Barclays Forecasts Strong Price Appreciation for CACI International (NYSE:CACI) Stock

CACI International (NYSE:CACI) had its target price lifted by Barclays from $500.00 to $610.00 in a report released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

Several other equities analysts have also recently issued reports on CACI. Raymond James cut CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Wells Fargo & Company increased their target price on shares of 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 raised their price objective on CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a report on Friday, October 25th. Robert W. Baird boosted their target price on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price objective on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $545.70.

CACI International Trading Down 1.8 %

Shares of NYSE:CACI opened at $552.59 on Tuesday. CACI International has a 1 year low of $314.06 and a 1 year high of $570.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $12.38 billion, a P/E ratio of 27.38, a P/E/G ratio of 2.22 and a beta of 0.93. The business’s 50-day moving average is $502.18 and its 200 day moving average is $454.75.

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

Insider Buying and Selling at CACI International

In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $492.41, for a total value of $4,924,100.00. Following the sale, the insider now owns 35,538 shares of the company’s stock, valued at $17,499,266.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other CACI International news, EVP J William Koegel, Jr. sold 970 shares of the business’s 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 completion of the transaction, the executive vice president now owns 22,651 shares in the company, valued at $10,946,548.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gregory R. Bradford sold 10,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the completion of the sale, the insider now owns 35,538 shares in the company, valued at $17,499,266.58. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,270 shares of company stock worth $10,165,972 over the last quarter. 1.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CACI International

Several large investors have recently bought and sold shares of CACI. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of CACI International by 1.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock valued at $146,623,000 after purchasing an additional 5,610 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of CACI International by 42.5% in the third quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock valued at $60,917,000 after acquiring an additional 34,647 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of CACI International by 26.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock worth $21,043,000 after acquiring an additional 10,295 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of CACI International in the 1st quarter valued at $18,271,000. Finally, BNP Paribas Financial Markets raised its position 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 during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

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.