TD Cowen Boosts CACI International (NYSE:CACI) Price Target to $570.00

CACI International (NYSE:CACI) had its target price upped by equities research analysts at TD Cowen from $545.00 to $570.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s price objective would indicate a potential upside of 4.21% from the company’s current price.

CACI has been the topic of a number of other research reports. 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 report on Wednesday, October 2nd. Bank of America upped their price objective on shares of CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Truist Financial reiterated a “buy” rating and set a $650.00 price objective (up from $520.00) on shares of CACI International in a report on Friday. Raymond James cut shares of CACI International from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. Finally, Robert W. Baird upped their price target on CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, CACI International has a consensus rating of “Moderate Buy” and a consensus price target of $534.70.

CACI International Trading Down 1.0 %

Shares of NYSE:CACI traded down $5.58 during midday trading on Friday, hitting $546.97. 111,952 shares of the stock were exchanged, compared to its average volume of 112,099. CACI International has a 12 month low of $302.21 and a 12 month high of $570.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 31.70, a P/E/G ratio of 2.22 and a beta of 0.93. The business’s 50-day moving average price is $495.16 and its 200 day moving average price is $449.05.

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

Insider Activity

In other news, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $463.18, for a total transaction of $4,631,800.00. Following the transaction, the chief executive officer now directly owns 91,368 shares in the company, valued at approximately $42,319,830.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Gregory G. Johnson sold 300 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total transaction of $141,300.00. Following the transaction, the director now directly owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $463.18, for a total value of $4,631,800.00. Following the completion of the sale, the chief executive officer now directly owns 91,368 shares of the company’s stock, valued at $42,319,830.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,270 shares of company stock worth $10,165,972. 1.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CACI. UMB Bank n.a. grew its position in shares of CACI International by 81.4% in the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after buying an additional 35 shares during the period. Versant Capital Management Inc grew its stake in shares of CACI International by 900.0% in the 2nd quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock worth $43,000 after buying an additional 90 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in CACI International by 35.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock valued at $174,000 after buying an additional 105 shares during the last quarter. Argent Capital Management LLC bought a new stake in CACI International in the third quarter worth $208,000. Finally, Covestor Ltd increased its holdings in shares of CACI International by 8.9% during the first quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock valued at $237,000 after acquiring an additional 51 shares in the last quarter. 86.43% of the stock is 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.