Wells Fargo & Company Lowers CACI International (NYSE:CACI) Price Target to $503.00

CACI International (NYSE:CACI) had its price target reduced by equities researchers at Wells Fargo & Company from $564.00 to $503.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 20.98% from the company’s previous close.

A number of other research analysts have also recently issued reports on CACI. Robert W. Baird reaffirmed an “outperform” rating and issued a $640.00 price target on shares of CACI International in a report on Tuesday, December 17th. TD Cowen upgraded CACI International to a “strong-buy” rating in a research note on Thursday, December 19th. The Goldman Sachs Group cut CACI International from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $540.00 to $373.00 in a research report on Thursday, December 12th. Truist Financial cut their price objective on CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, UBS Group assumed coverage on shares of CACI International in a report on Monday, December 2nd. They issued a “buy” rating and a $557.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $522.09.

CACI International Stock Up 0.4 %

Shares of CACI stock opened at $415.76 on Wednesday. The stock’s fifty day moving average price is $455.99 and its 200 day moving average price is $469.97. CACI International has a 1-year low of $321.85 and a 1-year high of $588.26. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 1.33 and a beta of 0.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75.

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 for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.36 earnings per share. On average, research analysts expect that CACI International will post 23.45 earnings per share for the current fiscal year.

Institutional Trading of CACI International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in CACI International by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock valued at $243,386,000 after acquiring an additional 22,823 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of CACI International by 1.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock valued at $146,623,000 after acquiring an additional 5,610 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of CACI International by 42.5% in the third quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock worth $60,917,000 after acquiring an additional 34,647 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in shares of CACI International by 3.7% during the third quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock worth $34,179,000 after purchasing an additional 2,396 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in CACI International by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock valued at $29,745,000 after purchasing an additional 15,961 shares during the last quarter. Institutional investors and hedge funds 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.