Stifel Nicolaus Increases CACI International (NYSE:CACI) Price Target to $430.00

CACI International (NYSE:CACI) had its target price upped by Stifel Nicolaus from $390.00 to $430.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a buy rating on the information technology services provider’s stock.

CACI has been the subject of several other research reports. Robert W. Baird upped their price target on shares of CACI International from $370.00 to $464.00 and gave the stock an outperform rating in a research report on Monday, April 8th. StockNews.com lowered shares of CACI International from a buy rating to a hold rating in a research report on Monday, April 15th. Jefferies Financial Group lowered shares of CACI International from a buy rating to a hold rating and lowered their price target for the stock from $375.00 to $350.00 in a research report on Wednesday, January 3rd. The Goldman Sachs Group upped their price objective on shares of CACI International from $379.00 to $425.00 and gave the stock a neutral rating in a report on Tuesday, April 16th. Finally, Truist Financial upped their price objective on shares of CACI International from $385.00 to $410.00 and gave the stock a buy rating in a report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $400.82.

CACI International Stock Up 5.8 %

CACI stock opened at $401.48 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 1.32. CACI International has a 1-year low of $293.69 and a 1-year high of $403.85. The firm has a fifty day moving average price of $371.66 and a two-hundred day moving average price of $344.62. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.90 and a beta of 0.89.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 EPS for the quarter, topping the consensus estimate of $5.55 by $0.19. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. CACI International had a net margin of 5.31% and a return on equity of 13.65%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.92 earnings per share. Research analysts predict that CACI International will post 20.27 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On CACI International

A number of large investors have recently made changes to their positions in the business. HTLF Bank acquired a new position in shares of CACI International in the 1st quarter valued at about $229,000. Confluence Wealth Services Inc. acquired a new position in CACI International in the first quarter worth approximately $237,000. Running Oak Capital LLC increased its holdings in CACI International by 10.6% in the first quarter. Running Oak Capital LLC now owns 30,101 shares of the information technology services provider’s stock worth $11,403,000 after buying an additional 2,883 shares during the last quarter. M&R Capital Management Inc. acquired a new position in CACI International in the first quarter worth approximately $1,092,000. Finally, Ophir Asset Management Pty Ltd increased its holdings in CACI International by 12.9% in the fourth quarter. Ophir Asset Management Pty Ltd now owns 66,359 shares of the information technology services provider’s stock worth $21,491,000 after buying an additional 7,596 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

About CACI International

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.