UBS Group Initiates Coverage on CACI International (NYSE:CACI)

Equities researchers at UBS Group started coverage on shares of CACI International (NYSE:CACI) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm set a “buy” rating and a $557.00 price target on the information technology services provider’s stock. UBS Group’s price target points to a potential upside of 22.75% from the stock’s previous close.

CACI has been the subject of several other research reports. Truist Financial lowered their price objective on shares of CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Raymond James downgraded shares of CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Wells Fargo & Company reduced their price objective on CACI International from $637.00 to $564.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Barclays raised their price objective on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. boosted their target price on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $537.82.

CACI International Stock Performance

NYSE:CACI opened at $453.75 on Monday. The stock has a market capitalization of $10.17 billion, a P/E ratio of 22.49, a P/E/G ratio of 1.42 and a beta of 0.85. The stock has a 50-day moving average price of $514.37 and a 200 day moving average price of $471.97. CACI International has a 12-month low of $314.06 and a 12-month high of $588.26. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48.

CACI International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. The firm had revenue of $2.06 billion during 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 business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.36 earnings per share. Equities research analysts forecast that CACI International will post 23.45 EPS for the current fiscal year.

Insider Transactions at CACI International

In other news, insider Gregory R. Bradford sold 10,000 shares of CACI International stock in a transaction on Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the transaction, the insider now owns 35,538 shares in the company, valued at $17,499,266.58. The trade was a 21.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On CACI International

A number of institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its holdings in CACI International by 40.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 18 shares during the period. Rosenberg Matthew Hamilton lifted its stake in CACI International by 9.8% in the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after acquiring an additional 19 shares during the last quarter. UMB Bank n.a. grew its holdings 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 acquiring an additional 35 shares in the last quarter. Captrust Financial Advisors increased its position in shares of CACI International by 10.2% in the 3rd quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock valued at $415,000 after purchasing an additional 76 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of 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 purchasing an additional 83 shares in the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

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.