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 note issued to investors on Thursday.

Several other research analysts have also issued reports on the stock. The Goldman Sachs Group increased their price target on shares of CACI International from $379.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Jefferies Financial Group lowered shares of CACI International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $375.00 to $350.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company increased their price target on shares of CACI International from $387.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. upped their price objective 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. Finally, Stifel Nicolaus upped their price objective on shares of CACI International from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $400.82.

CACI International Stock Performance

Shares of NYSE:CACI traded up $22.10 on Thursday, hitting $401.48. 299,142 shares of the company were exchanged, compared to its average volume of 124,351. The company’s 50 day moving average price is $371.66 and its two-hundred day moving average price is $344.62. CACI International has a one year low of $293.69 and a one year high of $403.85. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.90 and a beta of 0.89.

CACI International (NYSE:CACI) last posted its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.19. CACI International had a net margin of 5.31% and a return on equity of 13.65%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm posted $4.92 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. Research analysts expect that CACI International will post 20.27 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On CACI International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd boosted its stake in CACI International by 9.1% in the third 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 last quarter. Eagle Bay Advisors LLC raised its holdings in CACI International by 91.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 63 shares during the period. Essex Financial Services Inc. raised its holdings in CACI International by 10.4% in the fourth quarter. Essex Financial Services Inc. now owns 1,059 shares of the information technology services provider’s stock worth $343,000 after purchasing an additional 100 shares during the period. Campbell & CO Investment Adviser LLC raised its holdings in CACI International by 12.7% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 1,901 shares of the information technology services provider’s stock worth $616,000 after purchasing an additional 214 shares during the period. Finally, Zions Bancorporation N.A. raised its holdings in CACI International by 7.7% in the third quarter. Zions Bancorporation N.A. now owns 4,052 shares of the information technology services provider’s stock worth $1,272,000 after purchasing an additional 289 shares during the period. 86.43% of the stock is 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.