CACI International (NYSE:CACI) Price Target Raised to $383.00 at JPMorgan Chase & Co.

CACI International (NYSE:CACIFree Report) had its price objective hoisted by JPMorgan Chase & Co. from $375.00 to $383.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

Several other analysts have also recently commented on the stock. StockNews.com upgraded shares of CACI International from a hold rating to a buy rating in a research note on Friday, January 12th. Stifel Nicolaus raised CACI International from a hold rating to a buy rating and boosted their price target for the stock from $365.00 to $380.00 in a research note on Friday, January 5th. Finally, Jefferies Financial Group downgraded CACI International from a buy rating to a hold rating and dropped their price objective for the company from $375.00 to $350.00 in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, CACI International has a consensus rating of Moderate Buy and an average price target of $377.33.

Check Out Our Latest Stock Report on CACI

CACI International Price Performance

Shares of NYSE CACI opened at $349.36 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market cap of $7.78 billion, a PE ratio of 21.16, a P/E/G ratio of 1.73 and a beta of 0.89. The stock has a fifty day moving average price of $328.94 and a 200 day moving average price of $328.74. CACI International has a 1-year low of $275.79 and a 1-year high of $359.33.

CACI International (NYSE:CACIGet Free Report) last issued its earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share for the quarter, missing the consensus estimate of $4.50 by ($0.14). The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. CACI International had a net margin of 5.31% and a return on equity of 13.65%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.28 EPS. Sell-side analysts forecast that CACI International will post 20.34 EPS for the current year.

Insider Activity

In other CACI International news, Director Debora A. Plunkett sold 350 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $327.72, for a total transaction of $114,702.00. Following the sale, the director now directly owns 2,284 shares of the company’s stock, valued at approximately $748,512.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On CACI International

A number of hedge funds and other institutional investors have recently made changes to their positions in CACI. Essex Financial Services Inc. grew its holdings in CACI International by 10.4% in the 4th quarter. Essex Financial Services Inc. now owns 1,059 shares of the information technology services provider’s stock valued at $343,000 after buying an additional 100 shares during the period. Van ECK Associates Corp grew its holdings in CACI International by 55.5% in the fourth quarter. Van ECK Associates Corp now owns 12,207 shares of the information technology services provider’s stock valued at $3,953,000 after purchasing an additional 4,357 shares during the period. Cetera Trust Company N.A acquired a new position in CACI International during the fourth quarter worth approximately $308,000. Cornerstone Investment Partners LLC raised its stake in CACI International by 62.0% during the fourth quarter. Cornerstone Investment Partners LLC now owns 1,916 shares of the information technology services provider’s stock worth $621,000 after purchasing an additional 733 shares during the period. Finally, Strs Ohio boosted its holdings in shares of CACI International by 10.9% in the 4th quarter. Strs Ohio now owns 27,704 shares of the information technology services provider’s stock valued at $8,972,000 after purchasing an additional 2,721 shares during the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.

CACI International Company Profile

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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.

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Analyst Recommendations for CACI International (NYSE:CACI)

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