CACI International (NYSE:CACI) Given “Buy” Rating at Truist Financial

CACI International (NYSE:CACI)‘s stock had its “buy” rating reiterated by research analysts at Truist Financial in a report issued on Friday, Benzinga reports. They presently have a $650.00 price objective on the information technology services provider’s stock, up from their prior price objective of $520.00. Truist Financial’s price objective points to a potential upside of 18.75% from the stock’s current price.

Several other research firms have also recently issued reports on CACI. Bank of America upped their price target on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Raymond James downgraded shares of CACI International from an “outperform” rating to a “market perform” rating in a research note on Monday, August 5th. Robert W. Baird boosted their target price on shares of CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday. Wells Fargo & Company boosted 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. boosted their target price on shares of CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $534.70.

CACI International Price Performance

NYSE CACI opened at $547.36 on Friday. The stock has a market capitalization of $12.20 billion, a P/E ratio of 31.62, a P/E/G ratio of 2.22 and a beta of 0.93. CACI International has a 1 year low of $302.21 and a 1 year high of $570.28. The business’s fifty day moving average is $496.80 and its two-hundred day moving average is $450.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.27.

CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.08 by $0.85. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.92 billion. CACI International had a return on equity of 14.31% and a net margin of 5.48%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.36 earnings per share. On average, research analysts forecast that CACI International will post 23 earnings per share for the current fiscal year.

Insider Activity

In other 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 transaction, the insider now directly owns 35,538 shares in the company, valued at $17,499,266.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other 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 transaction, the insider now directly owns 35,538 shares in the company, valued at $17,499,266.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory G. Johnson sold 300 shares of the business’s 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 transaction, the director now owns 5,910 shares in the company, valued at approximately $2,783,610. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,270 shares of company stock worth $10,165,972 in the last ninety days. Corporate insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On CACI International

Large investors have recently bought and sold shares of the business. UMB Bank n.a. boosted its holdings in CACI International by 81.4% in the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 35 shares in the last quarter. Versant Capital Management Inc boosted its holdings in CACI International by 900.0% in 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 in the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in CACI International by 35.1% in the second 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 in the last quarter. Argent Capital Management LLC bought a new stake in CACI International in the third quarter worth $208,000. Finally, Covestor Ltd boosted its holdings in CACI International by 8.9% in the first quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock worth $237,000 after purchasing an additional 51 shares in the last quarter. 86.43% of the stock is currently owned by 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.