The Goldman Sachs Group Boosts CACI International (NYSE:CACI) Price Target to $425.00

CACI International (NYSE:CACI) had its price objective boosted by The Goldman Sachs Group from $379.00 to $425.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a neutral rating on the information technology services provider’s stock.

A number of other equities analysts have also recently issued reports on CACI. Wells Fargo & Company upped their price objective on CACI International from $387.00 to $410.00 and gave the stock an overweight rating in a report on Thursday, April 4th. Jefferies Financial Group cut CACI International from a buy rating to a hold rating and dropped their target price for the company from $375.00 to $350.00 in a report on Wednesday, January 3rd. Robert W. Baird increased 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. JPMorgan Chase & Co. increased 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. Finally, Stifel Nicolaus upgraded CACI International from a hold rating to a buy rating and increased their target price for the company from $365.00 to $380.00 in a report on Friday, January 5th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $396.27.

CACI International Price Performance

CACI International stock opened at $364.28 on Tuesday. CACI International has a 52 week low of $293.69 and a 52 week high of $382.65. The business has a 50-day simple moving average of $370.32 and a 200 day simple moving average of $342.60. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.82 and a beta of 0.89.

CACI International (NYSE:CACI) last posted its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.14). CACI International had a return on equity of 13.65% and a net margin of 5.31%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company posted $4.28 earnings per share. CACI International’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, research analysts forecast that CACI International will post 20.27 earnings per share for the current fiscal year.

Insider Buying and Selling at CACI International

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CACI. Zions Bancorporation N.A. raised its position in shares of CACI International by 37.3% in the 1st quarter. Zions Bancorporation N.A. now owns 2,762 shares of the information technology services provider’s stock worth $832,000 after acquiring an additional 751 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in CACI International by 47.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 288 shares of the information technology services provider’s stock valued at $87,000 after buying an additional 93 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in CACI International by 43.8% during the 1st quarter. Neuberger Berman Group LLC now owns 1,911 shares of the information technology services provider’s stock valued at $576,000 after purchasing an additional 582 shares during the last quarter. Captrust Financial Advisors boosted its stake in CACI International by 435.5% during the 2nd quarter. Captrust Financial Advisors now owns 4,943 shares of the information technology services provider’s stock valued at $1,393,000 after purchasing an additional 4,020 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in CACI International by 0.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,625 shares of the information technology services provider’s stock valued at $3,557,000 after purchasing an additional 122 shares during the last quarter. Institutional investors 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.