CACI International (NYSE:CACI) PT Raised to $577.00 at Wells Fargo & Company

CACI International (NYSE:CACI) had its price objective upped by Wells Fargo & Company from $525.00 to $577.00 in a research report sent to investors on Tuesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the information technology services provider’s stock.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of CACI International from $383.00 to $458.00 and gave the company an overweight rating in a research report on Wednesday, July 10th. Raymond James downgraded CACI International from an outperform rating to a market perform rating in a report on Monday, August 5th. Bank of America increased their target price on CACI International from $535.00 to $555.00 and gave the stock a buy rating in a report on Tuesday, September 17th. Truist Financial upped their price target on CACI International from $500.00 to $520.00 and gave the company a buy rating in a research report on Thursday, September 5th. Finally, Barclays increased their price objective on CACI International from $450.00 to $500.00 and gave the stock an overweight rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, CACI International has an average rating of Moderate Buy and a consensus price target of $485.60.

CACI International Trading Up 1.3 %

CACI International stock opened at $512.30 on Tuesday. The business has a 50 day moving average price of $473.87 and a two-hundred day moving average price of $432.77. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.42. CACI International has a 12 month low of $302.21 and a 12 month high of $512.93. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 2.11 and a beta of 0.93.

CACI International (NYSE:CACI) last issued its earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.93 by $0.68. CACI International had a return on equity of 14.31% and a net margin of 5.48%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the company posted $5.30 earnings per share. CACI International’s revenue was up 19.7% on a year-over-year basis. As a group, equities analysts forecast that CACI International will post 23.07 EPS for the current year.

Insiders Place Their Bets

In other news, insider Gregory R. Bradford sold 10,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $492.41, for a total value of $4,924,100.00. Following the completion of the sale, the insider now directly owns 35,538 shares in the company, valued at $17,499,266.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, 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 transaction of $4,924,100.00. Following the sale, the insider now directly owns 35,538 shares of the company’s stock, valued at $17,499,266.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP J William Koegel, Jr. sold 970 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $483.27, for a total transaction of $468,771.90. Following the completion of the transaction, the executive vice president now owns 22,651 shares of the company’s stock, valued at approximately $10,946,548.77. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,270 shares of company stock valued at $10,165,972. 1.23% of the stock is currently owned by corporate insiders.

Institutional Trading of CACI International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC bought a new position in shares of CACI International in the 1st quarter valued at about $18,271,000. 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 worth $18,182,000 after acquiring an additional 35,788 shares during the period. BNP Paribas Financial Markets raised its position in shares of 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 valued at $13,243,000 after acquiring an additional 20,835 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of CACI International by 21.4% in the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 82,741 shares of the information technology services provider’s stock valued at $31,345,000 after purchasing an additional 14,602 shares during the period. Finally, M&R Capital Management Inc. boosted its position in shares of CACI International by 487.2% in the 2nd quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider’s stock worth $7,282,000 after purchasing an additional 14,047 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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.