CACI International (NYSE:CACI) Stock Rating Reaffirmed by Truist Financial

Truist Financial reiterated their buy rating on shares of CACI International (NYSE:CACI - Free Report) in a research report sent to investors on Friday morning, Benzinga reports. Truist Financial currently has a $650.00 price target on the information technology services provider's stock, up from their prior price target of $520.00.

A number of other research firms have also recently weighed in on CACI. Barclays upped their price target on shares of CACI International from $450.00 to $500.00 and gave the stock an "overweight" rating in a research note on Monday, August 12th. Robert W. Baird increased their target price on shares of CACI International from $533.00 to $640.00 and gave the company an "outperform" rating in a report on Friday. TD Cowen boosted their price target on CACI International from $435.00 to $480.00 and gave the stock a "buy" rating in a research note on Friday, July 12th. JPMorgan Chase & Co. raised their price objective on CACI International from $520.00 to $555.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Finally, Bank of America lifted their price objective on CACI International from $535.00 to $555.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $534.70.

CACI International Stock Performance

CACI traded down $5.19 during trading on Friday, hitting $547.36. The stock had a trading volume of 210,023 shares, compared to its average volume of 112,582. The firm has a market capitalization of $12.20 billion, a P/E ratio of 31.62, a PEG ratio of 2.22 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.27. CACI International has a twelve month low of $302.21 and a twelve month high of $570.28. The company's 50-day moving average price is $496.80 and its 200 day moving average price is $450.22.

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

Insider Activity

In related news, insider Gregory R. Bradford sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $492.41, for a total value of $4,924,100.00. Following the transaction, the insider now owns 35,538 shares in the company, valued at approximately $17,499,266.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Gregory R. Bradford sold 10,000 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $492.41, for a total value of $4,924,100.00. Following the completion of the sale, the insider now owns 35,538 shares of the company's stock, valued at $17,499,266.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $141,300.00. Following the sale, the director now owns 5,910 shares in the company, valued at approximately $2,783,610. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,270 shares of company stock valued at $10,165,972 in the last three months. Corporate insiders own 1.23% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CACI. UMB Bank n.a. increased its holdings in CACI International by 81.4% in the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider's stock valued at $39,000 after buying an additional 35 shares during the last quarter. Covestor Ltd increased its holdings in shares of CACI International by 8.9% in the 1st quarter. Covestor Ltd now owns 624 shares of the information technology services provider's stock valued at $237,000 after acquiring an additional 51 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of CACI International by 900.0% in the 2nd quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider's stock valued at $43,000 after acquiring an additional 90 shares during the last quarter. Kendall Capital Management raised its position in shares of CACI International by 8.9% during the 2nd quarter. Kendall Capital Management now owns 1,219 shares of the information technology services provider's stock valued at $524,000 after acquiring an additional 100 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its stake in CACI International by 35.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider's stock worth $174,000 after purchasing an additional 105 shares during the last quarter. 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.