CACI International (NYSE:CACI) Rating Increased to Buy at StockNews.com

CACI International (NYSE:CACI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other brokerages have also recently weighed in on CACI. Stifel Nicolaus lifted their price objective on CACI International from $390.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday. Robert W. Baird lifted their target price on CACI International from $370.00 to $464.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Truist Financial lifted their target price on CACI International from $385.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Jefferies Financial Group lowered CACI International from a “buy” rating to a “hold” rating and decreased their target price for the company from $375.00 to $350.00 in a report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. lifted their target price on CACI International from $375.00 to $383.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $400.82.

CACI International Trading Up 5.8 %

CACI stock traded up $22.10 during midday trading on Thursday, hitting $401.48. 299,142 shares of the company’s stock were exchanged, compared to its average volume of 124,351. CACI International has a 1-year low of $293.69 and a 1-year high of $403.85. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $371.66 and a two-hundred day simple moving average of $344.62. The stock has a market capitalization of $8.94 billion, a PE ratio of 24.32, a P/E/G ratio of 1.90 and a beta of 0.89.

CACI International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.19. CACI International had a return on equity of 13.65% and a net margin of 5.31%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm posted $4.92 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts predict that CACI International will post 20.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gregory G. Johnson sold 150 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $361.69, for a total value of $54,253.50. Following the completion of the sale, the director now directly owns 6,446 shares of the company’s stock, valued at approximately $2,331,453.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the sale, the executive vice president now directly owns 23,385 shares of the company’s stock, valued at approximately $8,827,369.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory G. Johnson sold 150 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $361.69, for a total value of $54,253.50. Following the completion of the sale, the director now directly owns 6,446 shares of the company’s stock, valued at $2,331,453.74. The disclosure for this sale can be found here. 1.23% of the stock is owned by company insiders.

Hedge Funds Weigh In On CACI International

Institutional investors have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC increased its position in CACI International by 91.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock valued at $43,000 after acquiring an additional 63 shares during the period. Anchor Investment Management LLC acquired a new position in CACI International in the 4th quarter valued at about $152,000. Covestor Ltd increased its position in CACI International by 9.1% in the 3rd quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock valued at $170,000 after acquiring an additional 45 shares during the period. HTLF Bank acquired a new position in CACI International in the 1st quarter valued at about $229,000. Finally, Confluence Wealth Services Inc. acquired a new position in CACI International in the 1st quarter valued at about $237,000. Institutional investors and hedge funds own 86.43% of the company’s stock.

CACI International Company Profile

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.