Caci International (NYSE:CACI) PT Raised to $235.00 at Morgan Stanley

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Caci International (NYSE:CACI) had its price target lifted by Morgan Stanley from $224.00 to $235.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the information technology services provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 2.27% from the company’s current price.

CACI has been the subject of several other reports. Credit Suisse Group reiterated a “buy” rating and issued a $269.00 target price on shares of Caci International in a research note on Thursday, September 19th. Cowen set a $233.00 target price on Caci International and gave the company a “buy” rating in a research note on Wednesday, September 18th. Citigroup lowered Caci International from a “buy” rating to a “neutral” rating and upped their target price for the company from $200.00 to $230.00 in a research note on Tuesday, July 9th. JPMorgan Chase & Co. initiated coverage on Caci International in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $250.00 target price for the company. Finally, Wells Fargo & Co upped their target price on Caci International from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Caci International has an average rating of “Buy” and a consensus price target of $235.18.

Caci International stock opened at $229.79 on Thursday. The firm has a market capitalization of $5.67 billion, a P/E ratio of 21.97, a PEG ratio of 1.88 and a beta of 1.32. The stock has a fifty day moving average price of $222.92 and a 200 day moving average price of $207.25. Caci International has a 52 week low of $138.39 and a 52 week high of $235.00. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68.

Caci International (NYSE:CACI) last released its earnings results on Wednesday, August 14th. The information technology services provider reported $1.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.16). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.38 billion. Caci International had a net margin of 5.33% and a return on equity of 11.61%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 earnings per share. As a group, equities analysts predict that Caci International will post 12.09 EPS for the current year.

In other Caci International news, insider Kenneth Asbury sold 14,050 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $209.53, for a total transaction of $2,943,896.50. Following the completion of the sale, the insider now directly owns 51,080 shares in the company, valued at $10,702,792.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory G. Johnson sold 450 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $216.17, for a total value of $97,276.50. Following the sale, the director now owns 5,001 shares of the company’s stock, valued at $1,081,066.17. The disclosure for this sale can be found here. Insiders have sold 15,411 shares of company stock valued at $3,237,888 over the last 90 days. 1.38% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. Hexavest Inc. purchased a new stake in shares of Caci International in the third quarter worth about $274,000. United Services Automobile Association boosted its position in shares of Caci International by 1.9% in the second quarter. United Services Automobile Association now owns 23,956 shares of the information technology services provider’s stock worth $4,901,000 after buying an additional 438 shares during the period. BRYN MAWR TRUST Co boosted its position in shares of Caci International by 0.8% in the second quarter. BRYN MAWR TRUST Co now owns 49,448 shares of the information technology services provider’s stock worth $10,116,000 after buying an additional 400 shares during the period. BMT Investment Advisors boosted its position in shares of Caci International by 1.3% in the second quarter. BMT Investment Advisors now owns 15,263 shares of the information technology services provider’s stock worth $3,123,000 after buying an additional 200 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Caci International by 46.3% in the second quarter. UBS Asset Management Americas Inc. now owns 32,821 shares of the information technology services provider’s stock worth $6,715,000 after buying an additional 10,382 shares during the period. Institutional investors own 86.63% of the company’s stock.

Caci International Company Profile

CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions in the areas of financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.

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Analyst Recommendations for Caci International (NYSE:CACI)

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