Barclays Raises CACI International (NYSE:CACI) Price Target to $510.00

CACI International (NYSE:CACI - Free Report) had its price target lifted by Barclays from $450.00 to $510.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an overweight rating on the information technology services provider's stock.

Other equities analysts also recently issued research reports about the company. Cantor Fitzgerald raised CACI International to a "strong-buy" rating in a research report on Tuesday, February 25th. Truist Financial set a $525.00 target price on shares of CACI International and gave the company a "buy" rating in a report on Friday, April 25th. TD Cowen lowered their price target on shares of CACI International from $610.00 to $480.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. UBS Group reissued a "buy" rating on shares of CACI International in a research note on Friday, April 25th. Finally, StockNews.com cut shares of CACI International from a "buy" rating to a "hold" rating in a research note on Saturday, January 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CACI International has a consensus rating of "Moderate Buy" and an average price target of $515.67.

CACI International Price Performance

Shares of CACI traded up $3.62 on Tuesday, reaching $462.49. The stock had a trading volume of 434,666 shares, compared to its average volume of 274,815. CACI International has a twelve month low of $318.60 and a twelve month high of $588.26. The firm has a market capitalization of $10.17 billion, a PE ratio of 21.69, a PEG ratio of 1.01 and a beta of 0.67. The firm has a 50-day moving average of $393.17 and a 200 day moving average of $425.81. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.80.

CACI International (NYSE:CACI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The information technology services provider reported $6.23 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.70. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. CACI International had a return on equity of 15.30% and a net margin of 5.90%. CACI International's revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.74 earnings per share. Sell-side analysts expect that CACI International will post 23.94 EPS for the current year.

Insiders Place Their Bets

In other news, Director Debora A. Plunkett sold 309 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $363.62, for a total transaction of $112,358.58. Following the completion of the transaction, the director now directly owns 2,315 shares of the company's stock, valued at approximately $841,780.30. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CACI. GAMMA Investing LLC lifted its stake in CACI International by 91,931.1% in the first quarter. GAMMA Investing LLC now owns 112,278 shares of the information technology services provider's stock valued at $41,197,000 after buying an additional 112,156 shares during the last quarter. Sterling Capital Management LLC lifted its position in CACI International by 256.0% in the 4th quarter. Sterling Capital Management LLC now owns 74,708 shares of the information technology services provider's stock valued at $30,187,000 after purchasing an additional 53,724 shares during the last quarter. Van ECK Associates Corp boosted its stake in CACI International by 35.2% during the 4th quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider's stock valued at $63,477,000 after purchasing an additional 40,867 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in CACI International by 36.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 90,078 shares of the information technology services provider's stock worth $33,051,000 after purchasing an additional 24,010 shares during the last quarter. Finally, River Road Asset Management LLC acquired a new stake in shares of CACI International in the fourth quarter valued at approximately $8,585,000. 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.