CACI International Inc (NYSE:CACI) Receives Average Recommendation of “Moderate Buy” from Brokerages

CACI International Inc (NYSE:CACI) has been assigned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $522.09.

Several analysts have recently weighed in on CACI shares. UBS Group began coverage on shares of CACI International in a research report on Monday, December 2nd. They set a “buy” rating and a $557.00 target price on the stock. TD Cowen decreased their price objective on shares of CACI International from $610.00 to $480.00 and set a “buy” rating on the stock in a report on Wednesday. Truist Financial dropped their target price on CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company cut their price objective on shares of CACI International from $564.00 to $503.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, StockNews.com cut CACI International from a “buy” rating to a “hold” rating in a report on Friday, December 27th.

Hedge Funds Weigh In On CACI International

A number of hedge funds have recently bought and sold shares of CACI. Wedbush Securities Inc. lifted its position in shares of CACI International by 38.3% during the 2nd quarter. Wedbush Securities Inc. now owns 932 shares of the information technology services provider’s stock valued at $401,000 after buying an additional 258 shares during the last quarter. Kendall Capital Management raised its stake in CACI International by 8.9% in the 2nd quarter. Kendall Capital Management now owns 1,219 shares of the information technology services provider’s stock valued at $524,000 after acquiring an additional 100 shares during the period. Bridges Investment Management Inc. purchased a new stake in CACI International during the second quarter valued at about $489,000. Pacer Advisors Inc. boosted its position in CACI International by 25.5% during the second quarter. Pacer Advisors Inc. now owns 4,238 shares of the information technology services provider’s stock worth $1,823,000 after purchasing an additional 861 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of CACI International by 26.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock worth $21,043,000 after purchasing an additional 10,295 shares in the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

CACI International Trading Up 3.9 %

Shares of CACI opened at $432.19 on Friday. CACI International has a 1-year low of $326.47 and a 1-year high of $588.26. The business’s 50-day moving average price is $453.57 and its 200 day moving average price is $470.20. 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 stock has a market capitalization of $9.68 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.33 and a beta of 0.87.

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

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.