Truist Financial Lowers CACI International (NYSE:CACI) Price Target to $550.00

CACI International (NYSE:CACI) had its price objective decreased by Truist Financial from $650.00 to $550.00 in a research note released on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the information technology services provider’s stock.

A number of other brokerages also recently weighed in on CACI. Robert W. Baird upped their price objective on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Wells Fargo & Company upped their target price on CACI International from $525.00 to $577.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. TD Cowen lifted their price target on shares of CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Raymond James downgraded shares of CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $537.20.

CACI International Trading Down 0.9 %

Shares of NYSE:CACI opened at $464.60 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. CACI International has a 52-week low of $314.06 and a 52-week high of $588.26. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 1.45 and a beta of 0.91. The business has a 50-day moving average price of $516.95 and a 200-day moving average price of $470.67.

CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, beating the consensus estimate of $5.08 by $0.85. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.36 earnings per share. Equities analysts predict that CACI International will post 23.47 EPS for the current year.

Insiders Place Their Bets

In other CACI International news, EVP J William Koegel, Jr. sold 970 shares of the stock in a transaction 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 transaction, the executive vice president now owns 22,651 shares of the company’s stock, valued at $10,946,548.77. This represents a 4.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gregory R. Bradford sold 10,000 shares of CACI International 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 sale, the insider now owns 35,538 shares of the company’s stock, valued at $17,499,266.58. This trade represents a 21.96 % decrease in their position. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CACI International

A number of large investors have recently modified their holdings of the company. TD Private Client Wealth LLC boosted its position in CACI International by 49.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock valued at $127,000 after buying an additional 83 shares during the last quarter. Toronto Dominion Bank acquired a new position in shares of CACI International in the 3rd quarter valued at approximately $184,000. Geode Capital Management LLC boosted its stake in shares of CACI International by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock valued at $243,386,000 after buying an additional 22,823 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of CACI International during the third quarter worth approximately $289,000. Finally, Captrust Financial Advisors increased its stake in shares of CACI International by 10.2% in the third quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock worth $415,000 after buying an additional 76 shares during the last quarter. 86.43% of the stock is currently 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.