Caci International (NYSE:CACI) had its price objective hoisted by Bank of America from $300.00 to $325.00 in a research report sent to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the information technology services provider’s stock.
CACI has been the topic of several other research reports. Cowen reiterated a buy rating on shares of Caci International in a research report on Wednesday, August 12th. Jefferies Financial Group reiterated a hold rating and set a $270.00 price target on shares of Caci International in a research report on Monday, June 1st. Credit Suisse Group reiterated a buy rating on shares of Caci International in a research report on Thursday, August 13th. ValuEngine downgraded shares of Caci International from a hold rating to a sell rating in a research report on Thursday, July 2nd. Finally, Morgan Stanley upped their target price on shares of Caci International from $235.00 to $251.00 and gave the company an equal weight rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Caci International currently has a consensus rating of Buy and a consensus target price of $282.43.
NYSE CACI traded up $0.46 on Monday, hitting $228.88. 225,593 shares of the company were exchanged, compared to its average volume of 227,619. The firm has a 50 day moving average of $208.82 and a two-hundred day moving average of $232.35. The company has a market cap of $5.73 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.29 and a beta of 1.20. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.63. Caci International has a 1-year low of $156.15 and a 1-year high of $288.59.
Caci International (NYSE:CACI) last issued its quarterly earnings results on Wednesday, August 12th. The information technology services provider reported $3.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.44 by $0.24. Caci International had a net margin of 5.62% and a return on equity of 12.66%. Research analysts anticipate that Caci International will post 13.99 EPS for the current fiscal year.
In other news, Director William S. Wallace sold 163 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $210.65, for a total value of $34,335.95. Following the completion of the transaction, the director now owns 10,220 shares in the company, valued at approximately $2,152,843. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John S. Mengucci sold 5,308 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $263.27, for a total value of $1,397,437.16. Following the completion of the transaction, the chief executive officer now owns 50,769 shares of the company’s stock, valued at approximately $13,365,954.63. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,271 shares of company stock valued at $1,636,268. 1.38% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its holdings in shares of Caci International by 36.6% in the 1st quarter. First Horizon Advisors Inc. now owns 295 shares of the information technology services provider’s stock worth $62,000 after purchasing an additional 79 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Caci International in the first quarter worth $93,000. Procyon Private Wealth Partners LLC grew its holdings in shares of Caci International by 564.6% in the first quarter. Procyon Private Wealth Partners LLC now owns 545 shares of the information technology services provider’s stock worth $115,000 after acquiring an additional 463 shares during the period. First Mercantile Trust Co. bought a new stake in shares of Caci International in the second quarter worth $127,000. Finally, Cigna Investments Inc. New bought a new stake in shares of Caci International in the second quarter worth $201,000. Institutional investors own 87.37% of the company’s stock.
About Caci International
CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions in the areas of financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.
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