CACI International (NYSE:CACI) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Key Points

• CACI International's stock price target has been increased by Cantor Fitzgerald from $535.00 to $675.00, indicating a potential upside of 28.45%.
• The company reported earnings of $8.40 per share for the last quarter, exceeding analysts' estimates by $1.86, with a year-over-year revenue increase of 13.0%.
• Insider trading activity showed CEO John S. Mengucci sold 10,175 shares, reducing his ownership by 9.11%, while institutional investors hold 86.43% of CACI's stock.

CACI International (NYSE:CACI - Get Free Report) had its price target hoisted by stock analysts at Cantor Fitzgerald from $535.00 to $675.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the information technology services provider's stock. Cantor Fitzgerald's price target would suggest a potential upside of 28.45% from the company's previous close.

Several other research analysts have also issued reports on CACI. William Blair raised shares of CACI International from a "market perform" rating to an "outperform" rating in a research report on Monday, July 7th. The Goldman Sachs Group raised shares of CACI International from a "sell" rating to a "buy" rating and increased their price target for the stock from $407.00 to $544.00 in a research report on Wednesday, August 13th. Weiss Ratings reissued a "hold (c+)" rating on shares of CACI International in a research report on Wednesday, October 8th. Raymond James Financial reaffirmed a "market perform" rating on shares of CACI International in a report on Friday, August 8th. Finally, Jefferies Financial Group lowered shares of CACI International from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $570.00 to $535.00 in a report on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $561.45.

CACI International Stock Down 1.5%

NYSE:CACI traded down $8.18 during trading hours on Wednesday, hitting $525.51. 53,838 shares of the stock traded hands, compared to its average volume of 369,671. CACI International has a fifty-two week low of $318.60 and a fifty-two week high of $588.26. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73. The firm has a market cap of $11.56 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 1.98 and a beta of 0.63. The firm has a 50 day moving average price of $496.74 and a 200 day moving average price of $470.65.

CACI International (NYSE:CACI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The information technology services provider reported $8.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. CACI International's revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts anticipate that CACI International will post 23.94 earnings per share for the current year.

Insider Transactions at CACI International

In other news, CEO John S. Mengucci sold 10,175 shares of CACI International stock in a transaction on Monday, September 15th. The shares were sold at an average price of $492.82, for a total transaction of $5,014,443.50. Following the transaction, the chief executive officer directly owned 101,536 shares of the company's stock, 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 document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On CACI International

A number of hedge funds and other institutional investors have recently made changes to their positions in CACI. GAMMA Investing LLC boosted its position in shares of CACI International by 150.8% during the first quarter. GAMMA Investing LLC now owns 306 shares of the information technology services provider's stock worth $112,000 after purchasing an additional 184 shares in the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of CACI International during the first quarter worth $4,999,000. Hudson Edge Investment Partners Inc. raised its holdings in shares of CACI International by 30.7% during the first quarter. Hudson Edge Investment Partners Inc. now owns 2,064 shares of the information technology services provider's stock worth $757,000 after acquiring an additional 485 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of CACI International during the first quarter worth $27,000. Finally, TD Private Client Wealth LLC raised its holdings in shares of CACI International by 21.0% during the first quarter. TD Private Client Wealth LLC now owns 305 shares of the information technology services provider's stock worth $112,000 after acquiring an additional 53 shares during the period. 86.43% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.