Brokerages Set CACI International, Inc. (NYSE:CACI) Price Target at $548.73

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

CACI has been the subject of several recent analyst reports. Jefferies Financial Group cut CACI International from a “buy” rating to a “hold” rating and reduced their price target for the company from $570.00 to $535.00 in a report on Wednesday, August 6th. William Blair raised CACI International from a “market perform” rating to an “outperform” rating in a report on Monday, July 7th. UBS Group restated a “buy” rating and set a $614.00 target price (up from $562.00) on shares of CACI International in a research report on Friday, August 8th. Stifel Nicolaus increased their price target on shares of CACI International from $576.00 to $600.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, The Goldman Sachs Group raised shares of CACI International from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $407.00 to $544.00 in a report on Wednesday, August 13th.

CACI International Stock Up 2.1%

CACI stock opened at $526.83 on Tuesday. The stock has a market capitalization of $11.58 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.94 and a beta of 0.63. The company has a fifty day moving average of $495.59 and a 200-day moving average of $470.21. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 1.47. CACI International has a one year low of $318.60 and a one year high of $588.26.

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

Insiders Place Their Bets

In other news, CEO John S. Mengucci sold 10,175 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $492.82, for a total value of $5,014,443.50. Following the completion of the transaction, the chief executive officer owned 101,536 shares in the company, valued at $50,038,971.52. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On CACI International

Hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new position in CACI International during the second quarter worth about $25,000. Wayfinding Financial LLC acquired a new position in shares of CACI International during the 1st quarter worth approximately $27,000. First Horizon Advisors Inc. raised its position in shares of CACI International by 110.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 80 shares of the information technology services provider’s stock worth $38,000 after purchasing an additional 42 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in CACI International in the 2nd quarter valued at approximately $55,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in CACI International by 180.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 140 shares of the information technology services provider’s stock valued at $67,000 after buying an additional 90 shares during the last quarter. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

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.