CACI International (NYSE:CACI) Price Target Raised to $425.00 at The Goldman Sachs Group

CACI International (NYSE:CACI) had its target price lifted by The Goldman Sachs Group from $379.00 to $425.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the information technology services provider’s stock.

A number of other analysts have also recently weighed in on CACI. JPMorgan Chase & Co. raised their price target on shares of CACI International from $375.00 to $383.00 and gave the company an overweight rating in a report on Tuesday, February 6th. Truist Financial raised their target price on shares of CACI International from $385.00 to $410.00 and gave the company a buy rating in a research note on Tuesday, April 9th. Jefferies Financial Group lowered shares of CACI International from a buy rating to a hold rating and cut their price target for the stock from $375.00 to $350.00 in a report on Wednesday, January 3rd. Robert W. Baird increased their price objective on CACI International from $370.00 to $464.00 and gave the company an outperform rating in a report on Monday, April 8th. Finally, StockNews.com cut CACI International from a buy rating to a hold rating in a research report on Monday, April 15th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $396.27.

CACI International Stock Performance

Shares of NYSE:CACI opened at $369.37 on Tuesday. The firm has a 50 day moving average of $370.49 and a 200 day moving average of $342.99. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. CACI International has a 52 week low of $293.69 and a 52 week high of $382.65.

CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.14). The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. CACI International had a net margin of 5.31% and a return on equity of 13.65%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.28 earnings per share. On average, sell-side analysts predict that CACI International will post 20.27 earnings per share for the current fiscal year.

Insider Buying and Selling at CACI International

In other news, EVP J William Koegel, Jr. sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the transaction, the executive vice president now directly owns 23,385 shares in the company, valued at $8,827,369.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Gregory G. Johnson sold 150 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $361.69, for a total transaction of $54,253.50. Following the completion of the transaction, the director now owns 6,446 shares of the company’s stock, valued at $2,331,453.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the completion of the sale, the executive vice president now directly owns 23,385 shares in the company, valued at $8,827,369.80. The disclosure for this sale can be found here. Company insiders own 1.23% of the company’s stock.

Hedge Funds Weigh In On CACI International

A number of institutional investors have recently modified their holdings of CACI. Zions Bancorporation N.A. grew its holdings in CACI International by 37.3% during the first quarter. Zions Bancorporation N.A. now owns 2,762 shares of the information technology services provider’s stock worth $832,000 after acquiring an additional 751 shares during the period. Brown Brothers Harriman & Co. grew its stake in shares of CACI International by 47.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 288 shares of the information technology services provider’s stock worth $87,000 after purchasing an additional 93 shares during the period. Neuberger Berman Group LLC grew its stake in shares of CACI International by 43.8% during the 1st quarter. Neuberger Berman Group LLC now owns 1,911 shares of the information technology services provider’s stock worth $576,000 after purchasing an additional 582 shares during the period. Captrust Financial Advisors increased its holdings in shares of CACI International by 435.5% during the 2nd quarter. Captrust Financial Advisors now owns 4,943 shares of the information technology services provider’s stock valued at $1,393,000 after purchasing an additional 4,020 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of CACI International by 0.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,625 shares of the information technology services provider’s stock valued at $3,557,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.

CACI International Company Profile

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.