CACI International, Inc. (NYSE:CACI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

CACI International, Inc. (NYSE:CACI) has earned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $548.7273.

A number of analysts have recently issued reports on CACI shares. William Blair upgraded CACI International from a “market perform” rating to an “outperform” rating in a report on Monday, July 7th. UBS Group reaffirmed a “buy” rating and set a $614.00 price target (up from $562.00) on shares of CACI International in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CACI International in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their price target on shares of CACI International from $576.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, Truist Financial set a $575.00 price target on shares of CACI International in a research report on Friday, August 8th.

Insiders Place Their Bets

In related news, CEO John S. Mengucci sold 10,175 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $492.82, for a total transaction of $5,014,443.50. Following the transaction, the chief executive officer directly owned 101,536 shares of the company’s stock, valued at approximately $50,038,971.52. The trade was a 9.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CACI International

Several hedge funds and other institutional investors have recently bought and sold shares of CACI. Farther Finance Advisors LLC lifted its position in CACI International by 8.6% during the 1st quarter. Farther Finance Advisors LLC now owns 1,131 shares of the information technology services provider’s stock worth $418,000 after acquiring an additional 90 shares in the last quarter. GAMMA Investing LLC lifted its position in CACI International by 150.8% during the 1st quarter. GAMMA Investing LLC now owns 306 shares of the information technology services provider’s stock worth $112,000 after acquiring an additional 184 shares in the last quarter. SG Americas Securities LLC lifted its position in CACI International by 109.7% during the 1st quarter. SG Americas Securities LLC now owns 2,005 shares of the information technology services provider’s stock worth $736,000 after acquiring an additional 1,049 shares in the last quarter. Trust Point Inc. lifted its position in CACI International by 8.4% during the 1st quarter. Trust Point Inc. now owns 1,227 shares of the information technology services provider’s stock worth $450,000 after acquiring an additional 95 shares in the last quarter. Finally, Peregrine Capital Management LLC purchased a new stake in CACI International during the 1st quarter worth approximately $4,999,000. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Stock Down 0.5%

Shares of NYSE:CACI opened at $515.71 on Tuesday. The stock’s 50-day moving average price is $494.64 and its two-hundred day moving average price is $468.70. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73. CACI International has a 12-month low of $318.60 and a 12-month high of $588.26. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.94 and a beta of 0.63.

CACI International (NYSE:CACI) last issued its quarterly earnings results on Wednesday, August 6th. The information technology services provider reported $8.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.54 by $1.86. CACI International had a return on equity of 15.84% and a net margin of 5.79%.The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company earned $6.61 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, research analysts forecast that CACI International will post 23.94 EPS for the current year.

About CACI International

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.