The Goldman Sachs Group Raises CACI International (NYSE:CACI) Price Target to $520.00

CACI International (NYSE:CACI) had its target price raised by stock analysts at The Goldman Sachs Group from $471.00 to $520.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the information technology services provider’s stock. The Goldman Sachs Group’s target price would suggest a potential downside of 5.66% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. lifted their price objective 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. Barclays boosted their price target on shares of CACI International from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Wells Fargo & Company boosted 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. Bank of America boosted their price target on shares of CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Finally, Robert W. Baird boosted their price target on shares of CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, CACI International currently has an average rating of “Moderate Buy” and an average price target of $525.70.

CACI International Stock Performance

Shares of NYSE:CACI traded down $1.36 during mid-day trading on Friday, reaching $551.19. The company had a trading volume of 37,203 shares, compared to its average volume of 111,738. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 2.22 and a beta of 0.93. The company’s 50-day moving average price is $495.16 and its 200-day moving average price is $449.05. CACI International has a one year low of $302.21 and a one year high of $570.28.

CACI International (NYSE:CACI) last posted its quarterly earnings results 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. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.92 billion. CACI International had a net margin of 5.48% and a return on equity of 14.31%. CACI International’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.36 EPS. As a group, equities research analysts anticipate that CACI International will post 23 EPS for the current fiscal year.

Insiders Place Their Bets

In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gregory G. Johnson sold 300 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 5,910 shares of the company’s stock, valued at $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 sold 21,270 shares of company stock valued at $10,165,972 over the last three months. Insiders own 1.23% of the company’s stock.

Hedge Funds Weigh In On CACI International

Hedge funds and other institutional investors have recently modified their holdings of the company. Kennedy Capital Management LLC raised its stake in shares of CACI International by 39.9% during 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 acquiring an additional 2,359 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of CACI International by 418.0% during the first quarter. SG Americas Securities LLC now owns 4,522 shares of the information technology services provider’s stock valued at $1,713,000 after acquiring an additional 3,649 shares during the last quarter. BNP Paribas bought a new position in shares of CACI International during the first quarter valued at about $1,191,000. Comerica Bank raised its stake in shares of CACI International by 13.4% during the first 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 last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of CACI International during the first quarter valued at about $18,271,000. 86.43% of the stock is owned by institutional investors.

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.