Truist Financial Boosts CACI International (NYSE:CACI) Price Target to $500.00

CACI International (NYSE:CACI) had its target price hoisted by Truist Financial from $450.00 to $500.00 in a report released on Thursday, Benzinga reports. The firm currently has a buy rating on the information technology services provider’s stock.

A number of other equities analysts have also recently weighed in on CACI. Robert W. Baird increased their price objective 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. Barclays lifted their price objective on CACI International from $400.00 to $450.00 and gave the company an overweight rating in a research note on Tuesday, April 30th. Wells Fargo & Company increased their target price on CACI International from $410.00 to $468.00 and gave the stock an overweight rating in a research note on Tuesday, April 30th. StockNews.com raised CACI International from a hold rating to a buy rating in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group boosted their price target on shares of CACI International from $379.00 to $425.00 and gave the stock a neutral rating in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $423.64.

CACI International Price Performance

NYSE:CACI opened at $430.13 on Thursday. CACI International has a 52 week low of $302.21 and a 52 week high of $439.20. The stock’s fifty day moving average is $420.98 and its two-hundred day moving average is $376.83. The company has a market capitalization of $9.59 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.04 and a beta of 0.90. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.48.

CACI International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.19. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the firm earned $4.92 EPS. CACI International’s revenue was up 11.1% on a year-over-year basis. Equities analysts expect that CACI International will post 20.35 EPS for the current year.

Insiders Place Their Bets

In other news, Director Gregory G. Johnson sold 200 shares of CACI International stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $428.19, for a total transaction of $85,638.00. Following the completion of the sale, the director now directly owns 6,078 shares of the company’s stock, valued at approximately $2,602,538.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Gregory G. Johnson sold 200 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $428.19, for a total transaction of $85,638.00. Following the sale, the director now owns 6,078 shares of the company’s stock, valued at approximately $2,602,538.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey D. Maclauchlan sold 1,900 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $427.50, for a total value of $812,250.00. Following the sale, the chief financial officer now owns 519 shares of the company’s stock, valued at approximately $221,872.50. The disclosure for this sale can be found here. Insiders sold 4,100 shares of company stock worth $1,755,028 in the last 90 days. Corporate insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On CACI International

A number of institutional investors and hedge funds have recently bought and sold shares of CACI. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of CACI International by 32.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 12,583 shares of the information technology services provider’s stock valued at $3,951,000 after purchasing an additional 3,104 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in CACI International in the fourth quarter valued at approximately $152,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of CACI International in the fourth quarter valued at approximately $18,360,000. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of CACI International by 65.2% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 68,139 shares of the information technology services provider’s stock worth $22,067,000 after acquiring an additional 26,887 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of CACI International by 10.9% in the 4th quarter. Strs Ohio now owns 27,704 shares of the information technology services provider’s stock valued at $8,972,000 after acquiring an additional 2,721 shares during the period. 86.43% of the stock is owned by hedge funds and other institutional investors.

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.