Truist Financial Boosts CACI International (NYSE:CACI) Price Target to $500.00

CACI International (NYSE:CACI) had its price target raised by Truist Financial from $450.00 to $500.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a buy rating on the information technology services provider’s stock.

Several other equities analysts have also commented on CACI. The Goldman Sachs Group upped their price target on CACI International from $379.00 to $425.00 and gave the company a neutral rating in a research note on Tuesday, April 16th. Robert W. Baird lifted their price target on shares of CACI International from $370.00 to $464.00 and gave the company an outperform rating in a research report on Monday, April 8th. Wells Fargo & Company upped their price objective on shares of CACI International from $410.00 to $468.00 and gave the stock an overweight rating in a report on Tuesday, April 30th. Stifel Nicolaus lifted their target price 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. Finally, Barclays raised their price target on CACI International from $400.00 to $450.00 and gave the stock an overweight rating in a research report on Tuesday, April 30th. Two 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 stock currently has a consensus rating of Moderate Buy and an average price target of $423.64.

CACI International Trading Down 1.0 %

Shares of CACI opened at $430.13 on Thursday. CACI International has a 12-month low of $302.21 and a 12-month high of $439.20. The firm has a market capitalization of $9.59 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.06 and a beta of 0.90. The firm has a 50-day moving average price of $420.98 and a 200 day moving average price of $376.49. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.48.

CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.19. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.92 EPS. Sell-side analysts forecast that CACI International will post 20.35 EPS for the current year.

Insider Transactions at CACI International

In related news, CFO Jeffrey D. Maclauchlan sold 1,900 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $427.50, for a total value of $812,250.00. Following the sale, the chief financial officer now owns 519 shares of the company’s stock, valued at $221,872.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other CACI International news, Director Gregory G. Johnson sold 200 shares of CACI International stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $428.19, for a total transaction of $85,638.00. Following the completion of the sale, the director now directly owns 6,078 shares of the company’s stock, valued at approximately $2,602,538.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffrey D. Maclauchlan sold 1,900 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $427.50, for a total value of $812,250.00. Following the completion of the transaction, the chief financial officer now owns 519 shares in the company, valued at approximately $221,872.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,100 shares of company stock valued at $1,755,028. 1.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CACI International

Several institutional investors have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC lifted its position in shares of CACI International by 91.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock worth $43,000 after buying an additional 63 shares during the last quarter. Anchor Investment Management LLC acquired a new position in CACI International in the fourth quarter valued at $152,000. HTLF Bank purchased a new position in shares of CACI International during the first quarter worth about $229,000. Covestor Ltd increased its position in shares of CACI International by 8.9% during the first quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock worth $237,000 after purchasing an additional 51 shares in the last quarter. Finally, Confluence Wealth Services Inc. purchased a new stake in shares of CACI International in the 1st quarter valued at about $237,000. Hedge funds and other institutional investors 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.