TD Cowen Raises CACI International (NYSE:CACI) Price Target to $570.00

CACI International (NYSE:CACI) had its price target raised by TD Cowen from $545.00 to $570.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s target price indicates a potential upside of 4.21% from the company’s current price.

CACI has been the topic of several other research reports. JPMorgan Chase & Co. lifted their target price on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Raymond James lowered CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Bank of America increased their price objective on CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Wells Fargo & Company raised their price target on shares of CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Barclays boosted their price target on CACI International from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $534.70.

CACI International Price Performance

CACI traded down $5.58 during trading on Friday, reaching $546.97. The stock had a trading volume of 111,952 shares, compared to its average volume of 112,099. The stock has a 50 day moving average of $495.16 and a two-hundred day moving average of $449.05. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 2.22 and a beta of 0.93. CACI International has a 1-year low of $302.21 and a 1-year high of $570.28.

CACI International (NYSE:CACI) last posted its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, beating the consensus estimate of $5.08 by $0.85. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.92 billion. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.36 EPS. As a group, equities analysts anticipate that CACI International will post 23 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Gregory G. Johnson sold 300 shares of CACI International stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total transaction of $141,300.00. Following the transaction, the director now directly owns 5,910 shares of the company’s stock, valued at $2,783,610. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CACI International news, Director Gregory G. Johnson sold 300 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total transaction of $141,300.00. Following the completion of the transaction, the director now owns 5,910 shares of the company’s stock, valued at $2,783,610. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $492.41, for a total value of $4,924,100.00. Following the transaction, the insider now directly owns 35,538 shares of the company’s stock, valued at $17,499,266.58. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,270 shares of company stock valued at $10,165,972 over the last three months. Company insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On CACI International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of CACI International by 1.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock valued at $146,623,000 after acquiring an additional 5,610 shares during the period. Van ECK Associates Corp lifted its position in CACI International by 70.0% during the second quarter. Van ECK Associates Corp now owns 81,584 shares of the information technology services provider’s stock worth $35,092,000 after purchasing an additional 33,589 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in CACI International by 26.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock valued at $21,043,000 after buying an additional 10,295 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of CACI International in the 1st quarter valued at approximately $18,271,000. Finally, BNP Paribas Financial Markets raised its position in shares of CACI International by 147.5% in the 1st quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider’s stock valued at $13,243,000 after buying an additional 20,835 shares in the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

About CACI International

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.