Goldman Sachs Group Reiterates Buy Rating for Caci International (NYSE:CACI)

Goldman Sachs Group reissued their buy rating on shares of Caci International (NYSE:CACI) in a research report report published on Wednesday, BenzingaRatingsTable reports. Goldman Sachs Group currently has a $258.00 price target on the information technology services provider’s stock.

A number of other research firms also recently commented on CACI. Wells Fargo & Co raised their target price on Caci International from $225.00 to $250.00 and gave the company an outperform rating in a report on Thursday, June 20th. Citigroup downgraded Caci International from a buy rating to a neutral rating and raised their target price for the company from $200.00 to $230.00 in a report on Tuesday, July 9th. Morgan Stanley raised their target price on Caci International from $215.00 to $224.00 and gave the company an equal weight rating in a report on Monday, June 24th. Credit Suisse Group raised Caci International from a neutral rating to an outperform rating and raised their target price for the company from $223.00 to $269.00 in a report on Tuesday, August 20th. Finally, ValuEngine downgraded Caci International from a buy rating to a hold rating in a research note on Saturday, June 22nd. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Caci International presently has an average rating of Buy and an average target price of $232.60.

Caci International stock opened at $227.80 on Wednesday. Caci International has a one year low of $138.39 and a one year high of $229.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.49. The business has a fifty day moving average of $215.32 and a two-hundred day moving average of $202.40. The company has a market cap of $5.58 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 1.86 and a beta of 1.32.

Caci International (NYSE:CACI) last released its earnings results on Wednesday, August 14th. The information technology services provider reported $1.96 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.16). Caci International had a net margin of 5.33% and a return on equity of 11.61%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business posted $2.05 EPS. Caci International’s revenue was up 17.4% compared to the same quarter last year. Sell-side analysts predict that Caci International will post 12.05 EPS for the current year.

In other news, Director Gregory G. Johnson sold 450 shares of Caci International stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $216.17, for a total transaction of $97,276.50. Following the completion of the transaction, the director now owns 5,001 shares of the company’s stock, valued at approximately $1,081,066.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James L. Pavitt sold 500 shares of Caci International stock in a transaction on Monday, September 16th. The stock was sold at an average price of $217.27, for a total value of $108,635.00. Following the transaction, the director now directly owns 6,224 shares of the company’s stock, valued at approximately $1,352,288.48. The disclosure for this sale can be found here. Insiders have sold a total of 15,411 shares of company stock valued at $3,237,888 in the last ninety days. Corporate insiders own 1.51% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new stake in Caci International during the 2nd quarter worth about $79,000. Marshall Wace LLP purchased a new stake in Caci International during the 1st quarter worth about $93,000. Flagship Harbor Advisors LLC increased its position in Caci International by 50.5% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 829 shares of the information technology services provider’s stock worth $169,000 after purchasing an additional 278 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Caci International during the 2nd quarter worth about $206,000. Finally, Laurel Wealth Advisors Inc. purchased a new stake in Caci International during the 1st quarter worth about $240,000. 86.63% of the stock is owned by institutional investors and hedge funds.

Caci International Company Profile

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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Analyst Recommendations for Caci International (NYSE:CACI)

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