Brokerages Set CACI International Inc (NYSE:CACI) Price Target at $534.70

Shares of CACI International Inc (NYSE:CACI) have been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $545.70.

CACI has been the subject of a number of research analyst reports. Robert W. Baird raised their target price on CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. TD Cowen upped their target price on CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America raised their price target on shares of CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. upped their price objective on shares of CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their price objective on shares of CACI International from $471.00 to $520.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th.

CACI International Stock Performance

Shares of CACI stock opened at $553.28 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The company has a market cap of $12.40 billion, a PE ratio of 27.42, a PEG ratio of 2.39 and a beta of 0.91. CACI International has a 12-month low of $314.06 and a 12-month high of $570.28. The business’s fifty day simple moving average is $505.43 and its 200-day simple moving average is $456.74.

CACI International (NYSE:CACI) last issued its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.36 earnings per share. Analysts expect that CACI International will post 23.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owns 91,368 shares in the company, valued at $42,319,830.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CACI International news, EVP J William Koegel, Jr. sold 970 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction on 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 directly owns 91,368 shares in the company, valued at approximately $42,319,830.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,270 shares of company stock worth $10,165,972. Company insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp increased its stake 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 buying an additional 35,788 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in CACI International by 147.5% in 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 purchasing an additional 20,835 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake 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 purchasing an additional 1,628 shares during the last quarter. BNP Paribas purchased a new stake in shares of CACI International during the first quarter worth $1,191,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of CACI International in the first quarter valued at about $1,069,000. Institutional investors and hedge funds own 86.43% of the company’s stock.

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.