Wells Fargo & Company Has Lowered Expectations for CACI International (NYSE:CACI) Stock Price

CACI International (NYSE:CACI) had its target price cut by equities research analysts at Wells Fargo & Company from $637.00 to $564.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 22.53% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Bank of America increased their price objective on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Robert W. Baird raised their price target on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Barclays upped their price objective on shares of CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Raymond James downgraded CACI International from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group upped their price target on CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $535.90.

CACI International Stock Performance

NYSE:CACI opened at $460.30 on Tuesday. The firm has a market capitalization of $10.32 billion, a PE ratio of 22.85, a PEG ratio of 1.44 and a beta of 0.91. CACI International has a 1 year low of $314.06 and a 1 year high of $588.26. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The firm’s fifty day simple moving average is $516.70 and its 200 day simple moving average is $470.98.

CACI International (NYSE:CACI) last issued its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.08 by $0.85. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the business posted $4.36 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts anticipate that CACI International will post 23.45 EPS for the current year.

Insider Transactions at CACI International

In other news, insider Gregory R. Bradford sold 10,000 shares of CACI International stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $492.41, for a total value of $4,924,100.00. Following the completion of the transaction, the insider now owns 35,538 shares in the company, valued at approximately $17,499,266.58. The trade was a 21.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.35% of the stock is owned by insiders.

Hedge Funds Weigh In On CACI International

Several institutional investors have recently bought and sold shares of the business. TD Private Client Wealth LLC increased its stake in shares of CACI International by 49.1% in the third quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock valued at $127,000 after buying an additional 83 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of CACI International in the third quarter worth about $184,000. Geode Capital Management LLC lifted its position in shares of CACI International by 5.0% during the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after purchasing an additional 22,823 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of CACI International during the third quarter valued at approximately $289,000. Finally, Captrust Financial Advisors increased its holdings in shares of CACI International by 10.2% in the third quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock valued at $415,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 86.43% of the company’s stock.

About CACI International

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.