Barclays Boosts CACI International (NYSE:CACI) Price Target to $610.00

CACI International (NYSE:CACI - Free Report) had its price objective hoisted by Barclays from $500.00 to $610.00 in a report published on Tuesday, Benzinga reports. They currently have an overweight rating on the information technology services provider's stock.

Several other research analysts have also commented on the stock. Wells Fargo & Company increased their price target on shares of CACI International from $525.00 to $577.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. Robert W. Baird increased their price target on shares of CACI International from $533.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday. Raymond James lowered shares of CACI International from an "outperform" rating to a "market perform" rating in a research note on Monday, August 5th. Truist Financial restated a "buy" rating and set a $650.00 price target (up previously from $520.00) on shares of CACI International in a research note on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of CACI International from $520.00 to $555.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, CACI International currently has an average rating of "Moderate Buy" and a consensus price target of $545.70.

CACI International Trading Up 2.8 %

Shares of CACI stock traded up $15.58 during trading hours on Tuesday, reaching $563.36. 159,285 shares of the stock traded hands, compared to its average volume of 112,858. The business has a fifty day moving average price of $500.36 and a 200 day moving average price of $453.99. CACI International has a 1-year low of $312.78 and a 1-year high of $570.28. The firm has a market capitalization of $12.62 billion, a PE ratio of 27.92, a PEG ratio of 2.22 and a beta of 0.93. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.42.

CACI International (NYSE:CACI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, beating analysts' consensus estimates of $5.08 by $0.85. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm posted $4.36 earnings per share. The firm's revenue was up 11.2% on a year-over-year basis. On average, equities research analysts forecast that CACI International will post 23 EPS for the current year.

Insider Buying and Selling at CACI International

In other news, Director Gregory G. Johnson sold 300 shares of the firm's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total transaction of $141,300.00. Following the completion of the transaction, the director now directly owns 5,910 shares of the company's stock, valued at approximately $2,783,610. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Gregory G. Johnson sold 300 shares of the firm's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total transaction of $141,300.00. Following the completion of the transaction, the director now directly owns 5,910 shares of the company's stock, valued at approximately $2,783,610. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory R. Bradford sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 35,538 shares of the company's stock, valued at $17,499,266.58. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,270 shares of company stock valued at $10,165,972 in the last ninety days. Company insiders own 1.35% of the company's stock.

Institutional Investors Weigh In On CACI International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its position in shares of CACI International by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider's stock worth $39,000 after buying an additional 35 shares during the period. Versant Capital Management Inc boosted its stake in CACI International by 900.0% during the 2nd quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider's stock worth $43,000 after acquiring an additional 90 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in CACI International by 9.8% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider's stock worth $107,000 after acquiring an additional 19 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in CACI International by 35.1% during the 2nd 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 during the last quarter. Finally, Argent Capital Management LLC bought a new position in CACI International during the 3rd quarter worth approximately $208,000. Institutional investors and hedge funds own 86.43% of the company's stock.

CACI International Company Profile

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.