CACI International’s (CACI) “Buy” Rating Reaffirmed at Truist Financial

CACI International (NYSE:CACI)‘s stock had its “buy” rating reissued by equities research analysts at Truist Financial in a research note issued on Friday, Benzinga reports. They presently have a $650.00 price target on the information technology services provider’s stock, up from their previous price target of $520.00. Truist Financial’s price target indicates a potential upside of 17.21% from the stock’s previous close.

CACI has been the topic of several other reports. Robert W. Baird boosted their target price on CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday. Raymond James cut shares of CACI International from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Bank of America raised their price objective on shares of CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Finally, Wells Fargo & Company upped their target price on shares of CACI International from $525.00 to $577.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $516.20.

CACI International Trading Up 0.4 %

Shares of CACI stock traded up $2.00 during mid-day trading on Friday, hitting $554.55. The company’s stock had a trading volume of 11,567 shares, compared to its average volume of 111,614. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.27. The company’s fifty day simple moving average is $495.16 and its 200-day simple moving average is $449.05. The company has a market cap of $12.36 billion, a PE ratio of 32.08, a P/E/G ratio of 2.22 and a beta of 0.93. CACI International has a 52 week low of $302.21 and a 52 week high of $570.28.

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

Insider Activity at CACI International

In related news, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the sale, the chief executive officer now owns 91,368 shares in the company, valued at approximately $42,319,830.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the transaction, the chief executive officer now 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 document filed with the SEC, which is available at this hyperlink. Also, EVP J William Koegel, Jr. sold 970 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $483.27, for a total transaction of $468,771.90. Following the transaction, the executive vice president now owns 22,651 shares in the company, valued at approximately $10,946,548.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,270 shares of company stock valued at $10,165,972. Insiders own 1.23% of the company’s stock.

Hedge Funds Weigh In On CACI International

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. grew its position in CACI International by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 35 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of CACI International by 900.0% in the 2nd quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 90 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in CACI International by 35.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock worth $174,000 after acquiring an additional 105 shares in the last quarter. Argent Capital Management LLC purchased a new stake in CACI International during the 3rd quarter worth about $208,000. Finally, Covestor Ltd grew its holdings 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 during the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

CACI International Company Profile

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.