Bank of America Boosts CACI International (NYSE:CACI) Price Target to $555.00

CACI International (NYSE:CACI) had its target price lifted by Bank of America from $535.00 to $555.00 in a research note published on Tuesday morning, Benzinga reports. Bank of America currently has a buy rating on the information technology services provider’s stock.

A number of other equities research analysts also recently weighed in on CACI. TD Cowen lifted their price target on shares of CACI International from $435.00 to $480.00 and gave the company a buy rating in a research report on Friday, July 12th. JPMorgan Chase & Co. lifted their price objective on CACI International from $383.00 to $458.00 and gave the company an overweight rating in a report on Wednesday, July 10th. Raymond James lowered CACI International from an outperform rating to a market perform rating in a report on Monday, August 5th. Barclays boosted their price target on CACI International from $450.00 to $500.00 and gave the company an overweight rating in a research note on Monday, August 12th. Finally, Truist Financial increased their price objective on shares of CACI International from $500.00 to $520.00 and gave the stock a buy rating in a research note on Thursday, September 5th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $465.00.

CACI International Price Performance

Shares of NYSE CACI opened at $489.92 on Tuesday. The firm has a market cap of $10.92 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. The business’s 50 day moving average is $463.50 and its 200-day moving average is $424.23. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42. CACI International has a 1-year low of $302.21 and a 1-year high of $498.00.

CACI International (NYSE:CACI) last posted its quarterly earnings data on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.93 by $0.68. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.93 billion. CACI International had a return on equity of 14.31% and a net margin of 5.48%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business earned $5.30 EPS. Equities research analysts predict that CACI International will post 23.07 earnings per share for the current year.

Insider Activity at CACI International

In related news, Director Gregory G. Johnson sold 300 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total value of $141,300.00. Following the completion of the transaction, the director now owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other CACI International news, Director Gregory G. Johnson sold 300 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 35,538 shares of the company’s stock, valued at $17,499,266.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,270 shares of company stock valued at $10,165,972. 1.23% of the stock is owned by insiders.

Hedge Funds Weigh In On CACI International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its stake in shares of CACI International by 900.0% in the second quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 90 shares during the last quarter. GPS Wealth Strategies Group LLC grew its position in shares of CACI International by 35.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock valued at $174,000 after buying an additional 105 shares during the last quarter. HTLF Bank acquired a new stake in shares of CACI International in the first quarter valued at about $229,000. Covestor Ltd raised 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 acquiring an additional 51 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in shares of CACI International in the first quarter worth approximately $293,000. 86.43% of the stock is currently owned by institutional investors and hedge funds.

CACI International Company Profile

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.