CACI International (NYSE:CACI) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of CACI International (NYSE:CACI) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Several other brokerages have also commented on CACI. The Goldman Sachs Group upped their price target on CACI International from $379.00 to $425.00 and gave the company a neutral rating in a research note on Tuesday, April 16th. Jefferies Financial Group lowered CACI International from a buy rating to a hold rating and decreased their target price for the stock from $375.00 to $350.00 in a research note on Wednesday, January 3rd. Wells Fargo & Company increased their target price on CACI International from $387.00 to $410.00 and gave the stock an overweight rating in a research note on Thursday, April 4th. Stifel Nicolaus increased their target price on CACI International from $390.00 to $430.00 and gave the stock a buy rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on CACI International from $375.00 to $383.00 and gave the stock an overweight rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $400.82.

CACI International Stock Up 5.8 %

Shares of NYSE:CACI opened at $401.48 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $371.66 and a two-hundred day moving average of $344.62. The stock has a market cap of $8.94 billion, a P/E ratio of 23.19, a PEG ratio of 1.89 and a beta of 0.89. CACI International has a 52-week low of $293.69 and a 52-week high of $403.85.

CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 EPS for the quarter, beating the consensus estimate of $5.55 by $0.19. CACI International had a return on equity of 13.97% and a net margin of 5.37%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company posted $4.92 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, research analysts expect that CACI International will post 20.27 earnings per share for the current year.

Insider Activity

In other news, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the transaction, the executive vice president now owns 23,385 shares in the company, valued at approximately $8,827,369.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP J William Koegel, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction of $188,740.00. Following the transaction, the executive vice president now owns 23,385 shares in the company, valued at approximately $8,827,369.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory G. Johnson sold 150 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $361.69, for a total value of $54,253.50. Following the transaction, the director now owns 6,446 shares in the company, valued at approximately $2,331,453.74. The disclosure for this sale can be found here. Company insiders own 1.23% of the company’s stock.

Institutional Trading of CACI International

A number of hedge funds have recently added to or reduced their stakes in CACI. SG Americas Securities LLC lifted its position in CACI International by 290.4% during the 3rd quarter. SG Americas Securities LLC now owns 5,228 shares of the information technology services provider’s stock worth $1,641,000 after acquiring an additional 3,889 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of CACI International by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 680,633 shares of the information technology services provider’s stock valued at $213,671,000 after buying an additional 23,521 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of CACI International in the 3rd quarter valued at approximately $2,099,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of CACI International in the 3rd quarter valued at approximately $12,950,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in shares of CACI International in the 3rd quarter valued at approximately $628,000. 86.43% of the stock is owned by institutional investors and hedge funds.

About CACI International

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.