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

CACI International Inc (NYSE:CACI) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $463.00.

Several analysts have issued reports on the company. TD Cowen lifted their price target on CACI International from $435.00 to $480.00 and gave the company a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. lifted their target price on CACI International from $383.00 to $458.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Bank of America upped their price target on CACI International from $450.00 to $535.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Raymond James cut shares of CACI International from an “outperform” rating to a “market perform” rating in a research note on Monday, August 5th. Finally, Barclays boosted their price objective on shares of CACI International from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th.

CACI International Price Performance

Shares of CACI opened at $476.68 on Monday. The stock has a 50 day simple moving average of $459.95 and a 200 day simple moving average of $421.48. CACI International has a 52-week low of $302.21 and a 52-week high of $489.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $10.63 billion, a PE ratio of 27.54, a P/E/G ratio of 2.01 and a beta of 0.93.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.93 by $0.68. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the company earned $5.30 earnings per share. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. Sell-side analysts predict that CACI International will post 23.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John S. Mengucci sold 10,000 shares of CACI International stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $463.18, for a total value of $4,631,800.00. Following the completion of the transaction, the chief executive officer now owns 91,368 shares of the company’s stock, valued at approximately $42,319,830.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CACI International news, CEO John S. Mengucci sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $463.18, for a total value of $4,631,800.00. Following the sale, the chief executive officer now owns 91,368 shares in the company, valued at $42,319,830.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory G. Johnson sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total value of $141,300.00. Following the completion of the sale, the director now directly owns 5,910 shares of the company’s stock, valued at $2,783,610. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,270 shares of company stock valued at $5,241,872. 1.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CACI International

Institutional investors and hedge funds have recently modified their holdings of the stock. Eagle Bay Advisors LLC boosted its holdings in shares of CACI International by 91.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock worth $43,000 after buying an additional 63 shares during the period. Versant Capital Management Inc boosted its holdings in shares of CACI International by 900.0% during the second 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 period. GPS Wealth Strategies Group LLC boosted its holdings in shares of 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 acquiring an additional 105 shares during the period. HTLF Bank acquired a new position in shares of CACI International in the first quarter valued at approximately $229,000. Finally, Covestor Ltd increased its stake in shares of CACI International by 8.9% during the first quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock worth $237,000 after purchasing an additional 51 shares during the period. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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.