CACI International (NYSE:CACI) PT Raised to $535.00 at Bank of America

CACI International (NYSE:CACI) had its price objective raised by stock analysts at Bank of America from $450.00 to $535.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Bank of America‘s price target would indicate a potential upside of 11.75% from the company’s current price.

Several other research analysts have also recently issued reports on CACI. JPMorgan Chase & Co. increased their price objective on CACI International from $383.00 to $458.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Wells Fargo & Company raised their price target on CACI International from $410.00 to $468.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Barclays upped their price objective on shares of CACI International from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. TD Cowen raised their target price on shares of CACI International from $435.00 to $480.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Raymond James lowered shares of CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, CACI International currently has an average rating of “Moderate Buy” and an average price target of $461.00.

CACI International Stock Up 0.4 %

NYSE:CACI opened at $478.73 on Tuesday. The company has a market cap of $10.67 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 1.95 and a beta of 0.92. CACI International has a twelve month low of $302.21 and a twelve month high of $482.16. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $449.01 and a 200-day simple moving average of $412.50.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.68. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.93 billion. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $5.30 EPS. Analysts anticipate that CACI International will post 20.34 EPS for the current year.

Insider Buying and Selling

In other CACI International news, Director Gregory G. Johnson sold 200 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $428.19, for a total value of $85,638.00. Following the completion of the sale, the director now directly owns 6,078 shares in the company, valued at $2,602,538.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO John S. Mengucci sold 10,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the sale, the chief executive officer now directly owns 91,368 shares of the company’s stock, valued at $42,319,830.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory G. Johnson sold 200 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $428.19, for a total value of $85,638.00. Following the completion of the transaction, the director now owns 6,078 shares of the company’s stock, valued at approximately $2,602,538.82. The disclosure for this sale can be found here. Insiders have sold a total of 10,500 shares of company stock worth $4,858,738 in the last ninety days. 1.23% of the stock is owned by insiders.

Institutional Trading of CACI International

Large investors have recently added to or reduced their stakes in the company. Driehaus Capital Management LLC lifted its holdings in shares of CACI International by 125.8% during the second quarter. Driehaus Capital Management LLC now owns 1,215 shares of the information technology services provider’s stock worth $523,000 after purchasing an additional 677 shares during the period. Marshall Wace LLP acquired a new stake in CACI International during the 2nd quarter valued at approximately $1,997,000. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of CACI International by 1.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock valued at $146,623,000 after acquiring an additional 5,610 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of CACI International by 26.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock valued at $21,043,000 after acquiring an additional 10,295 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of CACI International by 25.5% during the second quarter. Pacer Advisors Inc. now owns 4,238 shares of the information technology services provider’s stock worth $1,823,000 after purchasing an additional 861 shares during the last quarter. 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.