CACI International (NYSE:CACI) Price Target Raised to $520.00 at The Goldman Sachs Group

CACI International (NYSE:CACI) had its target price hoisted by The Goldman Sachs Group from $471.00 to $520.00 in a research note published on Friday morning, Benzinga reports. They currently have a neutral rating on the information technology services provider’s stock.

A number of other analysts have also commented on CACI. JPMorgan Chase & Co. boosted their price objective on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen upped their price target on CACI International from $435.00 to $480.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Bank of America increased their price target on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Robert W. Baird lifted their price objective on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Truist Financial reiterated a “buy” rating and issued a $650.00 target price (up previously from $520.00) on shares of CACI International in a report on Friday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, CACI International presently has an average rating of “Moderate Buy” and a consensus target price of $534.70.

CACI International Price Performance

Shares of CACI opened at $547.36 on Friday. The business’s fifty day moving average is $496.80 and its 200 day moving average is $450.22. CACI International has a 12-month low of $302.21 and a 12-month high of $570.28. 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 stock has a market cap of $12.20 billion, a P/E ratio of 31.62, a P/E/G ratio of 2.22 and a beta of 0.93.

CACI International (NYSE:CACI) last released its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. The firm had revenue of $2.06 billion for 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 quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $4.36 earnings per share. Sell-side analysts anticipate that CACI International will post 23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CACI International news, Director Gregory G. Johnson sold 300 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total value of $141,300.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $463.18, for a total value of $4,631,800.00. Following the completion of the transaction, the chief executive officer now directly owns 91,368 shares of the company’s stock, valued at approximately $42,319,830.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory G. Johnson sold 300 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total value of $141,300.00. Following the sale, the director now owns 5,910 shares in the company, valued at approximately $2,783,610. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,270 shares of company stock valued at $10,165,972. Company insiders own 1.23% of the company’s stock.

Institutional Trading of CACI International

A number of hedge funds and other institutional investors have recently made changes to their positions in CACI. Van ECK Associates Corp grew its holdings in CACI International by 293.2% during the 1st quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider’s stock valued at $18,182,000 after buying an additional 35,788 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in CACI International by 147.5% during the 1st quarter. BNP Paribas Financial Markets now owns 34,958 shares of the information technology services provider’s stock worth $13,243,000 after acquiring an additional 20,835 shares during the period. Janney Montgomery Scott LLC increased its holdings in CACI International by 36.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,073 shares of the information technology services provider’s stock worth $2,301,000 after acquiring an additional 1,628 shares during the period. BNP Paribas purchased a new stake in CACI International in the 1st quarter worth approximately $1,191,000. Finally, Central Pacific Bank Trust Division bought a new position in CACI International in the 1st quarter valued at $1,069,000. 86.43% of the stock is currently owned by institutional investors.

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.