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

Truist Financial reiterated their buy rating on shares of CACI International (NYSE:CACI) in a research report released on Friday morning, Benzinga reports. They currently have a $650.00 price objective on the information technology services provider’s stock, up from their prior price objective of $520.00.

Several other research analysts have also issued reports on CACI. Raymond James lowered shares of CACI International from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. TD Cowen lifted their target price on CACI International from $435.00 to $480.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Robert W. Baird upped their target price on CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Barclays upped their price objective on shares of CACI International from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $534.70.

CACI International Trading Down 0.9 %

Shares of NYSE:CACI opened at $547.36 on Friday. The company has a 50 day moving average of $496.80 and a 200-day moving average of $450.22. 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 $12.20 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 twelve month low of $302.21 and a twelve month high of $570.28.

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

Insider Buying and Selling

In related news, CEO John S. Mengucci sold 10,000 shares of CACI International stock in a transaction on 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 completion of the sale, the chief executive officer now owns 91,368 shares of the company’s stock, valued at approximately $42,319,830.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were 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 owns 91,368 shares in the company, valued at approximately $42,319,830.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory G. Johnson sold 300 shares of the 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 transaction, the director now directly 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. Over the last three months, insiders sold 21,270 shares of company stock worth $10,165,972. 1.23% of the stock is owned by company insiders.

Hedge Funds Weigh In On CACI International

A number of institutional investors have recently made changes to their positions in the business. UMB Bank n.a. increased its position in 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 raised its position in shares of CACI International by 900.0% during the second quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock valued at $43,000 after buying an additional 90 shares during the last quarter. GPS Wealth Strategies Group LLC grew its position 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 worth $174,000 after buying an additional 105 shares in the last quarter. Argent Capital Management LLC bought a new stake in shares of CACI International during the third quarter valued at approximately $208,000. Finally, Covestor Ltd raised its stake in shares of CACI International by 8.9% in the 1st quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock valued at $237,000 after buying 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.