CACI International (NYSE:CACI) Price Target Increased to $468.00 by Analysts at Wells Fargo & Company

CACI International (NYSE:CACI) had its target price hoisted by stock analysts at Wells Fargo & Company from $410.00 to $468.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 16.55% from the company’s previous close.

A number of other equities analysts have also commented on the company. StockNews.com raised CACI International from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Robert W. Baird raised their price target 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. boosted their price target on shares of CACI International from $375.00 to $383.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Jefferies Financial Group downgraded shares of CACI International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $375.00 to $350.00 in a report on Wednesday, January 3rd. Finally, Truist Financial increased their price objective on CACI International from $385.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $410.64.

CACI International Stock Performance

NYSE CACI traded down $3.47 during trading hours on Tuesday, reaching $401.54. 16,307 shares of the company were exchanged, compared to its average volume of 124,526. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $8.95 billion, a P/E ratio of 23.17, a P/E/G ratio of 2.00 and a beta of 0.89. CACI International has a 1 year low of $293.69 and a 1 year high of $409.11. The business’s 50 day simple moving average is $373.98 and its 200-day simple moving average is $346.11.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.19. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. CACI International had a return on equity of 13.80% and a net margin of 5.37%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the business posted $4.92 earnings per share. On average, equities research analysts expect that CACI International will post 20.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP J William Koegel, Jr. sold 500 shares of CACI International stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction of $188,740.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory G. Johnson sold 150 shares of CACI International stock in a transaction on Monday, February 12th. The shares were sold at an average price of $361.69, for a total transaction of $54,253.50. Following the transaction, the director now owns 6,446 shares in the company, valued at approximately $2,331,453.74. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CACI International

Hedge funds have recently added to or reduced their stakes in the company. Deroy & Devereaux Private Investment Counsel Inc. increased its position in CACI International by 21.4% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 82,741 shares of the information technology services provider’s stock valued at $31,345,000 after purchasing an additional 14,602 shares during the period. HTLF Bank acquired a new position in CACI International during the first quarter valued at $229,000. Confluence Wealth Services Inc. acquired a new position in shares of CACI International in the 1st quarter valued at about $237,000. Running Oak Capital LLC boosted its position in CACI International by 10.6% in the 1st quarter. Running Oak Capital LLC now owns 30,101 shares of the information technology services provider’s stock worth $11,403,000 after purchasing an additional 2,883 shares in the last quarter. Finally, M&R Capital Management Inc. purchased a new position in shares of CACI International in the 1st quarter valued at about $1,092,000. 86.43% of the stock is currently owned by institutional investors.

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.