Wells Fargo & Company Raises CACI International (NYSE:CACI) Price Target to $577.00

CACI International (NYSE:CACI) had its target price upped by Wells Fargo & Company from $525.00 to $577.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

A number of other research firms have also recently weighed in on CACI. Truist Financial raised their price target on CACI International from $500.00 to $520.00 and gave the company a buy rating in a research note on Thursday, September 5th. Bank of America boosted their target price on CACI International from $535.00 to $555.00 and gave the stock a buy rating in a research note on Tuesday, September 17th. Barclays increased their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of CACI International from $383.00 to $458.00 and gave the stock an overweight rating in a research report on Wednesday, July 10th. Finally, TD Cowen increased their target price on shares of CACI International from $435.00 to $480.00 and gave the company a buy rating in a research report on Friday, July 12th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $485.60.

CACI International Price Performance

CACI stock opened at $512.13 on Tuesday. The business’s 50-day moving average is $475.04 and its two-hundred day moving average is $433.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $11.42 billion, a P/E ratio of 29.59, a P/E/G ratio of 2.11 and a beta of 0.93. CACI International has a 1 year low of $302.21 and a 1 year high of $515.16.

CACI International (NYSE:CACI) last issued its quarterly earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.93 by $0.68. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the firm earned $5.30 earnings per share. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. Analysts anticipate that CACI International will post 23.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the completion of the sale, the insider now directly owns 35,538 shares of the company’s stock, valued at $17,499,266.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CACI International 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 value of $4,924,100.00. Following the transaction, the insider now directly owns 35,538 shares of the company’s stock, valued at approximately $17,499,266.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP J William Koegel, Jr. sold 970 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $483.27, for a total transaction of $468,771.90. Following the transaction, the executive vice president now owns 22,651 shares of the company’s stock, valued at approximately $10,946,548.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,270 shares of company stock valued at $10,165,972 over the last quarter. 1.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CACI International

A number of institutional investors have recently added to or reduced their stakes in CACI. Versant Capital Management Inc lifted its holdings 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 valued at $43,000 after buying an additional 90 shares during the period. GPS Wealth Strategies Group LLC raised its position 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 acquiring an additional 105 shares in the last quarter. Covestor Ltd lifted 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 valued at $237,000 after acquiring an additional 51 shares during the period. Fifth Third Wealth Advisors LLC purchased a new stake in shares of CACI International during the 2nd quarter worth $318,000. Finally, LRI Investments LLC acquired a new position in shares of CACI International during the 1st quarter worth $293,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.

About CACI International

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.