares of CACI International by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 680,633 shares of the information technology services provider’s stock valued at $213,671,000 after acquiring an additional 23,521 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in CACI International in the 3rd quarter worth about $2,099,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in CACI International in the 3rd quarter worth about $12,950,000. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in shares of CACI International in the third quarter valued at approximately $628,000. Finally, California Public Employees Retirement System raised its holdings in shares of CACI International by 0.5% during the third 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 buying an additional 630 shares during the last quarter. Institutional investors and hedge funds 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.