Truist Financial Issues Pessimistic Forecast for CACI International (NYSE:CACI) Stock Price

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

Several other equities analysts have also commented on CACI. JPMorgan Chase & Co. raised their price target on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Raymond James lowered CACI International from an “outperform” rating to a “market perform” rating in a research note on Monday, August 5th. Barclays raised their price target on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group raised their price target on CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Bank of America raised their price target on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, CACI International presently has an average rating of “Moderate Buy” and a consensus target price of $537.20.

CACI International Stock Performance

CACI stock opened at $468.89 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. The business’s fifty day simple moving average is $517.47 and its two-hundred day simple moving average is $469.75. CACI International has a twelve month low of $314.06 and a twelve month high of $588.26. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.73 and a beta of 0.91.

CACI International (NYSE:CACI) last released its 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 business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.36 earnings per share. Analysts predict that CACI International will post 23.42 earnings per share for the current year.

Insider Activity at CACI International

In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 35,538 shares of the company’s stock, valued at approximately $17,499,266.58. This trade represents a 21.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP J William Koegel, Jr. sold 970 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $483.27, for a total value of $468,771.90. Following the completion of the sale, the executive vice president now directly owns 22,651 shares of the company’s stock, valued at approximately $10,946,548.77. This represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. 1.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CACI International

Several institutional investors have recently added to or reduced their stakes in CACI. Van ECK Associates Corp boosted its holdings in 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 worth $60,917,000 after acquiring an additional 34,647 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CACI International by 5.0% during the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after purchasing an additional 22,823 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of CACI International by 37.1% during the third quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock worth $29,745,000 after purchasing an additional 15,961 shares during the period. M&R Capital Management Inc. lifted its holdings in shares of CACI International by 487.2% during the second quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider’s stock worth $7,282,000 after purchasing an additional 14,047 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings 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 purchasing an additional 10,295 shares during the period. 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.