Raymond James Reaffirms Outperform Rating for CACI International (NYSE:CACI)

CACI International (NYSE:CACI)‘s stock had its “outperform” rating reaffirmed by research analysts at Raymond James in a note issued to investors on Thursday,Benzinga reports. They presently have a $490.00 price objective on the information technology services provider’s stock, up from their previous price objective of $475.00. Raymond James’ price objective points to a potential upside of 20.70% from the company’s previous close.

Several other research firms have also recently commented on CACI. Robert W. Baird reiterated an “outperform” rating and set a $640.00 price target on shares of CACI International in a report on Tuesday, December 17th. Truist Financial reduced their price objective on shares of CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. StockNews.com upgraded shares of CACI International from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. boosted their price objective on shares of CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of CACI International from $564.00 to $503.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $525.50.

CACI International Trading Down 3.7 %

NYSE CACI opened at $405.96 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. CACI International has a 52 week low of $326.60 and a 52 week high of $588.26. The stock has a market capitalization of $9.10 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The firm has a 50 day moving average of $433.55 and a two-hundred day moving average of $471.03.

CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 EPS for the quarter, topping the consensus estimate of $5.28 by $0.67. CACI International had a net margin of 5.90% and a return on equity of 15.53%. As a group, research analysts expect that CACI International will post 23.92 EPS for the current fiscal year.

Institutional Trading of CACI International

Several institutional investors and hedge funds have recently bought and sold shares of CACI. Pacer Advisors Inc. raised its position in CACI International by 25.5% in the 2nd quarter. Pacer Advisors Inc. now owns 4,238 shares of the information technology services provider’s stock valued at $1,823,000 after purchasing an additional 861 shares during the last quarter. Marshall Wace LLP purchased a new position in CACI International during the 2nd quarter worth $1,997,000. Driehaus Capital Management LLC raised its position in CACI International by 125.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,215 shares of the information technology services provider’s stock worth $523,000 after buying an additional 677 shares during the last quarter. UMB Bank n.a. raised its position in CACI International by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after buying an additional 35 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its position in CACI International by 4.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 7,141 shares of the information technology services provider’s stock worth $3,603,000 after buying an additional 275 shares during the last quarter. Hedge funds and other 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.