Jefferies Financial Group Cuts CACI International (NYSE:CACI) Price Target to $455.00

CACI International (NYSE:CACI) had its price target lowered by Jefferies Financial Group from $520.00 to $455.00 in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has a buy rating on the information technology services provider’s stock.

A number of other analysts also recently issued reports on CACI. Raymond James reaffirmed an “outperform” rating and set a $490.00 price target (up from $475.00) on shares of CACI International in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on CACI International from $536.00 to $480.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. William Blair cut shares of CACI International from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. The Goldman Sachs Group downgraded shares of CACI International from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $540.00 to $373.00 in a research report on Thursday, December 12th. Finally, TD Cowen dropped their target price on shares of CACI International from $610.00 to $480.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $517.31.

CACI International Price Performance

Shares of NYSE CACI opened at $375.80 on Tuesday. The stock’s 50-day moving average is $374.30 and its two-hundred day moving average is $442.15. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.01 and a beta of 0.88. CACI International has a 1-year low of $318.60 and a 1-year high of $588.26.

CACI International (NYSE:CACI) last issued its earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share for the quarter, beating the consensus estimate of $5.28 by $0.67. CACI International had a net margin of 5.90% and a return on equity of 15.30%. Analysts forecast that CACI International will post 23.94 EPS for the current fiscal year.

Insider Transactions at CACI International

In other news, Director Debora A. Plunkett sold 309 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $363.62, for a total transaction of $112,358.58. Following the completion of the sale, the director now owns 2,315 shares in the company, valued at $841,780.30. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On CACI International

A number of hedge funds and other institutional investors have recently bought and sold shares of CACI. First Horizon Advisors Inc. boosted its holdings in shares of CACI International by 40.0% in the third quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 18 shares in the last quarter. BNP Paribas Financial Markets lifted its position in CACI International by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock valued at $29,745,000 after purchasing an additional 15,961 shares during the period. Captrust Financial Advisors boosted its holdings in CACI International by 10.2% in the 3rd quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock valued at $415,000 after purchasing an additional 76 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in CACI International during the 3rd quarter worth approximately $289,000. Finally, Geode Capital Management LLC raised its stake in shares of CACI International by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after buying an additional 22,823 shares in the last quarter. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

About CACI International

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.