Barclays Issues Positive Forecast for CACI International (NYSE:CACI) Stock Price

CACI International (NYSE:CACI) had its price objective hoisted by Barclays from $610.00 to $625.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Barclays‘s price objective suggests a potential upside of 9.07% from the company’s current price.

CACI has been the subject of a number of other research reports. Truist Financial reissued a “buy” rating and issued a $650.00 price target (up previously from $520.00) on shares of CACI International in a report on Friday, October 25th. TD Cowen lifted their target price on CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Robert W. Baird upped their price target on CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their target price on shares of CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. upped their price objective on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $547.20.

CACI International Price Performance

CACI traded up $0.59 during trading on Tuesday, hitting $573.03. The company’s stock had a trading volume of 47,957 shares, compared to its average volume of 113,076. The firm’s 50 day moving average price is $515.39 and its two-hundred day moving average price is $465.85. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 2.23 and a beta of 0.91. CACI International has a 12 month low of $314.06 and a 12 month high of $588.26.

CACI International (NYSE:CACI) last issued its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.85. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.36 EPS. Sell-side analysts forecast that CACI International will post 23.36 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Gregory R. Bradford sold 10,000 shares of the company’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 directly owns 35,538 shares of the company’s stock, valued at $17,499,266.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Gregory R. Bradford sold 10,000 shares of the 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 completion of the transaction, the insider now owns 35,538 shares in the company, valued at approximately $17,499,266.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory G. Johnson sold 300 shares of CACI International stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total transaction of $141,300.00. Following the completion of the sale, the director now owns 5,910 shares in the company, valued at $2,783,610. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,270 shares of company stock worth $10,165,972 over the last quarter. 1.35% of the stock is currently owned by company insiders.

Institutional Trading of CACI International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kennedy Capital Management LLC raised its stake in CACI International by 39.9% in the first quarter. Kennedy Capital Management LLC now owns 8,276 shares of the information technology services provider’s stock valued at $3,135,000 after buying an additional 2,359 shares during the period. SG Americas Securities LLC grew its stake in CACI International by 418.0% in the 1st quarter. SG Americas Securities LLC now owns 4,522 shares of the information technology services provider’s stock valued at $1,713,000 after buying an additional 3,649 shares during the last quarter. Comerica Bank raised its holdings in CACI International by 13.4% in the 1st quarter. Comerica Bank now owns 11,609 shares of the information technology services provider’s stock valued at $4,398,000 after acquiring an additional 1,372 shares during the period. Lord Abbett & CO. LLC acquired a new stake in CACI International during the first quarter worth approximately $18,271,000. Finally, Lazard Asset Management LLC bought a new stake in shares of CACI International during the first quarter worth approximately $653,000. Institutional investors own 86.43% of the company’s stock.

CACI International Company Profile

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.