CACI International (NYSE:CACI) PT Raised to $555.00 at JPMorgan Chase & Co.

CACI International (NYSE:CACI) had its target price hoisted by JPMorgan Chase & Co. from $520.00 to $555.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the information technology services provider’s stock.

Other analysts have also recently issued research reports about the stock. Barclays lifted 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. Wells Fargo & Company lifted their price target on shares of CACI International from $525.00 to $577.00 and gave the company an overweight rating in a research report on Tuesday, October 1st. Raymond James downgraded CACI International from an outperform rating to a market perform rating in a research report on Monday, August 5th. Bank of America lifted their price objective on CACI International from $535.00 to $555.00 and gave the company a buy rating in a report on Tuesday, September 17th. Finally, TD Cowen increased their target price on CACI International from $435.00 to $480.00 and gave the stock a buy rating in a report on Friday, July 12th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $485.60.

CACI International Trading Down 0.1 %

Shares of NYSE:CACI opened at $511.80 on Wednesday. The stock has a market cap of $11.41 billion, a PE ratio of 29.57, a P/E/G ratio of 2.11 and a beta of 0.93. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.42. CACI International has a 12-month low of $302.21 and a 12-month high of $515.16. The business has a 50 day moving average of $476.31 and a 200-day moving average of $434.32.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.93 by $0.68. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.93 billion. CACI International had a return on equity of 14.31% and a net margin of 5.48%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.30 EPS. As a group, equities research analysts forecast that CACI International will post 23.07 earnings per share for the current year.

Insider Transactions at CACI International

In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the completion of the transaction, the insider now owns 35,538 shares of the company’s stock, valued at approximately $17,499,266.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the sale, the insider now owns 35,538 shares of the company’s stock, valued at approximately $17,499,266.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP J William Koegel, Jr. sold 970 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $483.27, for a total value of $468,771.90. Following the completion of the transaction, the executive vice president now owns 22,651 shares of the company’s stock, valued at $10,946,548.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,270 shares of company stock valued at $10,165,972. Corporate insiders own 1.23% of the company’s stock.

Institutional Trading of CACI International

Several hedge funds and other institutional investors have recently made changes to their positions in CACI. Versant Capital Management Inc lifted its holdings in shares of CACI International by 900.0% during the second quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 90 shares during the period. GPS Wealth Strategies Group LLC raised its position in CACI International by 35.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock worth $174,000 after purchasing an additional 105 shares during the last quarter. Covestor Ltd lifted its holdings in CACI International by 8.9% during the 1st quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock worth $237,000 after buying an additional 51 shares during the period. LRI Investments LLC bought a new stake in shares of CACI International in the 1st quarter valued at about $293,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of CACI International in the second quarter valued at about $318,000. 86.43% of the stock is currently owned by institutional investors.

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.